Emirati-Korean partnership to develop Abu Dhabi industrial zone
The UAE-based "A.G." company has signed an agreement with Korea's "Akeur" Investment Company to study the establishment of an industrial zone in Abu Dhabi focused on Korean industries, aiming to enhance economic cooperation between the two countries. The agreement includes the signing of 15 memoranda of understanding, with a plan to host more than 25 factories with investments exceeding one billion dollars in the initial phase. The initiative seeks to strengthen Abu Dhabi's position as a developed industrial investment hub. This move is part of the country's efforts to diversify its economy and attract high-quality investments, also highlighting the advancement of Korean industries in fields like artificial intelligence and healthcare technologies.
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