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HomeNewsUAE and South Korea Expand Bilateral Trade.

UAE and South Korea Expand Bilateral Trade.

The UAE-Korea Business and Investment Forum, held in Seoul on the sidelines of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan’s official visit to the Republic of Korea, ended on Tuesday.

Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led an economic delegation of Emirati public and private sector representatives to the UAE-Korea Business and Investment Forum. The Forum, organized by the UAE Ministries of Investment and Economy in collaboration with the UAE Embassy in Seoul and Korea’s Ministry of Trade, Industry, and Energy, aimed to strengthen bilateral trade and commercial relations in high-growth sectors such as energy, ICT, logistics, and manufacturing.

Dr Al Zeyoudi invited the private sectors in both nations to capitalise on the two nations’ many economic synergies, which include world-class logistics infrastructure, connectivity, ease of doing business and specialised free zones. He highlighted the UAE’s recent $30 billion investment commitment to Korea and the success of the Korean-built Barakah nuclear power plant in Abu Dhabi as evidence of growing economic integration.

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