Saudi Arabia signs strategic deal with Korean IT group Naver
RIYADH, March 31, 2023
Saudi Arabia's Ministry of Municipal, Rural Affairs, and Housing and the Ministry of Investment have signed an agreement with Korean group Naver as well as its key units - Naver Labs and Naver Cloud, a specialist in information technology.
The MoU was signed in the presence of the Minister of Municipal, Rural Affairs, and Housing, Majid Abdullah Al Hogail, and the Minister of Investment, Engineer Khalid Abdulaziz Al Falih, reported SPA.
The agreement was inked by the Undersecretary of the Ministry of Municipal and Rural Affairs and Housing for Digital Transformation and Smart Cities Musaed bin Abdullah Al Otaibi and the Undersecretary of the Ministry of Investment for Investment Development Fahd bin Jamal Al-Naim.
The Korean side was represented by Seon-Ju from Naver, Seok Sang-ok from Naver Labs and Sang-young Han from Naver Cloud.
Under the MoU, the parties aim to enhance cooperation to develop investment in the Kingdom of Saudi Arabia and to unify efforts with relevant authorities to achieve common goals.
