His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said that the UAE is keen to create all the conditions for encouraging and supporting foreign investments, especially the Korean investments which witnessed a remarkable development during the past years. Technology, innovation and education are particularly important in its relations with Korea, and there is constructive cooperation between the two countries in the areas of artificial intelligence, the fourth industrial revolution and energy, and others, and expressed confidence that this cooperation will benefit the two countries and will witness further development During the coming period.
HH the Emir expressed the UAE's support for the positive role played by Korea in promoting peace on the Korean Peninsula and in serving the stability of the Asian continent in general. He stressed that the UAE and Korea adopt the same approach in working for peace and development, calling for tolerance, coexistence and rejection of extremism. And violence at the regional and global levels.
The two sides discussed the strategic relations of friendship and cooperation between the two countries, and the potential of their development and enhancement to serve their mutual interests, in addition to the regional and international issues and developments of mutual concern.
During the official talks held by the two sides at the Presidential Office (Blue House) in Seoul, the Korean president welcomed the visit of His Highness Sheikh Mohammed bin Zayed Al Nahyan to Korea and expressed his hope that the visit will contribute to advancing the UAE- In all vital areas, to which countries aspire.
During the meeting, the two sides reviewed the paths and aspects of investment, economic and trade cooperation between the two countries, in addition to the fields of education, culture, technology and science, as well as renewable energy, infrastructure and promising future opportunities to develop cooperation to achieve the interests of both countries and their friendly peoples.
The two sides also discussed their joint cooperation in the implementation of the UAE's peaceful nuclear project to produce energy, ensure its future security and sustainability and the role of Korean companies in implementing such vital development projects in the country, which meet the requirements of the current and future stages.
During the meeting, His Highness the President and the President of the Republic, Mr. John Jay, addressed the visit of His Holiness Pope Francis Baba to the UAE and the values and meanings of tolerance, coexistence and cooperation that the State seeks to promote and consolidate among the various peoples of the world.
His Highness Sheikh Mohammed Bin Zayed Al Nahyan stressed the importance of the UAE under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, for its relations with the friendly Republic of Korea and its keenness to develop, develop and push forward in all fields. President of Korea, greetings of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, and wishes Korea and its friendly people all the best.
He expressed his pleasure in visiting the friendly Republic of Korea, his meeting with the Korean President, his gratitude for the warm welcome and hospitality, and his satisfaction with the qualitative development in the course of the UAE-Korean relations, looking forward to further prosperity and development of these relations during the coming period.
He also expressed his appreciation for the great interest of the South Korean President and the Korean Government in developing relations with the UAE to a greater extent. This reflects the common political will of the two friendly countries' leaders to build deeper ties in the political, economic, technological and security fields.
HH praised the role played by the Korean companies operating in the UAE in the national development process. He also praised the UAE-Korean relations for further progress and prosperity.
For his part, the Korean president stressed his country's interest in expanding and diversifying its cooperation with the UAE in various fields, especially technology, science, education, health care, agriculture, economic investment and other aspects.
He expressed confidence that the relations of cooperation and joint work between the two countries will continue to grow and progress strongly during the next phase, stressing that the visit of His Highness Sheikh Mohammed bin Zayed Al Nahyan to Korea gives a strong impetus to these relations at all levels.
He said that the UAE is our largest partner in the Middle East in terms of export and trade, the only country with which we have special strategic relations, hoping to strengthen cooperation between the two countries in the advanced industries, the fifth generation, and artificial intelligence.
He drew attention to the UAE's approach and its efforts to establish peace and was hosted by the Pope of the Catholic Church in a message expressing the spirit of tolerance and peace.
The two sides stressed the keenness of the two countries to strengthen and diversify the paths of cooperation and joint action between the two friendly countries, in light of the common political will of their respective leaders, in addition to the availability of the various elements and opportunities of cooperation between the two sides, especially in the fields of science and technology, renewable energy and economic and commercial investments.
They stressed the need to redouble the efforts of the international community to achieve peace, security and stability in the region and the world, as it is the basic foundation for the development, progress and prosperity of nations. They stressed the importance of promoting and disseminating the values and concepts of tolerance, dialogue and coexistence and building bridges of communication and cooperation between the various peoples of the world.
The President of the Republic of Korea received yesterday, HH Sheikh Mohammed bin Zayed Al Nahyan, where he received an official reception ceremony upon his arrival and the accompanying delegation to the "Blue House" in Seoul.
He said that he was pleased to visit Korea, the friendly country, and to know more closely about its culture, traditions and culture. "I was delighted to meet with His Excellency President Moon Jayne, in the framework of joint efforts to advance our relations at all levels," he said. "I highly appreciate his friendship and wisdom and the most precious work with him. UAE-Korean relations are distinct and growing, and we always look forward to further development of these relations."
In addition, HH Sheikh Mohammed bin Zayed Al Nahyan and South Korean President Moon Jayn held a number of cooperation agreements between the two countries at the Blue House in Seoul. The agreements included an agreement to avoid double taxation and prevent tax evasion between my government UAE and the Republic of Korea. It also included a memorandum of understanding in the field of tourism between the Ministry of Economy of the State and the Ministry of Culture, Sports and Tourism of Korea, as well as a memorandum between the Ministry of Climate Change and the Environment and the Korean Cleaner Production Center on promoting the concepts of cleaner production and its environmental applications.
