The Dubai Chamber, in partnership with the Korea International Trade Association (KITA) and the embassy of the United Arab Emirates in South Korea, organized a roundtable discussion featuring a delegation that included representatives from 25 Korean companies.
During this event, the comprehensive business ecosystem of Dubai was showcased, highlighting opportunities available to South Korean firms across various sectors. Around 60 participants attended, including representatives from 14 Dubai-based organizations and companies.
The representatives from the Dubai Chamber explored potential collaborative ventures with Korean companies operating in diverse fields, including emerging digital industries such as agricultural technology, artificial intelligence, fintech, as well as advanced technological equipment, mobility, energy, construction, and infrastructure. This reflects the wide array of opportunities for mutual cooperation between both parties.
A memorandum of understanding was signed between the Dubai Chamber and KITA during the event. The agreement was executed by Saeed Al Quraishi, Vice President of the Dubai Chamber for Digital Economy, and Gi Hyun Kim, Vice President of KITA, with the attendance of Jin Sik Yoon, Chairman of KITA.
Saeed Al Quraishi emphasized during the roundtable that Dubai offers promising growth prospects for all types of Korean businesses, including startups across all sectors, particularly in advanced technology.
He also noted that the emirate is set to host the “Expand North Star 2025” event, the largest gathering for startups and investors, organized by the Dubai World Trade Centre and supported by the Dubai Chamber of Digital Economy. This event will take place from October 12 to 15 at Dubai Harbour, providing a distinctive platform for South Korean companies to forge new business partnerships and attract investments from venture capital funds. Al Quraishi highlighted that last year’s event saw participation from 152 South Korean companies, compared to 72 companies in 2023, marking a considerable growth of 111%.