According to Yonhap News,
The Ministry of Economy and Finance (MOEF) set up investment-suggesting communication channels with the UAE and held a briefing session on it at the Government Complex Sejong on June 21.
In the Korea-UAE summit in Abu Dhabi held in last January, leaders of the two nations announced an 300-billion-dollar investment deal by the UAE to Korea.
After negotiations with Mubadala Investment Company, a sovereign investor in the UAE, the Korean government and the Korea Development Bank (KDB) set up communication channels to suggest good investment opportunities in the Korean market.
They take a two-pronged approach where the KDB takes in charge of the private sector and the MOEF manages the public sector.
Investment suggestions made through the channels will be reviewed by the UAE.
In the briefing session, officials of the central and local governments and state-backed offices gathered together and discussed how far the process to draw UAE investment has gone so far and issues to be considered.
The KDB will hold another briefing session on the UAE investment attraction project soon.
encounter24@yna.co.kr
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
Source: Yonhap News (Jun 21, 2023)
*This article was translated from Korean.