Saudi Crown Prince to visit South Korea on Friday

Saudi Arabia's Crown Prince Abdullah bin Abdul Aziz is to pay a three-day visit to South Korea starting on Friday.

Crown Prince Abdullah will meet with Korean President Kim Tae-chung to discuss methods of upgrading mutual investments between the two countries.

Saudi sources said the meeting will also tackle the participation of Korean companies in establishing mutual projects in Saudi Arabia, increasing industries and bringing skilled employment.

Saudi investments in South Korea amount to $400 million invested by Saudi Aramco in refining petroleum with Ssang Yong Oil Refining Company, while Korean companies import about $164 million to Saudi Arabia, including cars and electronics.