Yoon Returns Home After Middle East Tour... Achievements Including 27 Trillion Won Contracts

Expanding Practical Economic Cooperation through State Visits to Saudi Arabia and Qatar

President Yoon Suk-yeol returned to Korea on the 26th after a state visit to Saudi Arabia and Qatar.

On the same day, President Yoon arrived at Seongnam Seoul Airport aboard Air Force One, accompanied by his wife, First Lady Kim Keon-hee.

President Yoon Suk-yeol and First Lady Kim Keon-hee, returning from a 4-night, 6-day state visit to Saudi Arabia and Qatar, arrived in the morning of the 26th at Seongnam Seoul Airport. They greeted the welcoming guests after disembarking from Air Force One, their exclusive aircraft. [Photo by Yonhap News]

From the 21st, during a 4-night, 6-day state visit as the first Korean president to visit Saudi Arabia and Qatar, President Yoon secured contracts and memorandums of understanding (MOUs) worth approximately $15.6 billion (21.1 trillion KRW) in Saudi Arabia and about $4.6 billion (6.2 trillion KRW) in Qatar. Combined, this amounts to a total of $20.2 billion (27.3 trillion KRW).

Notably, Saudi Arabia and Korea adopted a joint statement for the first time in 43 years and agreed to promote large-scale defense cooperation. In Qatar, the bilateral relationship was elevated to a "comprehensive strategic partnership." Following the summit between President Yoon and Emir Tamim bin Hamad Al Thani of Qatar, a single contract for the construction of LNG carriers worth $3.9 billion (5.2 trillion KRW), the largest ever, was signed.

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