OIC KOREA

OIC Korea Co., Ltd., a company participating in the Saudi-Korea Industrial Complex Project (SKIV)

A significant portion of the funds invested in the SKIV project are invested by the Saudi government and sovereign wealth funds. SIIVC's primary investment to create an industrial complex alone amounts to 13 trillion won.

Twenty-three Korean companies participating in the project will enter Saudi Arabia as a joint venture (JV).

Investment is likely to increase further by 2024, when the construction of the industrial complex is completed and all companies enter normal operation. The Saudi-Korean industrial complex, which will be built in the Janbu Industrial Complex with a size of 2 million square meters (about 600,000 pyeong), will be divided into four major areas: IT, renewable energy, general manufacturing, medical and pharmaceutical.

OIC Korea Co., Ltd. will be in charge of the IT and digital areas for companies participating in the Saudi-Korea Industrial Complex Project (SKIV). 

Source : https://www.mk.co.kr/news/business/10687437

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