ABU DHABI — President Lee Jae Myung expressed his hope for stronger bilateral financial cooperation with the United Arab Emirates, saying that the nation might play a job as a “base camp” for Korea’s efforts to forge and strengthen its financial footholds within the Center East.
Lee made the remarks throughout a gathering with Korean residents within the UAE after he arrived within the nation earlier within the day for a three-day state go to. He’s set to have summit talks with UAE President Mohamed bin Zayed Al Nahyan on Tuesday.
“As we have to make our (financial) inroads into Africa, Europe and the Center East, the UAE might play a job as a base camp (for Korea) within the Center East,” he stated. “With the 2 nations becoming a member of palms, we are going to certainly open a brand new path for shared prosperity.”
Lee stated that the bilateral relationship ought to transcend that of “brotherly nations” to turn into an “financial group” wherein the 2 nations work collectively on analysis and manufacturing and make financial inroads collectively into third-country markets.
The president identified that the 2 nations have commonalities, provided that they’re surrounded by highly effective neighboring nations, with their geographical areas having enabled them to play a job as a “bridge” amongst nations. In addition they have made financial developments regardless of difficulties, he added.
Lee stated that Korea has grown right into a democratic and economically profitable nation, whereas the UAE has moved past being an oil-rich financial system by investing in renewable vitality, nuclear energy, and superior applied sciences.
“If the way forward for Korea and the UAE merges right into a single imaginative and prescient, it should create huge synergy and open a completely new path,” he stated.
Lee additionally highlighted the rising recognition of Korean tradition within the UAE — not solely in music, dramas, and movies, but additionally in meals, magnificence, and medical companies.
“I imagine Korean tradition has immense potential,” he stated. “I count on it to unfold globally via the UAE, extending into Africa, the Arab world and past.”
