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THE INVESTOR
December 14, 2019
Big Reunion

Samsung

Samsung heir flies to Saudi to check on metro project

  • PUBLISHED :September 15, 2019 - 16:32
  • UPDATED :September 15, 2019 - 16:32
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Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, on Saturday flew to Saudi Arabia to check on Samsung C&T’s infrastructure project in the Middle Eastern country’s capital Riyadh, according to the company on Sept. 15.

The de facto leader of South Korea’s biggest conglomerate visited the construction site for the Riyadh Metro project participated by Samsung C&T, the construction arm of Samsung. 

Lee Jae-yong
Yonhap

The project, slated for completion by 2020, includes the construction of six rail lines that strech 168 kilometers across the Saudi Arabian capital. 

The vice chairman met Samsung C&T engineers working for the project and encouraged them to keep up the good work.

"As Middle East is seeking profits from things other than oil, it is becoming a new land of opportunities in the 21st century,” Lee said. “Your sweats, when met with these new opportunities, will bear fruit.”

Lee had given attention to the project in June when he met with Saudi’s Crown Prince Mohammed bin Salman, who had visited Seoul to meet with President Moon Jae-in.

It was reported that the Saudi prince and Lee held a closed-door meeting after a state luncheon hosted by Cheong Wa Dae.

The Samsung heir’s visit to the Middle Eastern country marks his first publicized overseas trip since the Supreme Court ordered a retrial of the bribery case involving Lee and former President Park Geun-hye last month.

Despite the retrial, Lee is expected to continue making visits to Samsung’s work sites -- albeit with caution -- as part of his on-site management initiative that would help solidify his leadership across affiliates, according to a company insider.

By Song Su-hyun/The Korea Herald (song@heraldcorp.com

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