UAE president to land South Korea to strengthen cooperation

Seoul: United Arab Emirates (UAE) President Mohamed bin Zayed Al Nahyan will make a state visit to South Korea for a summit with President Yoon Suk Yeol and meetings with business leaders to discuss ways to expand cooperation in energy, defense, and other areas. This marks the first time a UAE president has visited the country to enhance bilateral relationships.

Four Air Force fighter jets will escort the UAE's presidential jet, and Yoon will host a welcome dinner. On Wednesday, an official welcome ceremony will feature an air show by the Air Force's Black Eagles aerobatic team and traditional performances. Yoon and Mohamed will then hold a summit to discuss cooperation in sectors that include energy, defence and investment.

During the two-day visit, the UAE President is expected to meet business leaders, including Samsung Electronics Co. Chairman Lee Jae-yong, Euisun Chung of Hyundai Motor Group and Chey Tae-won of SK Group, according to industry sources. Yoon made a state visit to the UAE in January 2023, the first such visit by a South Korean leader since the two countries established diplomatic ties in 1980.

During the summit, Mohamed announced his country's plan to invest $30 billion in South Korea and signed 13 memorandums of understanding covering energy, arms and climate change, among other sectors.

Source: IANS