Strengthening cooperation between the UAE and South Korea in the "hydrogen" economy

The Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Korean International Trade Association "KITA", organized a round table meeting between the business environment of Emirati and South Korean companies specialized and concerned in the renewable energy and green hydrogen sectors..in conjunction with the activities of the global energy event "Abu Dhabi Sustainability Week 2022".

The meeting was attended by the President of the Republic of South Korea, Moon Jae-in, who is currently visiting the country on an official visit, as well as the Minister of Energy and Infrastructure Suhail bin Mohammed Faraj Faris Al Mazrouei, the President of the Federation of UAE Chambers of Commerce and Industry, President of Abu Dhabi Chamber Abdullah Muhammad Al Mazrouei, and Chairman of the Board of Directors of the Association Korean International Trade / KITA / Christopher Coe, and a number of officials and representatives of major Emirati companies involved in the energy and technology sectors, led by Mubadala Investment Company, Abu Dhabi Company, Abu Dhabi National Oil Company “ADNOC” and Abu Dhabi Holding Company .. and a number of Emirati and Korean businessmen.

In an opening speech, Al Mazrouei stressed that the UAE seeks to expand its partnerships with South Korean companies, taking advantage of the success it has achieved in cooperation with South Korea in many vital fields such as nuclear energy, oil, gas and technology, pointing to the UAE's tireless efforts to make the hydrogen sector an essential part. In achieving its ambitions to develop the future energy sector, and its relentless quest to open broad horizons for more joint cooperation with the friendly Republic of South Korea.

Al Mazrouei explained that the UAE believes that cooperation with a country with extensive and long experience in adopting advanced technology solutions, such as Korea, is critical to achieving the desired success it seeks to achieve.

In his speech during the meeting, the President of the Federation of UAE Chambers of Commerce and Industry, President of the Abu Dhabi Chamber, Abdullah Muhammad Al Mazrouei, on behalf of the Federation of Emirates Chambers, welcomed the participation of His Excellency President Moon Jae-in in the meeting, which reflects the interest of the Korean leadership and its keenness to advance economic relations between the UAE The Republic of South Korea is friendly in various fields.

He also thanked all the organizers, especially the Korea International Trade Association (KITA), for encouraging them to hold the meeting on the hydrogen economy sector, which has become an important role in enabling international strategies aimed at reducing carbon emissions, achieving sustainable development, and enabling the global transition to energy sources.

This confirms that the world has begun to recover, and continues to focus on economic sustainability.

He added that the UAE is characterized by abundant natural resources and capabilities, and possesses the infrastructure and high production capacities, which enables it to produce competitive hydrogen, which was indicated by an international report published under the title "The UAE's Role in the Global Hydrogen Economy" recently. He stressed the importance of hydrogen as a future fuel, and the strong start of the UAE to benefit from its current assets to take a leading role in this market.

Al Mazrouei stressed that the Federation of Emirates Chambers is fully prepared to cooperate with the Korean International Trade Association (KITA) and various leading companies on both sides that are interested in investing in the important and promising hydrogen economy sector. He pointed out the importance of the meeting, which represented an exceptional opportunity for the participants to get acquainted, exchange experiences, explore opportunities for trade cooperation, build strategic partnerships in this field, and discuss possible ways to cooperate and work jointly to move investment in the renewable energy and green hydrogen sector, which is the new technology that will lead to a sustainable future. .

For his part, the President of the Korea International Trade Association / KITA / Christopher Koo confirmed that the aim of the meeting is to discuss ways of cooperation in the transition to the hydrogen economy, and the Emirati and Korean companies from the renewable energy and green hydrogen sectors, in the presence and blessing of His Excellency the Korean President and Emirati officials, which confirms The size and strength of economic relations between the UAE and South Korea, and moving them forward towards building strategic and ideal partnerships in the hydrogen sector.

Christopher explained that the world is currently in a race to achieve carbon neutrality and seek to move to renewable and environmentally friendly energy sources, pointing to the meeting between the two sides simultaneous with its organization with the Abu Dhabi Sustainability Week 2022 event, which comes to pave the way for a bilateral partnership in the hydrogen industry.

Follow our latest local and sports news and the latest political and economic developments via Google news