In a notable strategic move, Al Sharif Group Holding signed agreements with 6 prominent Korean companies in various fields during the visit of the delegation of Al Sharif Group Holding to South Korea, which marks an exceptional event in the world of business and investment. More than one ceremony was held for the official signing of the agreements, attended by the CEO of Al Sharif Group Holding, Mr. Nawaf Al Sharif, in addition to Korean company officials, government representatives, and several prominent figures in the business and economic sectors from both countries.
These agreements come within the framework of continuous efforts to enhance economic and trade cooperation between Saudi Arabia and South Korea, and exchange expertise in various fields such as technology, industry, energy, infrastructure, health, and commerce. These partnerships reflect the vision of Al Sharif Group in developing its investments and providing distinguished and innovative services to its clients.
An agreement was signed between Al Sharif Group and Yusoo Ocean for ship maintenance and repair in Korea. Additionally, a strategic partnership agreement was signed with KCTC in the transportation and logistics sector, and an agreement with Kopia, the Korean Industries Association, in the fields of engineering, procurement, and construction. Furthermore, agreements were signed with Cloocus in cloud computing and artificial intelligence, and with ITCEN in digital finance and information technology, and Soosan operates in the field of operation and maintenance of nuclear power plants as well as thermal power plants.
Korean companies excel in construction, technology, and energy fields with extensive global experience and innovative technologies. These companies have served their country in developing infrastructure and providing the best technological solutions in Korea. These partnerships aim to transfer Korea’s developmental experience to the Kingdom. Remarkable results are expected to be achieved through these partnerships, as they aim to enhance innovation, develop local industries, and provide new job opportunities.
Mr. Nawaf Al Sharif, the CEO of Al Sharif Group, expressed his delight in signing these strategic agreements with Korean companies and emphasized the importance of these partnerships in enhancing economic and trade cooperation between Saudi Arabia and Korea, their role in transferring global expertise to the Kingdom, attracting foreign investments to the country. These partnerships come within the framework of enhancing the group’s capabilities in providing innovative technological solutions in the Kingdom to serve Vision 2030 and its major projects such as NEOM City and the Red Sea Project.
