Media ININ Economy We Trust
Media In – Seoul 8 May
The Abu Dhabi Investment Summit (ADIH), organized by the Abu Dhabi Investment Office (ADB) of the Abu Dhabi Economic Development Department (ADEC), will kick off on Wednesday in its annual program of 2018 to attract Korean investments to the emirate of Abu Dhabi.
The event will include a presentation by the Director of the Department of Foreign Direct Investment, Mr. Fahad Al Ahbabi, of the Abu Dhabi Investment Office (ADIH), which reflects the objectives of the Office and its main role in promoting foreign direct investment between the Emirate of Abu Dhabi and its strategic partners from friendly countries with advanced economic relations with the UAE and the UAE. generally.
The volume of non-oil trade between Abu Dhabi and South Korea until the end of 2017 amounted to 6 billion, 454 million and 980 thousand dirhams distributed over 6 billion and 332 million and 838 thousand dirhams, Abu Dhabi imports from Korea and 94 million and 557 thousand dirhams, Abu Dhabi exports to Korea and 27 million 584 thousand dirhams Re-exports from Abu Dhabi to Korea.
According to the statistical record of the Abu Dhabi Customs Department, the specifications of the goods in the non-oil trade between the Emirate of Abu Dhabi and South Korea varied between food products, beverages, liquids, tobacco, metal products, products of the chemical industry or industries, plastics and articles thereof, rubber, articles thereof, leather articles, animal articles and accessories, vegetable products, fats and oils and animal oils Articles of apparel, sound and photographic instruments and apparatus thereof, articles and equipment for the transport of optical, photographic, medical, musical instruments, Art.
South Korea’s ambassador to the country, Park Kang, said the total value of foreign direct investment between Korea and the UAE reached 16.7 billion dollars by the end of last year. He pointed out that investments between the UAE and South Korea have concentrated in the past years in the sectors of transportation, industry and construction. Expanding cooperation and economic relations with the State of Lamarat.
