The Minister of Finance and Chairman of Board of Directors of General Investment Fund Dr. Ibrahim bin Abdulaziz Al-Assaf signed here today a memorandum of understanding between the Fund and POSCO Company of the Republic of Korea. The memorandum includes setting mechanisms and methods of transferring technology and knowledge to the Kingdom, which will be reflected on building future projects in the Kingdom. The company is considered as a leader in many areas such as steel industry, establishment of petrochemical plants, infrastructure planning and development, the establishment of educational, residential and commercial buildings, engineering and construction, design and construction of roads and railways, and water desalination and treatment.