Sharjah Chamber, S. Korea explore ways to boost economic ties

The Sharjah Chamber of Commerce and Industry (SCCI) has discussed ways to improve economic cooperation and commercial relations between Sharjah and South Korea with the Consulate-General of the Republic of South Korea in Dubai.

The discussion was a result of Mr. Moon Byung-Jun, Consul-General of South Korea visiting the SCCI headquarters, where he was received by Mr. Mohammed Ahmed Amin Al-Awadi, Director-General of the Chamber, and Ms. Fatima Khalifa Al Mokarrab, Director of International Relations Department at the Chamber.

The meeting highlighted the depth of UAE-South Korean relations, with the latter being one of the UAE’s and the Emirate of Sharjah’s most important commercial partners. They also addressed ways to help successful collaborations, as well as investment opportunities in information technology, healthcare, tourism, and culture.

The UAE is the largest market for South Korean exports in the GCC and the fourth largest market for South Korean imports in the region, with a total trade volume of $9.4 billion reached in 2020.

“We are keen to attract investments, build commercial partnerships, and promote the rewarding opportunities available in various economic sectors in Sharjah. Also to provide enormous incentives and benefits to attract businessmen from worldwide to maintain the pioneering position of the emirate as a prominent economic hub both regionally and globally.”

The South Korean Consul-General emphasized the importance of South Korean companies participating in Expo Centre Sharjah exhibitions such as SteelFab, the Watch & Jewellery Middle East Show (WJMES), and other cultural events held by Sharjah, which is a regional leader in this field.

Mr. Byung-Jun, in turn, thanked the Chamber and expressed his desire to extend the existing cooperation with the Chamber to enhance mutual trade and investment relations.

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