SEOUL

South Korea is fast emerging as a key trade and investment partner of the UAE, with the huge potential for future economic partnerships signifying a strategic shift in his country’s economic relations with fast growing Asian economies, the UAE Minister of Energy, Suhail Mohammad Faraj Al Mazroui, said during a press conference held in Seoul on Wednesday.

He said that the bilateral relationship has become much more strategic over the last 10 years. “Korean firms are now important participants in many key projects in the UAE, from nuclear power to other strategic business areas. This growing relationship between the two countries will certainly benefit business in both countries,” he said.