He received the President of South Korea and witnessed the signing of agreements and memoranda of understanding

Mohammed bin Rashid: UAE-Korean relations have made quantum leaps in vital sectors

• Mohammed bin Rashid and Moon Jin during the signing of agreements and memoranda of cooperation between the UAE and South Korea.

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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stressed the depth of the strategic partnership between the UAE and the Republic of Korea, in light of the continuous development and growth of the strong relations between the two countries, which reflects the keenness of the leadership of the two countries to develop and strengthen these relations. Effective interdependence and communication, stressing that the UAE is the first Arab trading partner for Korea.

His Highness said: "The UAE enjoys a strategic partnership with the Republic of Korea, and this partnership has provided many opportunities to enhance cooperation in multiple fields, including economic and trade cooperation and food security, in addition to cooperation in the fields of health, culture, space, energy and tourism."

His Highness added: "We are proud of the level of progress and cooperation between the two countries in implementing major joint strategic projects between the two sides, including the Barakah Nuclear Power Plant project, which is the most prominent form of close cooperation and the largest relations in its history, which is being held for the first time in the Middle East, Africa and South Asia." .

His Highness continued, "The Emirati-Korean relations have made qualitative leaps in a number of vital sectors, and we will work during the next stage to establish a more prosperous phase for bilateral cooperation between the two countries and create pathways for exchanging development opportunities and highlighting priority sectors, and drawing and formulating clear plans to develop aspects of cooperation in the fields." of common interest to achieve the hoped-for progress of economic cooperation relations between the two countries.”

This came during the reception of His Highness, Vice President and Prime Minister of the UAE and Ruler of Dubai, at the headquarters of "Expo 2020 Dubai", yesterday, the President of the Republic of Korea, Moon Ji-N, who is currently visiting the country, and the accompanying delegation.

His Highness welcomed the guest president, expressing his hope that his visit to the country will be crowned with good results that will strengthen the relations of friendship, cooperation and partnership between the UAE and the Republic of Korea at various levels.

For his part, the Korean President stressed the depth of friendship and cooperation between his country and the UAE, thanking His Highness, Vice President and Prime Minister of the UAE and Ruler of Dubai, for the generous hospitality and warm reception given to him by His Highness, which confirms the strength of the friendship ties that unite the leaderships of the two countries. The two friends, and keenness to develop future relations between them, praising the high-level organization of this exceptional session of the “Expo 2020 Dubai” exhibition, the largest in its history, which is being held for the first time in the Middle East, Africa and South Asia, stressing that this gathering in Dubai is a strong base It is essential to move towards a prosperous future with innovation and progress in all fields, for the benefit of all mankind.

Agreements and Memoranda of Understanding

His Highness and the Korean President witnessed a number of agreements and memoranda of cooperation, including a memorandum of understanding between the UAE Ministry of Defense and the Department of Defense Acquisition Program of the Republic of Korea regarding medium and long-term cooperation in the fields of defense industries and defense technology.

His Highness also witnessed the signing of three memorandums between the Tawazun Economic Council and the Korean authorities and companies, including a memorandum of understanding with the LIG NEX1 company, and another memorandum of understanding between the Tawazun Economic Council and the “Hanwha” system. .

His Highness, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the Korean President attended the signing of three agreements between ADNOC and a number of Korean entities and companies, including a framework agreement between Abu Dhabi Petroleum Company and the Korean Export-Import Bank, and a joint study agreement between ADNOC and a company KNOC Oil and SK Hydrogen Gas - Ammonia. The third agreement was between ADNOC and KNOC Oil Company regarding the shipment of ammonia.

The reception and signing of the agreements were attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and Lt. General H.H. Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy The Prime Minister and Minister of Presidential Affairs, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Supreme Chairman of the Emirates Airline Group, His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, and Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence.

Emirati-Korean relations extend for more than 41 years, and are currently witnessing great momentum at the governmental and private levels, and diversification in economic cooperation activities at all levels, while the volume of non-oil trade exchange between the two countries amounted to $4.8 billion in 2020.

• $4.8 billion, the volume of non-oil trade exchange between the UAE and South Korea in 2020.

Deputy Head of State:

• "The strategic partnership with the Republic of Korea has provided many opportunities to enhance cooperation in various fields."

• "We are proud of the level of progress and cooperation between the two countries in implementing major joint strategic projects between the two sides."

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