We continue to consolidate partnerships to stimulate mutual economic growth

His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and President of the Republic of Korea, Lee Jae-myung, witnessed the business roundtable meeting in the capital, Abu Dhabi, which aims to enhance economic cooperation between the United Arab Emirates and the friendly Republic of Korea.

A number of ministers, senior officials, and representatives of investment and industrial institutions and major companies in both friendly countries participated in the event, which was jointly organized by the Ministry of Foreign Trade, the Abu Dhabi Chamber of Commerce and Industry, and the Federation of Industries of the Republic of Korea.

At the beginning of the meeting, His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan welcomed President Lee Jae-myung and his accompanying delegation to the UAE, expressing his sincere wishes that this visit will achieve its desired goals and contribute to continuing to strengthen bilateral relations between the two friendly countries.

During the meeting, His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan stressed that the UAE, with the vision and directives of its wise leadership, is moving forward in consolidating development partnerships to stimulate mutual economic growth with friendly countries that share the same future visions based on achieving comprehensive development and ensuring a more sustainable and prosperous future for future generations. His Highness pointed out that strengthening international cooperation, consolidating trade and investment relations, and exploring partnership opportunities in promising sectors It forms a basis for achieving these common visions and ambitions.

His Highness also stressed that the established strategic partnership between the UAE and the Republic of Korea is a pioneering model to be emulated in international relations, given the rapid qualitative developments it has witnessed over the past years, thanks to the two countries’ joint commitment to achieving mutual interests, and its reliance on the system of agreements concluded between the two sides, most notably the Comprehensive Economic Partnership Agreement, which was officially signed in May 2024.

His Highness pointed out that this important agreement paves the way for a new phase of bilateral economic, trade and investment cooperation, and enhances paths of mutual growth by removing trade barriers and expanding the horizons of partnerships between the public and private sectors in both countries, stressing the importance of continuing to push this partnership towards broader horizons of cooperation and coordination, for the benefit and prosperity of the two friendly peoples.

From the Emirati side, the meeting was attended by Khaldoun Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, Managing Director and CEO of the Mubadala Investment Group; Mohammed Hassan Al Suwaidi, Minister of Investment; Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade; Saeed Mubarak Al Hajri, Minister of State, and Saif Saeed Ghobash, Secretary General of the Executive Council of the Emirate of Abu Dhabi and Head of the Office of the Crown Prince in the Court of the Crown Prince of Abu Dhabi, along with a number of senior officials and businessmen from various major sectors.

The Korean side was represented by a number of senior officials from members of the official delegation accompanying the Korean President, in addition to representatives of a number of vital sectors in the Republic of Korea.

The business roundtable meeting between the UAE and the Republic of Korea witnessed a review of the investment opportunities available in both countries, where each party provided an introductory presentation on the investment enablers and opportunities available with the aim of strengthening economic relations between the two countries.

During the meeting, representatives of the Emirati side called on the Korean business community to benefit from the investment environment conducive to expansion and growth in the UAE, especially in the industrial sector, which is witnessing qualitative transformations under the umbrella of the ambitious strategic plan, “Project 300 Billion,” which aims to enhance the sector’s contributions to the country’s gross domestic product from 133 billion dirhams to 300 billion dirhams by 2031.

The Business Roundtable meeting also witnessed a group of bilateral sessions between Emirati companies and their Korean counterparts working in the same field according to the investment specialization in each sector.

It should be noted that intra-oil non-oil trade between the UAE and the Republic of Korea continues its continuous growth, recording $6.6 billion in 2024, a growth of 11.4% compared to 2023, and a growth of 17.8% and 40.8% compared to the years 2022 and 2021, respectively, and continued to flourish in the first half of 2025, recording $3.14 billion. Dollar.