UAE to strengthen Korean trade ties

The event, which opened on June 25, concluded yesterday (June 27).

The minister discussed vital bilateral issues and the further development of trade and investment relations between the UAE and Korea, particularly the creation of joint investment projects that would benefit from the impressive economic growth of the two countries.

Al Qasimi held discussions with the Korean Minister of Land, Transport and Maritime Affairs Chung Jong-Hwan. She emphasised the importance of enhancing commercial and economic relations and encouraged the Korean private sector to take advantage of the competitive advantages offered by the UAE.

She also commented on the legislative structure required for enhanced partnerships with the Korean and global business community.

The UAE official pointed out the significant economic gains brought about by national diversification efforts away from oil, referring to several factors which reflect the diversification strategy of the UAE government, especially those related to the booming real estate investments.

The meeting was attended by UAE Ambassador to Seoul Abdulla Mohammed Al-Maainah, director of the Dubai Naturalisation and Residency Department major general Mohammed Ahmed Al Marri and director general of the Dubai Land Department H.E. Sultan Butti bin Mejren.

The UAE pavilion was the largest in the exhibition, reflecting the country’s rapid advancement in the real estate field.