UAE-Korea Business Forum Sheds Light on High-Growth Sectors – ARN News Center

The UAE-Korea Business and Investment Forum was held on Tuesday in Seoul, on the sidelines of the official visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to South Korea.

An economic delegation composed of representatives of the Emirates’ public and private sectors took part in the event organized by the UAE Ministries of Investment and Economy in cooperation with the UAE Embassy in Seoul and the Ministry of Trade, Industry and Energy of Korea.

The forum aimed to expand the trade and commercial relations of the two nations in high-growth sectors such as energy, ICT, logistics and manufacturing.

During his speech, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, defended the potential for deeper ties between the UAE and South Korea, citing their shared vision of rules-based open trade, strategic investment and technological development.

“The UAE-Korea Business and Investment Forum will serve to strengthen bilateral ties by promoting bilateral trade, facilitating two-way FDI and strengthening cooperation in a range of economic sectors, including energy, advanced manufacturing, technology, food security and healthcare.” he said.

Dr Al Zeyoudi invited private sector companies from both countries to leverage the economic synergies of both countries, which include world-class logistics infrastructure, connectivity, ease of doing business and specialized free zones.

He highlighted the UAE’s recent commitment to $30 billion in investments in South Korea and the success of the Korean-built Barakah Nuclear Power Plant in Abu Dhabi as evidence of growing economic integration.

“The business forum allows our private sector to discover new opportunities for investment and cooperation, as well as expand and strengthen economic cooperation between our two countries. Our government will continue to support these efforts and work to ensure that bilateral relations deliver tangible results in the long term,” said InKyo Cheong, Korea’s Minister of Commerce.

Attended by over 250 public and private sector representatives, the forum featured three key sessions aimed at accelerating collaboration across key sectors, including ‘Exploring Clean Energy Partnerships’, ‘Connecting Innovation in ICT and Telecommunications’ and ‘Streamlining Trade’ : logistics, production and free trade. ‘.

The forum’s role as a platform for bilateral cooperation was highlighted with the signing of a Memorandum of Understanding between the UAE’s TECOM Group and Korea’s Meditox to enhance cooperation in areas of mutual interest.

The visiting delegation to Seoul included over 60 participants, including senior federal and local government officials, as well as representatives of major UAE companies operating in various sectors such as logistics, industry, energy, technology, healthcare, environment, agriculture, food security and financial services.