Saudi Arabia, South Korea Boost Ties with Several Agreements

Saudi Crown Prince Mohammed bin Salman and Korean President Yoon Suk Yeol at the official reception (SPA)
Saudi Crown Prince Mohammed bin Salman and Korean President Yoon Suk Yeol at the official reception (SPA)
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Saudi Arabia, South Korea Boost Ties with Several Agreements

Saudi Crown Prince Mohammed bin Salman and Korean President Yoon Suk Yeol at the official reception (SPA)
Saudi Crown Prince Mohammed bin Salman and Korean President Yoon Suk Yeol at the official reception (SPA)

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz received South Korean President Yoon Suk Yeol where discussions focused on the bilateral ties and efforts to promote cooperation in various sectors.

The talks culminated in the signing of several bilateral agreements and memorandums of understanding (MoUs) in various fields.

An official reception ceremony was held in honor of the Korean President at al-Yamamah Palace in Riyadh.

The two leaders held an extensive meeting and a session of official talks. They explored opportunities to utilize the available resources in both countries to achieve mutual benefits.

They also discussed regional and international developments and issues of common interest.

The Crown Prince and the Korean President attended the signing ceremony of several bilateral agreements and MoUs between the two countries, including a draft MoU regarding establishing the Strategic Partnership Council between the two governments.

The deals also included the Hydrogen Oasis Initiative for cooperation in green and clean hydrogen and a deal to mutually exempt holders of diplomatic, private, and official passports from short-stay visa requirements.

A joint statistical cooperation program between the General Authority for Statistics of Saudi Arabia and Statistics Korea (KOSTAT) was also signed, as well as a MoU between the Saudi Food and Drug Authority and the Korean Ministry of Food and Drug Safety to strengthen cooperation in the fields of food and medical products.

The meetings were attended by Energy Minister Prince Abdulaziz bin Salman, Minister of State and Member of the Cabinet Prince Turki bin Mohammed bin Fahd, Minister of Sports Prince Abdulaziz bin Turki bin Faisal, Interior Minister Prince Abdulaziz bin Saud bin Naif, Minister of National Guard Prince Abdullah bin Bandar, Foreign Minister of Foreign Affairs Prince Faisal bin Farhan, Minister of Culture Prince Badr bin Abdullah bin Farhan, along with several Saudi ministers and the accompanying delegation of the Korean President.

President Yoon Suk Yeol and his delegation arrived in Riyadh Saturday evening on a state visit to the Kingdom.



Saudi Crown Prince Announces Launch of ‘Riyadh Non-Profit Foundation’

Crown Prince Mohammed bin Salman
Crown Prince Mohammed bin Salman
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Saudi Crown Prince Announces Launch of ‘Riyadh Non-Profit Foundation’

Crown Prince Mohammed bin Salman
Crown Prince Mohammed bin Salman

Crown Prince Mohammed bin Salman, Saudi Arabia’s Prime Minister and Chairman of the Royal Commission for Riyadh City, officially launched the Riyadh Non-Profit Foundation on Thursday, forming its Board of Directors. Established by royal decree as an independent entity with special status, the foundation operates under the Royal Commission for Riyadh City.

The foundation's Board of Directors is led by the Crown Prince, with Ibrahim bin Mohammed Al-Sultan, CEO of the Royal Commission, appointed as Vice Chairman and Secretary General, as reported by the Saudi Press Agency (SPA).

The Riyadh Non-Profit Foundation is designed to support and advance institutional and social work in various forms. It aims to foster research, studies, and social initiatives while encouraging community participation in the development of non-profit sector programs that align with its objectives. Additionally, the foundation seeks to promote a strong culture of social responsibility and reinforce the values of community engagement, marking a significant step forward in social development and innovation within the non-profit sector.

The foundation’s key focus is on fostering social development by empowering all segments of society, strengthening social cohesion, and preserving Riyadh’s cultural identity. It will collaborate with government agencies and non-profit organizations to create job opportunities in the social sector.

In the long term, the foundation aims to become a regional and global leader in the design, financing, and implementation of innovative social programs. Its areas of focus will include healthcare, education, arts, culture, and sustainability, all contributing to enhancing the quality of life and advancing social development in Saudi Arabia.

By building an integrated ecosystem, establishing research centers and incubators for social projects, and increasing community participation, the foundation aims to optimize the management and performance of its affiliated entities. This will ensure the fulfillment of its mission while aligning with the developmental priorities outlined in Saudi Arabia's Vision 2030.