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Samsung C&T to Construct Modular Homes in Saudi Arabia

Samsung C&T to Construct Modular Homes in Saudi Arabia

SEOUL, Jan. 26 (Korea Bizwire) — South Korean builder Samsung C&T Corp. will build modular homes in Saudi Arabia, the land and transport ministry said Wednesday. Land Minister Won Hee-ryong on Tuesday held a meeting with Yasir bin Al-Rumayyan, Governor of the Public Investment Fund (PIF), in Saudi Arabia with both parties signing a memorandum [...]

Kakao Entertainment Secures 1.2 tln Won in Investment from Sovereign Wealth Funds

Kakao Entertainment Secures 1.2 tln Won in Investment from Sovereign Wealth Funds

SEOUL, Jan. 12 (Korea Bizwire) — Kakao Entertainment Corp., an entertainment, media and publishing unit under the South Korean tech giant Kakao Corp., said Thursday that it has secured a 1.2 trillion-won ($963.8 million) investment from global sovereign wealth funds. The company said it is the largest overseas investment raised by a South Korean content [...]

Annual Festival of Light And Art Noor Riyadh Returns on a Grander Scale to Illuminate Saudi Arabia’s Capital, November 3 – 19, 2022

Annual Festival of Light And Art Noor Riyadh Returns on a Grander Scale to Illuminate Saudi Arabia’s Capital, November 3 – 19, 2022

RIYADH, Saudi Arabia, Oct. 17 (Korea Bizwire) — Noor Riyadh, the groundbreaking annual festival of light and art, will launch on November 3, 2022 (until 19 November 2022), accompanied by a 3-month art exhibition (November 3, 2022 – February 4, 2023) and dynamic public program. Following the success of the festival’s inaugural edition in 2021, [...]

Teksbotics and Alshrouq Pilot Last-Mile Autonomous Delivery in Saudi Arabia

Teksbotics and Alshrouq Pilot Last-Mile Autonomous Delivery in Saudi Arabia

HONG KONG, May 18 (Korea Bizwire) – Teksbotics is a Hong Kong-based autonomous driving solution provider. The company assists its customers to automate their transportation, delivery and patrol jobs. In this project, Teksbotics is partnering with its Saudi Logistic Partner - Alshrouq Express, which is one of the best last-mile delivery companies serving Amazon.com and Noon.com.  In this pilot project, a purpose-built [...]

Saudi Arabia’s Sovereign Wealth Fund Becomes NCSOFT’s 2nd-largest Shareholder

Saudi Arabia’s Sovereign Wealth Fund Becomes NCSOFT’s 2nd-largest Shareholder

SEOUL, March. 11 (Korea Bizwire) — Saudi Arabia’s sovereign wealth fund has increased its stake in NCSOFT Corp. to become the second-largest shareholder, according to a regulatory filing Friday. Public Investment Fund (PIF) acquired an additional 563,566 shares of the major South Korean online and mobile game developer for around 290 billion won (US$240 million) [...]

Teksbotics & UISEE Jointly Pilot Driverless Delivery Vehicles in Saudi Arabia

Teksbotics & UISEE Jointly Pilot Driverless Delivery Vehicles in Saudi Arabia

HONG KONG, Jan. 27 (Korea Bizwire) — Driverless delivery vehicle jointly built by Teksbotics (Asia) Limited (hereinafter referred to as “Teksbotics”) and UISEE was recently launched and piloted in the community of King Abdullah University of Science and Technology, Saudi Arabia, for “Last mile” autonomous delivery service. The driverless delivery vehicle project aims to connect with local online [...]

The Kingdom of Saudi Arabia Reveals the Inspired Experiences Awaiting Visitors at Its Stunning Expo Pavilion

The Kingdom of Saudi Arabia Reveals the Inspired Experiences Awaiting Visitors at Its Stunning Expo Pavilion

RIYADH, SAUDI ARABIA, Aug. 20 (Korea Bizwire) — With less than two months to go, the Kingdom of Saudi Arabia is preparing to welcome the world to its state-of-the-art pavilion at Expo 2020 Dubai. At the Saudi Pavilion – the second largest after the UAE’s – visitors will experience the Kingdom’s rich past, vibrant present, [...]