Riyadh-Mubasher: Korean investments in Saudi Arabia reached more than SAR 866.34 million during the first quarter of 2015, said Korean ambassador to the kingdom, Jin-Soo Kim.

He added that the investments are expected to exceed SAR 3.37 billion at the end of 2015.

The number of Korean companies operating in Saudi Arabia reaches over 2000, most of which operates in the building and contracting sectors, the ambassador said.

He noted that nearly 120 companies plan to invest in the kingdom in the next period, Al-Eqtisadiah newspaper reported.