JEDDAH: Saudi Arabia and South Korea have jointly invested more than SR487 million ($129.8 million) in developing and designing compact-sized nuclear plants.The aim of investing in the SMART (System-Integrated Modular Advanced Reactor Technology) nuclear plants is to diversify energy sources.The pre-project engineering to build two units of SMART will be completed in November this year, the South Korean Ambassador Byung…
RIYADH: Saudi Arabia and the UAE topped the Arab world in the global competitiveness index announced by the World Economic Forum (WEF), which uses a new methodology to fully capture the economic dynamics of 140 countries globally.The Kingdom, according to the report, has advanced to 39th position on the WEF Global Competitiveness Report for 2018, up two places from its…
RIYADH: South Korean breakdancers B-boys set the stage alight in Riyadh on Sunday night with their tough high-energy moves and grooves, offering thousands of people a number of strands including dance, rapping, and graffiti. A group of girls also performed traditional and folk dances amid the cheers of a jam-packed audience at the local King Fahd Culture Center. “The event was…
RIYADH: The Korea-Arab Friendship Caravan will arrive in Riyadh on Sunday. The touring event, a major cultural jamboree organized by the Seoul-based Korea-Arab Society, will feature a feast of traditional Korean entertainment, including music and dance. “Inspired by the old tradition of the caravans that connected the West and the East through the Silk Road, the Korea-Arab Society has been…
JEDDAH: Saudi Arabia has invested SR500 billion ($133.3 billion) in industrial, service and logistics projects and contracts, which will go a long way in cutting dependence on oil, and in diversifying the national economy.The Kingdom is also witnessing a remarkable demand in industrial investment after intensified efforts by the Saudi Industrial Property Authority (MODON) and other government agencies.“MODON’s success in…
RIYADH: Saudi Arabia and South Korea have made headway on 40 projects identified by a joint panel within the framework of Vision 2030, according to South Korean Ambassador Jo Byung-Wook. One of the biggest is a collaboration in the nuclear-energy sector, as part of which 48 Saudi nuclear engineers have so far been sent to South Korea to work with…
Riyadh Gov. Prince Faisal bin Bandar was the chief guest at a special celebration of Nepal’s National Day hosted by the Nepalese Embassy. The event, at the Cultural Palace in Riyadh’s diplomatic quarter, began with the national anthems of Nepal and Saudi Arabia. Then Dr. Mahendra Prasad Singh Rajput, ambassador of Nepal to Saudi Arabia, welcomed the guests — including…
RIYADH: Saudi-German ties have grown and developed through the years but now the relationship has assumed a new dimension of dynamism and cordiality, as cooperation continues to evolve on a number of issues. The diverse projects being jointly undertaken are a testimony to the long and lasting friendship between Riyadh and Berlin, which has become a long-term partnership with the ongoing…