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Crown Prince bin Salman, who actually rules Saudi Arabia, is visiting Korea.
Saudi Arabia is currently promoting a new city project costing more than 700 trillion won, and Korean companies are also running to participate in it.
Reporter Jae Hee-won will tell you more details.
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Crown Prince Mohammed bin Salman of Saudi Arabia is coming to Korea tonight (16th).
He is accompanied by an entourage so large that he has rented all 400 rooms at the Lotte Hotel in the center of Seoul.
It seems that he will stay in Korea until tomorrow and meet President Yoon Seok-yeol and the heads of major conglomerates.
Crown Prince bin Salman is the real ruler of Saudi Arabia and is the world's richest man with a personal fortune of 2,600 trillion won.
In addition to this, he is promoting Neom City, a super-large new city 44 times the size of Seoul.
The Line project, which builds 500-meter-tall buildings along a 170-kilometer stretch, is also included.
710 trillion won, which is more than the annual budget of Korea, is expected to be spent, and Korean companies also want to participate in various fields such as construction, energy, transportation, and telecommunications.
[Song Sang-hyun/Professor of Middle East Department, Dankook University: I think it is an important part of fostering related industries such as new and renewable energy in the process of moving to an oil-free economy.
I think there are enough parts that can cooperate with the Korean side in building hydrogen infrastructure.]
When I first visited Korea three years ago, I also met with the heads of the five major groups, and again this time, the leaders of the major groups are waiting for their schedules tomorrow.
Crown Prince bin Salman is due to leave for Japan late tomorrow night.
(Video editing: Choi Jin-hwa)