Economic ties between the UAE and the Republic of Korea witness robust growth
Seoul: UAE-Korea Business and Investment Forum was held in Seoul, Korea, on the sidelines of the official visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Republic of Korea, heading a high-level UAE delegation.
Abdulla Mohammed Al Mazrouei, Chairman of the UAE Federation of the Chambers of Commerce and Industry, said: “The UAE and the Republic of Korea have developed a remarkable strategic partnership, fuelled by closely aligned development ambitions that place knowledge and innovation at the heart of our futures, with investment in education and human resources a key priority. This is reflected in both increasing trade volumes and the increase in bilateral investment flows, which now span a diverse set of economic sectors, including metals, manufacturing, logistics, and information and communications technology. We look forward to expanding economic cooperation and further strengthening what is already a robust relationship.”
Dr Al Zeyoudi also held talks with Korean Minister of Trade Inkyo Cheong where the two sides discussed ways to build on the US$5.3 billion in non-oil trade the nations shared in 2023, which maintained the record levels achieved in 2022. The meeting was held in the presence of Al Mazrouei and Juma Mohammed Al Kait, Assistant Under-Secretary at the UAE Ministry of Economy for Foreign Trade Affairs.
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