It witnessed the signing of a number of agreements and memoranda of understanding.
– Mohamed Ben Rached:.
– “Emirati-Korean relations have made qualitative leaps in a number of vital sectors.”
– “The strategic partnership with the Republic of Korea has provided many opportunities to enhance cooperation in various fields.”
– “We are proud of the level of progress and cooperation between the two countries in implementing major joint strategic projects between the two sides… and we value the Korean participation in Expo 2020 Dubai.”
– $4.8 billion, the volume of non-oil trade exchange between the two countries in 2020.
DUBAI, 16th January / WAM / His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, affirmed the depth of the strategic partnership between the UAE and the Republic of Korea, in light of the continuous development and growth of the strong relations between the two countries. This reflects the keenness of the leadership of the two countries to develop these relations and to strengthen interdependence and effective communication. He made it clear that the UAE is the first Arab trading partner for Korea.
His Highness said: “The UAE enjoys a strategic partnership with the Republic of Korea, a partnership that has provided many opportunities to enhance cooperation in multiple fields, including economic and trade cooperation, food security, as well as cooperation in the fields of health, culture, space, energy and tourism.”
His Highness added: “We are proud of the level of progress and cooperation between the two countries in implementing major joint strategic projects between the two sides, including the Barakah Nuclear Power Plant project, which is the most prominent and largest form of close cooperation in its history, which is being held for the first time in the Middle East and Africa. South Asia”.
He stressed that the Emirati-Korean relations have made qualitative leaps in a number of vital sectors. He said, “During the next stage, we will work to establish a more prosperous phase for bilateral cooperation between the two countries and create pathways for exchanging development opportunities and highlighting priority sectors, and drawing and formulating clear plans to develop aspects of Cooperation in areas of common interest to achieve the hoped-for progress of economic cooperation relations between the two countries.
This came when His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received at the headquarters of Expo 2020 Dubai today (Sunday) His Excellency Moon Ji-in, President of the Republic of Korea, who is currently visiting the country, and the accompanying delegation.
His Highness welcomed the guest president, expressing his hope that his visit to the country will be crowned with good results that will strengthen the relations of friendship, cooperation and partnership between the UAE and the Republic of Korea at various levels.
For his part, the Korean President stressed the depth of the friendship and cooperation between his country and the UAE, and thanked His Highness, Vice President, Prime Minister and Ruler of Dubai, for the generous hospitality and warm reception given to him by His Highness, which confirms the strength of the friendship ties that unite the leaderships of the two friendly countries. and keenness to develop future relations between them.
His Excellency praised the high-level organization of this exceptional session of the “Expo 2020 Dubai”, the largest in its history, which is being held for the first time in the Middle East, Africa and South Asia, stressing that this gathering in Dubai is a strong and basic base for launching towards a prosperous future with innovation and progress in all fields. For the good of all mankind.
His Highness and the Korean President witnessed the signing of a number of agreements and memoranda of cooperation, including a memorandum of understanding between the Ministry of Defense of the United Arab Emirates and the Department of Defense Acquisition Program of the Republic of Korea on medium and long-term cooperation in the fields of defense industries and defense technology, signed by the UAE side, Major General Dr. Mubarak Saeed Ghafan Al-Jabri, Assistant Undersecretary for Support and Defense Industries, and from the Korean side, His Excellency Yun Ho Gang, Minister of Defense Acquisition.
His Highness also witnessed the signing of three memorandums between the Tawazun Economic Council and the Korean authorities and companies, including a memorandum of understanding with LIG NEX1 Company, which was signed by His Excellency Muammar Abdullah Hamad Abu Shehab, CEO of Tawazun Economic Council, and from the Korean side by His Excellency Hyo Nsu Lee, Executive Vice President of Tawazun Group. Global Business, and another memorandum of understanding between the Tawazun Economic Council and the “Hanhawa” system, signed by His Excellency Muammar Abdullah Hamad Abu Shehab, and His Excellency Sun Ji Al, CEO of Hanwha Systems, while the two parties signed a third memorandum of understanding between the Tawazun Economic Council and Hanwha Defense.
His Highness, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Excellency the Korean President attended the signing of three agreements between ADNOC and a number of Korean entities and companies, including a framework agreement between the Abu Dhabi National Oil Company “ADNOC” and the Export-Import Bank of Korea. His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, “CEO of the Abu Dhabi National Oil Company “ADNOC” and its group of companies,” Managing Director, and H.E. Moon Kin Bang, Chairman of the Board of Directors and President of the Export-Import Bank of Korea.. and a joint study agreement between ADNOC, KNOC Oil and KNOC SK Hydrogen Gas – Ammonia was signed by His Excellency Dr. Sultan Al Jaber from the UAE side, and from the Korean side by His Excellency Kim Dong Sub, President and CEO of KNOC, and Yoon Byung-suk, CEO of SK Gas Company, and the third agreement was between ADNOC and KNOC Oil Company regarding the shipment of ammonia.
The reception and signing of the agreements were attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, Lieutenant-General H.H. Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and H.H. Sheikh Mansour bin Zayed Al Nahyan, Vice President The Cabinet, Minister of Presidential Affairs, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Supreme Chairman of the Emirates Airline Group, H.H. Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, and H.E. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence.
The UAE-Korean relations extend for more than 41 years, and are currently witnessing great momentum at the governmental and private levels, and diversification in economic cooperation activities at all levels… While the volume of non-oil trade exchange between the two countries amounted to $4.8 billion in 2020.
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