Custodian of the Two Holy Mosques King Salman and South Korean President Park Geun-hye oversee the signing of an agreement on naval transport and memoranda of understanding on nuclear cooperation in Riyadh on Tuesday. — SPA Saudi Gazette report RIYADH — Custodian of the Two Holy Mosques King Salman and South Korean President Park Geun-hye oversaw the signing of an agreement on naval transport and two memoranda of understanding on nuclear cooperation here on Tuesday. Under the nuclear cooperation agreement, the two countries are set to conduct a three-year preliminary study by 2018 to review the feasibility of constructing SMART reactors in Saudi Arabia. “The agreement is expected to open opportunities for South Korean firms to participate in Saudi Arabia's nuclear reactor project,” An Chong-bum, Park's senior secretary for economic affairs, was quoted as saying by Korea Herald. The two sides also agreed to introduce South Korea's vision of a creative economy aimed at nurturing creative ideas and assimilating them with ICT, science and technology and other industries. On the business level, representatives agreed to establish a medical center specializing in women's cancer and a pharmaceutical industry complex. The two leaders reviewed bilateral relations and discussed aspects of cooperation between the two friendly countries in all fields in addition to ways of enhancing them.