Sign in
President Sheikh Mohamed bin Zayed Al Nahyan met with two Korean business delegations during his two-day visit to Korea, Wam reports. The meeting saw the president discuss with major company representatives and entrepreneurs company growth trajectories, diversification, and business challenges. President Sheikh Mohamed emphasized that the UAE is committed to creating a “supportive environment” for investment by providing companies with “robust infrastructure and favorable regulations.” The meetings saw participation from businesses including Samsung Electronics, SK Group, and Hyundai Motor Group, Reuters reports.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
WATCH THIS SPACE- Investment and cooperation agreements coming? The agreements that will be signed during the visit will provide companies in both countries with investment and cooperation opportunities, “heralding a new era in economic relations,” the president said.
Foreign Trade Minister Thani Al Zeyoudi called on Emirati and Korean private investors to leverage and boost economic cooperation between the two countries during the UAE-Korea Business and Investment Forum in Seoul, which concluded yesterday, Wam reports. Held in tandem with the president’s two-day visit, Al Zeyoudi led a high-level delegation of 60 Emirati public and private sector representatives at the forum, which featured sessions on clean energy, innovation in ICT, and streamlining trade logistics.
Al Zeyoudi also met with Korean Trade Minister Inkyo Cheong to discuss building on the strong non-oil trade between UAE and Korea, which reached USD 5.3 bn in 2023, and exploring new avenues for cooperation.
OTHER DIPLOMACY NEWS-
- Dubai Media Council Chairman Ahmed bin Rashid Al Maktoum met with Yemeni Prime Minister Ahmed Awad bin Mubarak on the sidelines of the Arab Media Forum to discuss the role of media in raising public awareness and fostering dialogue. (Wam)
