Page 235 - MOE ENGLISH PR - MAY 2024

5/31/24, 3:19 PM UAE ministers and officials praise comprehensive economic partnership agreement between UAE and Republic of Korea | Emirat…
leadership to expand investment opportunities and

unlock promising business prospects for the private

sector. This agreement reinforces the UAE's global

position as an attractive hub for foreign direct

investments, strategic partnerships, and a pivotal player

in international trade”.

He added, “This agreement signifies a strategic

milestone, fostering new avenues for economic,

commercial, research, and technological collaboration

with one of the world's most prominent economies,

valued at $1.7 trillion in 2023. It will be welcomed by the

business community as it helps link our investors to

engage in high-potential projects that are crucial for

promoting sustained growth. We eagerly anticipate the

increased flow of goods and services between our ports

and free zones, alongside new investments and

collaborative endeavours that leverage the UAE’s

strategic location at the crossroads of global trade

routes”.

The Republic of Korea has achieved remarkable

economic growth, with real gross domestic product

https://wam.ae/en/article/b3eas3x-uae-ministers-and-officials-praise-comprehensive 9/10