South Korean President Yoon visits Saudi Arabia and Qatar as a state guest, raising expectations for a ”second Middle East boom”

South Korean President Yoon Seo-gyeol returned to the country on the 26th after visiting Saudi Arabia and Qatar. President Yoon was the first South Korean leader to make a state visit to both countries. What is Saudi?4
The two countries adopted a joint statement for the first time in three years, confirming their policy to expand mutual investment in the fields of next-generation energy and infrastructure construction. The relationship with Qatar will be upgraded to a ``comprehensive strategic partnership.''
Ta. Oil-producing countries in the Middle East brought huge amounts of income to South Korea due to high crude oil prices in the 1970s, and South Korean media are expressing expectations for a ``second Middle East boom.''
President Yoon will visit Saudi Arabia and Qatar for 4 nights and 6 days starting from the 21st of this month. In Saudi Arabia, the International Economic Forum was held under the leadership of Crown Prince Mohammed.
Invited as guest of honor to Lam's ``Future Investment Initiative.'' He traveled to the venue in the passenger seat of a car driven by Prince Mohammed. It showed how close the two men were. According to Yonhap News,
In his speech at the forum, President Yoon quoted the Arab proverb, ``Before you set out on a journey, choose the friends with whom you will travel.''
-” he said. He also cited the three keywords of South Korea's strengths: "trust," "innovation," and "solidarity," and added, "Korea has the experience of growing and developing through the support and support of the international community.
"Going forward, we will share this with many countries, significantly increase public assistance, technology and people-to-people exchanges, and create a future that reflects this together with the international community, including the Middle East."
The two countries signed a total of 46 contracts and MOUs (memoranda of understanding) in fields such as energy, electric vehicles, digital, and smart farms. Amount of money
The total amount reaches 15.6 billion dollars (approximately 2.33 trillion yen). South Korea's Hyundai Motor Co., Ltd. and Saudi Arabia's sovereign wealth fund PIF will establish a joint venture plant for car assembly in King Abdullah Economic City in Saudi Arabia.
announced that it would build a JoongAng Ilbo, a South Korean newspaper, reported, ``This is the first production base in the Middle East, and it is expected to play a role as a base for exporting automobiles to the Middle East and North Africa in the future.'' Also
, the two leaders announced that they would also cooperate in the fields of national defense and defense industry. The South Korean President's Office said, ``We will cooperate so that South Korea's weapons systems, which incorporate excellent defense industrial technology, will help strengthen the national defense capabilities of the other country.''
"We will continue to do so." The situation in the Middle East has been destabilized due to hostilities between Israel and the Islamic fundamentalist organization Hamas, but the two leaders expressed their opposition to attacking civilians in any way.
"We will work together with the international community to provide humanitarian assistance." Following his visit to Saudi Arabia, President Yoon paid a state visit to Qatar on the 24th (local time). He held a summit meeting with Emir Tamim, and the two leaders
It was agreed that the relationship between the two countries would be upgraded from the previous "comprehensive partnership" relationship to a "comprehensive strategic partnership." The cooperation between the two countries has been focused on the energy and construction fields.
He announced plans to expand into fields such as capital, defense industry, and culture. On this day, South Korea's HD Hyundai and Qatar's state-owned energy company Qatar Energy announced the construction of 17 liquefied natural gas (LNG) carriers.
Signed a construction contract. With the signing of this contract, South Korean companies will increase their share of global LNG carrier orders this year from 74% to 81%. At the on-site press conference, Chief Economic Secretary Choi Sang-mok said, ``Ha!
Nwha Ocean and Samsung Heavy Industries are also proceeding with price negotiations with the Qatari side to build about 30 vessels,'' he said, adding, ``We hope to see significant results soon.'' Also, both
The leaders also agreed to expand cooperation in the LNG field to all related industries, including the construction, operation, maintenance, and repair of LNG carriers.
With President Yoon's visit this time, we will be spending approximately 15.6 billion dollars with Saudi Arabia and approximately 15.6 billion dollars with Qatar.
Signed a contract/MOU worth 4.6 billion dollars. During the 1970s, when crude oil prices were high, major oil producing countries in the Middle East brought huge amounts of oil to South Korea, and there is a possibility that a "second Middle East boom" will come to South Korea in the future.
Expectations are high that this will happen. JoongAng Ilbo said in an editorial on the 24th, ``We hope that this opportunity will be used as a chance to make another leap forward out of the low growth phase.''