The Korean internet giant will establish a Middle Eastern subsidiary in Saudi Arabia within the year, aiming to collaborate with the state in various sectors.

Naver will set up a Middle East unit in Saudi Arabia by the end of this year as the Korean internet service giant explores business opportunities in artificial intelligence (AI), digital twin and other national digitization projects being pursued by Arab nations.

Dubai, UAE: Rheem Middle East, a leading manufacturer of innovative and energy-efficient air conditioning and water heating solutions, has opened its new regional headquarters (RHQ) in Riyadh, Saudi Arabia. This move reinforces Rheem's commitment to investing in one of its key markets, and is set to further accelerate its growth across the region.

Naver Corp., the operator of South Korea's leading internet portal, said Monday it has plans to establish a Middle Eastern unit in Saudi Arabia within this year as part of efforts to expand its global business.