Media ININ Economy We Trust
Media IN Seoul, 13th June 2019.
The Korea International Trade Association (KITA) held a seminar on investment in the UAE Khalifa Industrial Zone Abu Dhabi (KIZAD) at the Trade Tower in Samseong-dong, Seoul, on June 11.
The seminar, held on Tuesday, was attended by around 120 major companies, private sector institutions and owners of small and medium-sized enterprises, SME, in South Korea, in cooperation with the Khalifa Industrial Zone Abu Dhabi, KIZAD, and the Industry Development Office of the Abu Dhabi Economic Department.
“KIZAD provides the best infrastructure for business revitalization, including investor support and cluster management,” said, KIZAD commercial director.
“It will be a new opportunity for Korean companies that wish to enter the Middle East market,” he added.
Abu Dhabi Department of Economic Development Director said, “Through social networking services (SNS), the popularity of Korean consumer goods such as cosmetics is increasing in Abu Dhabi,”
“Many of the countries in the Middle East are making great efforts to achieve industrial development in order to escape from excessive dependence on resources such as energy,” said Chu Min-seok, head of the Middle East and Africa Division of the Korea International Trade Association.
“I look forward to seeing Korean companies more actively enter the Middle East region, starting with KIZAD,” he said.
The business meeting aimed to showcase the promising investment opportunities available in Abu Dhabi, in light of its developed financial and legislative systems, as well as the availability of skilled labour and the incentives it provides.
