Naver, Saudi Arabia's NHC to build JV

Quick Summary:

South Korea’s Naver Corp.said on Monday it signed a memorandum of understanding (MOU) with Saudi Arabia’s National Housing Company (NHC), a subsidiary of the Ministry of Municipalities and Housing, to establish a joint venture.

Attendees included Naver's Foreign and ESG Policy CEO Chae Seon-Ju, Naver Cloud CEO Kim Yoo-won, and Saudi Arabia’s Minister of Municipalities and Housing, Majid Al-Hogail.

NHC, a state-owned company handling 70% of real estate transactions in Saudi Arabia, is tasked with driving digital innovation in the country’s real estate sector and building smart cities.

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Article Details

Category: Economy

Markets: South KoreaSaudi Arabia

Topics: Housing Company Municipalities Arabia Naver Monday Joint Korea’s Arabia’s Venture Saudi

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 17:24:59 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 155 words

Reading Time: 1 minutes read

Sentences: 13 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23653041

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About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

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Year Established: 1964

Headquarters: South Korea

News Last Updated: 1 hours ago

Coverage Areas: South Korea

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