UAE President arrives in Korea on a 2-day state visit

The trip was made possible at the invitation of Korean President Yoon Suk-Yeol

Published: Tue 28 May 2024, 7:35 AM

Updated: Tue 28 May 2024, 11:19 AM

By
Web Desk

Photo: Wam

President Sheikh Mohamed arrived in Republic of Korea on Tuesday (May 28) on a two-day state visit.

In a social media post, Sheikh Mohamed said the leaders will discuss ways to develop the special strategic partnership between the UAE and Korea.

The bilateral relations between the two countries are experiencing growing momentum in various fields, with the volume of the UAE's non-oil foreign trade with Korea reaching Dh19.4 billion in 2023.

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"Through economic partnership and close people-to-people ties, our nations are determined to achieve further progress that benefits all," wrote the President.

South Korea has made a direct investment of Dh8 billion to the UAE. Meanwhile, the UAE has invested more than Dh2 billion in South Korea.

The UAE is Korea's second-largest Arab trading partner, while latter is 10th in the country's non-oil trade in Asia.

Sheikk Mohamed added, "UAE-Korean relations are a distinguished model of positive and constructive relations, and the UAE is keen to expand its horizons for the benefit and development of the two friendly countries and peoples."

Following his visit to Korea, Sheikh Mohamed will then go to China on May 30, at the invitation of Chinese President Xi Jinping.

During the visit, the two leaders will discuss the bilateral relations between the two countries and opportunities for further cooperation and collaboration, especially in the economic, developmental, and cultural fields.

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