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South Korean businesses collectively invest over $87m in UAE

United Arab Emirates: Monday, November 28 - 2011 @ 13:16

With more than 130 leading Korean companies having set up operations in the UAE in the past 10 years, collectively investing over $87m, the UAE was one of the key topics of the meeting, focusing on initiatives to cultivate trade activities between the two countries.

Faisal Al Raisi, Managing Partner at Ideal Idea Events, organisers of MIK 2012, said: “The South Korean Ministry of Strategy and Finance has been highly supportive of the Made in Korea exhibition, which reaffirms the Korean Government’s commitment to cultivate strong trade relations with the UAE. The meeting gave us new insights that will help us establish Made in Korea as the definitive trade event for Korean products and industries. With the enthusiasm of the Korean Government to enhance trade relations with the UAE and other MENA countries, it is very important to create a dedicated networking platform that will allow Korean and Arab business leaders to interact and explore mutually beneficial business prospects in the region.”

MIK 2012 will run from May 21 to 23, 2012, at the Abu Dhabi National Exhibition Centre (ADNEC). The event will gather at least 300 high-profile Korean exhibitors from a wide range of industries including automotive, engineering, metal, hospitality, textile, electrical, chemicals, rubber & plastics, power, healthcare, ICT, media, construction, furniture, fashion and even sport.

Representatives from Korean government agencies and regulatory authorities will also be present to meet with their counterparts from the UAE and other Arab countries. Organisers also expect over 25,000 visitors during the three-day exhibition.

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Monday, November 28- 2011 @ 13:16 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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