"Abu Dhabi Chamber" It hosts a forum "Expanding the prospects for trade between Abu Dhabi and Korea"

Abu Dhabi, September 22 / WAM / The Abu Dhabi Chamber of Commerce and Industry hosted a forum for “expanding the prospects for trade between Abu Dhabi and Korea”, in cooperation with the Korean International Trade Association, with the aim of opening broader horizons for joint commercial and investment opportunities.

The convening of the forum in Abu Dhabi comes in light of the continuous growth in the volume of trade exchange between the UAE and South Korea, which increased by 11% compared to 2023 to 84.7 billion dirhams by the end of the year 2024.

While the non -oil trade between the Emirate of Abu Dhabi and South Korea witnessed in the same period by 42.5%.

During the past year, the UAE exports to South Korea witnessed a remarkable increase by 10% to reach 66 billion dirhams, while imports from Korea increased by 14% to 18.7 billion dirhams.

The Abu Dhabi Chamber of Commerce and Industry recorded a growth in the number of South Korean companies affiliated with its membership by 11.1% in 2024 compared to 2023, which reflects the growth of the emirate’s position as an attractive regional and international center.

UAE companies in South Korea are active through more than eight main sectors, including retail and wholesale trade, information and communications technology, ports operation, shipping and storage, as well as advanced manufacturing sectors.

His Excellency Ali Muhammad Al -Marzouki, Director General of the Abu Dhabi Chamber, His Excellency Yoon Jin Seick, President of the Korean International Trade Association, stressed the importance of consolidating economic partnerships between Abu Dhabi and Korea, and the role of innovation and diversification in opening new horizons for trade and investment and enhancing the presence of the private sector in regional and global markets.

For his part, Al Marzouqi said that the forum embodies the commitment of the Abu Dhabi Strategic Chamber to enable global partnerships that enhance growth and expand the prospects for cooperation and support the ambitions of the private sector, stressing that cooperation with the Korean International Trade Association reflects the common vision of innovation and diversification and enhances the position of Abu Dhabi a leading platform for Korean companies seeking to expand their presence in regional and international markets.

The Abu Dhabi Chamber of Commerce and Industry includes in its membership more than 158,000 companies, which makes it an influential and effective voice for the private sector in the emirate, and plays a pivotal role in representing the interests of the business community, by calling for policies and legislation that reflects the economic reality and enhances the competitiveness of the business environment, in order to keep pace with the aspirations of investment and sustainable growth.

Through its cooperation with the Korean International Trade Association, which includes more than 73,000 members, the Chamber contributes to building a strong bridge between the business community to open new horizons for investment and innovation, based on the vital economic system in Abu Dhabi and its role is an engine for international expansion, and this is in line with the room’s strategic road map in promoting economic diversification and raising the standards of excellence across the private sector in the emirate.

The forum included dialogue sessions led by experts, organized bilateral meetings, and follow -up sessions aimed at converting dialogue into practical results.

The forum witnessed a paragraph dedicated to direct communication between Emirati and Korean companies to explore joint projects and new cooperation opportunities.

For Abu Dhabi’s companies, the forum represents an important step towards entering one of the most dynamic markets in Asia, strengthening the commitment of the Abu Dhabi Chamber to enable its members to grow with confidence and expansion globally.

The Emirate of Abu Dhabi continues to enhance its position as an attractive center for Korean investments, by attracting an increasing number of partnerships and joint projects in strategic sectors that include energy, advanced manufacturing and technology.

Many Korean companies initiated their operational operations in the emirate, taking advantage of the advanced infrastructure and the flexible organizational environment that allows the ease of business and expanding the scope of investment.

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