Dubai - His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, is in South Korea.
Shaikh Mohammad and the Korean President witnessed on Wednesday, the signing of an agreement between ADNOC and SKEC to build the world's largest crude oil storage facility in Fujairah. Costing Dh 4.4 billion and will have a capacity of 42 million barrels.
Shaikh Mohammad bin Zayed and the Korean President attended today the signing of a number of MoUs aimed at enhancing strategic cooperation between the two countries. The agreements include political and economic deals as well as those covering tourism, agriculture, the environment, industry, modern technology & energy.
"I have arrived in South Korea, a country with which we have strong strategic ties. We look forward to opening new horizons of cooperation and forging constructive partnerships," Shaikh Mohammad Bin Zayed stated in a tweet on Tuesday.
Shaikh Mohammad Bin Zayed's third stop on Tuesday was at the Korean National Assembly. He tweeted: "I am pleased to visit the Korean National Assembly and meet with its leaders. Parliamentary relations are an important part of the close relationship between our friendly countries and peoples."
Shaikh Mohammad Bin Zayed's second was at Samsung Semiconductor Research & Development Center which was founded in 1999 in Seoul. The Company's line of business includes providing telephone voice and data communications services.
His Highness tweeted "During my visit to the Samsung Semiconductor Research Center, I was very interested in expanding our cooperation with Korean companies and taking advantage of their expertise in innovation and the use of artificial intelligence."
His Highness Shaikh Mohammdd bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, started his visit today to South Korea with a visit to the National Memorial of Seoul.
Shaikh Mohammad Bin Zayed tweeted “I visited the Memorial Tower at the Seoul National Cemetery, a landmark which honours the sacrifices made by the Korean people which were instrumental in the country's breakthrough towards progress, success and leadership.”
The UAE and South Korea are looking at cooperation in various fields such as 5G technology, information technology, security and defence, according to an official announcement by South Korean President Moon Jae-in's office.
The UAE-South Korea relations go back almost 40 years.
Korea Electric Power Corporation (KEPCO), a state-owned energy company, won a $25 billion contract to build the UAE's Barakah Nuclear Power Plant, the first such facility in the Middle East.