The agreements also included a memorandum of understanding between the UAE government and the Korean Ministry of Commerce, Industry and Energy on industrial and investment cooperation, a memorandum of understanding between the UAE government and the Ministry of Land, Infrastructure and Transport of the Republic of Korea for industrial and investment cooperation in the "Hydrogen Cities" And the Korea National Cleaner Production Center, on the promotion of waste recycling practices and applications.
At the end of the visit of HH Sheikh Mohammed bin Zayed Al Nahyan to Korea, the two sides stressed in a joint statement the vital importance of continuing their close cooperation in various aspects of bilateral relations to enhance their strategic partnership and achieve development and prosperity for the two countries and their friendly peoples.
The two countries also affirmed their continued cooperation in order to achieve peace and stability, consolidate the values of tolerance and coexistence, and pledged to enhance cooperation in the defense field, appraising the great steps that have been taken through the regular meetings of defense ministers of the two countries.
The two sides also stressed the importance of the role played by the aviation sector as a major industry in both countries, valuing the positive role played by the aviation sector in developing bilateral cooperation relations between the two countries.
The two sides stressed the need to achieve mutual growth in the future, enhance the current economic cooperation and affirm the role played by the two countries as pivotal countries in their regions. The two sides pointed to the distinguished trade and economic relations between the two countries. The value of non-oil trade in 2018 amounted to 841.5 Million dollars.
The two sides agreed to further strengthen these relations, especially through diversification of non-oil trade, and by looking for new opportunities in a range of developed fields. In particular, both sides stressed the importance of cooperation in higher value added industries during the Fourth Industrial Revolution.
His Highness the Crown Prince of Abu Dhabi welcomed Korea's decision to participate in the Dubai Expo 2020. President Moon emphasized the interest of Korean companies in being partners in UAE infrastructure projects in preparation for Dubai Expo and the wider development plans in the UAE.
Both sides stressed the need to expand bilateral cooperation, beyond economic cooperation, which focuses on capital and material exchanges, to promote exchanges between people and intercultural understanding.
They agreed to work closely together, and to ensure opportunities for their citizens, to increase participation in education.
Both sides expressed their determination to strengthen cooperation on global issues as partners who share the values of peace, tolerance and coexistence.
The two sides hailed the progress made on the Korean Peninsula from the path of confrontation and continued tension to dialogue and peace through the holding of three inter-Korean summits, the first summit between the United States and North Korea last year, and the second summit between the United States and North Korea. His Highness Sheikh Mohammed bin Zayed Al Nahyan expressed his hope that the dialogue for the sake of peace on the Korean Peninsula will continue to reaffirm the full support of the United Arab Emirates for the implementation of complete nuclear disarmament and the establishment of a lasting peace on the Korean Peninsula.
The two sides referred to the common threat posed by terrorism to peace and security in the world, renewing their strong condemnation of extremism and terrorism in all its forms and manifestations.
Regarding Yemen, the two leaders affirmed their support for the efforts of UN Secretary-General Kofi Annan's Special Envoy, Martin Griffith. On the humanitarian side, President Moon praised Saudi Arabia and the United Arab Emirates for launching the Imdaad initiative, which will provide $ 500 million in additional support for humanitarian needs in the food and nutrition sectors. In Yemen.
President Moon expressed appreciation for the positive role played by the UAE in supporting political solutions in the Middle East, combating terrorism and extremism, and enhancing the Arab role in solving regional problems.
He pointed out that the visit by Pope Francis to the UAE, finally, showed the potential for fostering compassion, understanding and tolerance, in the pursuit of peace in the Middle East. His Highness Sheikh Mohammed bin Zayed Al Nahyan expressed his gratitude for the hospitality he received from President Moon during his visit to Korea. His Highness the President invited the President to visit the UAE again at a time convenient for both parties. The two sides agreed to meet frequently on various occasions and discuss ways of developing Special strategic partnership.
Crown Prince of Abu Dhabi:
"The UAE gives new technology, innovation and education special importance in its relations with Korea."
• "Korea is playing a positive role, in order to promote peace on the Korean Peninsula and to serve the stability of the Asian continent."
Korean President:
• Korea is interested in expanding its cooperation with the UAE in various fields, especially technology, science and education.
• "The UAE is our largest partner in the Middle East, both in terms of exports and trade."
An agreement to build the world's largest oil storage project in the UAE
HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of the Republic of Korea Moon Jayne yesterday witnessed the signing ceremony of the contract for the execution of engineering, procurement and construction contracts between Abu Dhabi National Oil Company (ADNOC) and South Korea's SK Engineering and Construction to build the world's largest single-engine oil storage facility with a capacity of 42 million barrels of crude oil in the emirate of Fujairah on the state's east coast, worth 4.4 billion dirhams.
SK Engineering and Construction will carry out engineering, procurement and construction work to build three underground storage depots, each with a capacity of 14 million barrels. The world's largest engineering, procurement and construction contract is the world's largest single underground oil storage facility, Worth AED 4.4 billion, of which more than 50% will be in the local economy.
• UAE and Korea stress the importance of peace and stability in the region.
• Signing cooperation agreements between the two countries, including an agreement to avoid double taxation and prevent tax evasion.