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Korean president: relations with kingdom strategic, business promotes economic cooperation 7 Riyadh
his speech during Second Saudi Published in Saudi Press Agency on 04 - 03 - 2015

Korean Business Opportunities Forum in Riyadh, the Governor of Saudi Arabian General of Investment Authority Engineer Abdul Latif bin Ahmed Al-Othman said that the kingdom considers Korea as one of the most important countries to attract investment from.
He pointed out that an agreement to encourage and protect investment between the two countries was signed on 4 April 2002.
He added that the agreement on the prevention of double taxation on March 24, 2007 and that total Korean investments in the kingdom were 243 projects by the end of 2014 with investment total value of 3.4 billion riyals, ranging between industrial to service projects.
He stated that there is a growing demand from Korean companies to get licenses from the authority, which welcomes them through special track dedicated to targeted investments.
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14:49 LOCAL TIME 11:49 GMT
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