Now to the latest on President Park's four-nation tour to the Middle East.<br />On Tuesday, she held talks with the king of Saudi Arabia and signed a number of deals... to expand the two countries' economic cooperation, for example, in the nuclear energy and health care sectors.<br />Arirang's presidential office correspondent Choi You-sun has more.<br /><br /><br />"Even though it's the biggest supplier of oil to Korea,... Saudi Arabia is seeking new non-oil energy sources for its rising domestic power demand. Riyadh plans to build a dozen or more nuclear reactors that can generate 18 gigawatts of electricity by 2040."<br /><br />At Tuesday's summit between President Park Geun-hye and King Salman, Seoul and Riyadh signed a deal to jointly invest into studying the prospect of building at least two of Korea's small 100-thousand-kilowatt nuclear reactors in Saudi Arabia.<br />When the reactor construction is finalized after 2018, Korea expects a two-billion-dollar order and the world's first export of a small to mid-sized nuclear reactor.<br />Nicknamed SMART, for its name System-Integrated Modular Advanced Reactor, the multi-functional reactor is about one-tenth the size of the more common type of reactor, and can be used to generate electricity and desalinate seawater.<br />President Park anticipated entering the global market with Saudi Arabia, after constructing the reactors in the Arab country, then exporting them together to a third country. <br />Korea also signed an agreement to share policies related to President Park's creative economy model in the form of innovation-based startups and centers to support them.<br />Korea's SK Telecom, which runs one of the government's innovation centers, separately sealed a deal with a Saudi telecommunications company, to export the conglomerate-government-startup-institute cooperative model to the Arab nation.<br /><br /><br />"Many state leaders have identified with our creative economy model and they've expressed an interest in forging a creative economy partnership."<br /><br /><br />Korean health care firm
