Media ININ Economy We Trust
Media In – Seoul May 9,
The Abu Dhabi Investment Forum kicked off today in Seoul, capital of South Korea, organized by the Abu Dhabi Investment Office (ADADI), the Abu Dhabi Economic Development Department (ADB), in cooperation with the State Embassy in Korea, as part of its annual program to attract foreign direct investment to the emirate of Abu Dhabi.
Abdullah Saif Al Nuaimi, UAE Ambassador to South Korea, said that this forum is an opportunity to learn about the nature of the investments that characterize the Emirate of Abu Dhabi and the UAE in general.
The volume of bilateral trade between the UAE and South Korea reached 14.93 billion dollars in 2017. The total exports of the UAE to Korea reached 9.55 billion dollars, where oil is the largest commodity exported by the UAE to Korea, while the UAE imports from Korea $ 5.38 billion includes household appliances, cars, electricity and electronic equipment.
The total investment between the UAE and South Korea reached 1.85 billion dollars, while total investments reached 1.4 billion dollars while UAE investments reached 0.45 billion dollars. He pointed out that there are more than 200 Korean companies operating in the UAE and more than 11,000 Koreans living In the UAE, where it is the largest Korean community in the region.
The UAE ambassador to South Korea called on investors, businessmen and Korean business owners to take advantage of the investment opportunities offered by the UAE government in the fields of media, tourism, energy, industry, transport and logistics.
Mubadala’s investment in Japan and South Korea with government, semi-government and private sector entities in Abu Dhabi is part of the Abu Dhabi Investment Program’s direct foreign investment program, in line with its objectives of investing and implementing the principles of integrity and innovation in order to contribute to the economic growth of the Emirate of Abu Dhabi. In the long term, Japan and South Korea are strategic markets for Abu Dhabi and the UAE. “
