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5/31/24, 3:19 PM UAE ministers and officials praise comprehensive economic partnership agreement between UAE and Republic of Korea | Emirat…
economy, with renewable energy and advanced

technology among the sectors earmarked. As Korea

seeks to deliver on its Green New Deal, which includes

commitments to generate 20 percent of the country’s

power with renewables by 2030, and as the UAE meets

its own ambitious Net Zero targets, the CEPA will provide

an important mechanism for facilitating more

investment and cooperation in this priority sector.”

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and

Advanced Technology said, “There are few countries that

possess the industrial and technological knowhow of the

Republic of Korea. Its emergence over the last three

decades as a major global economy has been driven in

large part by manufacturing exports, including

machinery, consumer electronics, cars and automotive

parts, which has helped propel its investment into the

development of an unrivalled advanced technology

ecosystem. The UAE is now fully committed to a similar

development path, and a CEPA with Korea, which follows

a series of MoUs on industrial and technological

collaboration signed in January 2023, will enable our

businesses, investors and entrepreneurs to engage with

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