His Excellency Nasser Ahmed Al Sowaidi, Chairman of the Department of Economic Development in Abu Dhabi (DED) welcomed H.E. Bahk Jaewan, Minister of Strategy and Finance of Korea, and they discussed the ways of developing the financial and economic cooperation and boost the exchange of experiences between the Emirate of Abu Dhabi and South Korea, the visit comes within the framework of the third meeting of the Joint Committee between the UAE and South Korea , hosted by Abu Dhabi this week.
H.E. Korean Minister of Strategy and Finance praised the progress and development achieved by the Emirate of Abu Dhabi in the renewable energy sector, he added: "We are delighted to make this important visit to Abu Dhabi due to the exceptional economic investment potentials present at the Emirate of Abu Dhabi, these development projects illustrate that UAE is capable of keeping up with the latest scientific and technological developments, and even make its effective and meaningful contributions to international causes as well."
H.E. Chairman of the DED stressed Abu Dhabi’s keenness to promote and consolidate its economic and investment relations with South Korea through exploring the most prominent investment opportunities available for both sides.
For his part, the Korean Minister looked forward to seeing more cooperation, and promoting investment opportunities for Emirati and Korean companies, especially in infrastructure projects in Abu Dhabi. He also pointed out that Korean companies have an international reputation for their skills and outstanding capabilities, and this is what enabled them to win a lot of external contracts, especially that they are the most competitive companies in terms of price, quality and commitment to the timetable.