A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Sunday, March 3, 2024

Ministry of Economy discusses cooperation with South Korea

(Dubai) – Abdullah Sultan Al Shamsi, Under-Secretary at the Ministry of Economy and Chairman of the Executive Global Innovation Team, and Kim Yungray, Director-General of Commercial Policies at the Ministry of Commerce and Industry of South Korea, discussed potential cooperation in advanced automotive technology during a meeting at the headquarters of the Ministry of Economy in Dubai.

They also discussed promoting cooperation to benefit from Korea’s leading experience in car automation, to support a project by the ministry to develop an advanced automotive technology centre in the UAE.

Both sides agreed to form a joint team that will include officials and experts to discuss the mechanisms of coordination and the practical future steps that are required to implement the project, including infrastructure, organisational structure, updated legislative frameworks, research, development and training, especially in engineering electric and hydrogen powered automobiles.

The meeting is a follow-up of a previous meeting that took place last week between Sultan bin Saeed Al Mansouri, Minister of Economy, and Kim Hon Tchong, Minister of Commerce and Industry of South Korea, where they have discussed potential partnerships in aviation, advanced automotive technology and renewable energy.

The Korean delegation also visited the Sharjah Research, Technology and Innovation Complex.

Al Shamsi said that the UAE has prioritised the automotive technology sector, which is a key future technology sector and is linked to three of seven sectors identified by the “National Innovation Strategy,” including transport, technology and renewable energy.

Al Shamsi stressed that the Ministry of Economy is cooperating with its partners to develop an integrated centre for advanced automotive technology in the UAE.

He added that its headquarters is expected to be located at the Sharjah Research, Technology and Innovation Complex, due to the location of Sharjah and its emphasis on developing entrepreneurship and creating a strong industrial environment.

Yungray said that Korea is keen to promote its strategic overall partnership with the UAE, while praising its leading vision of innovation and its efforts to create a knowledge-based economy.

He added that the Korea is willing to support the project, including in the creation of laws, legislation and programmes related to the automotive sector.

The meeting was attended by officials and experts from both sides.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

UAE & Turkmenistan expand Economic ties

Turkmenistan's Berdimuhamedow urges UAE collaboration in gas field development....

Crown Prince Appreciates the World Governments Summit Team

The Crown Prince Appreciates the valuable efforts of the...

WTO Promotes Consensus

The final World Trade Organization General Council meeting before...

UK and Azerbaijan celebrate growing bilateral relations

UK PM Rishi Sunak congratulated President Ilham Aliyev on...

World Government Summit brings Global leaders to Dubai

The pre-summit day of the World Governments Summit (WGS)...

HH Shiekh Mohammed bin Rashid Meets Youth

Sheikh Mohammed bin Rashid Al Maktoum met with Arab...

Shiekh Hamdan Bin Zayed Honors Environmental Achievers

His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s...

Princess Kate shares a Message after meeting HM the King

Prince William and Kate Middleton share a Children's Mental...

HM King of Sweden to visit Europe

King Frederik X of Denmark and Queen Mary will...