Dubai, Sharjah explore South Korean investment

DUBAI

Dubai Investment Development agency (Dubai FDI), an agency of the Department of Economic Development (DED), along with the Sharjah Investment & Development Authority (Shurooq) and the Dubai Multi Commodities Centre (DMCC), have conducted a business mission to South Korea to discuss opportunities in improving trade and investment exchanges between the UAE and South Korea.

Commenting on this initiative, Fahad Al Gergawi, CEO of Dubai FDI, said, “Relations between the UAE and South Korea have continued to flourish and expand to new areas since early seventies. Dubai particularly sees South Korean investment in the emirate as a fantastic opportunity to attract multi-sectoral expertise and innovations.”

The seminar included presentations on the competitive support systems available to establish and grow a business in the UAE as well as the unique ease of doing business in the country.

Earlier this year, Dubai Holding announced the launch of SmartCity Korea, extending its expertise in developing innovative technology clusters to the Far East. The project will be spread over an area of 51 million square-foot and will be strategically located between Seoul and Incheon, close to two international airports.