Emirati-Korean to develop Abu Dhabi industrial zone
The UAE-based company "A G" announced the signing of a strategic partnership with the South Korean investment firm "Akker" to explore the creation of a specialized industrial zone for Korean industries in Abu Dhabi, with investments exceeding one billion dollars. The announcement coincided with a visit by a high-level Korean delegation and included the signing of 15 memoranda of understanding with multiple Korean companies, aiming to establish more than 25 factories in the initial phase. This collaboration reflects the growing economic ties between the UAE and Korea and aims to enhance Abu Dhabi's status as a global industrial and investment hub.
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