DIFC Governor hosts Mayor of SeoulPress Release23 Jan 2007 03:47 pm
- Talks focus on UAE-Korea trade ties
- First visit to Dubai by Seoul Mayor
His Excellency Dr. Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC), today welcomed Mr. OH Se Hoon, Mayor of Seoul, South Korea, to the DIFC. The meeting focused on the economic and trade relations between the UAE and South Korea, with emphasis on the growing trade between the two countries.
This is Mayor OH Se Hoon’s first visit to Dubai , following an invitation from the DIFC Governor, and comes after Dr. bin Sulaiman’s visit to Seoul in November 2006, when he spoke at the Seoul International Business Advisory Council.
Welcoming the Seoul Mayor to the DIFC, the Governor said: “It gives me great pleasure to welcome Mayor OH Se Hoon to the DIFC. As the world’s fastest-growing financial centre, the DIFC sees great potential in its expanding the scope of its relationship with Seoul, which has established itself as a business hub for Northeast Asia and the wider region.”
He continued: “Since taking office, Mayor OH Se Hoon has often expressed his vision of making Seoul one of the top 10 global cities. This visit reflects the growing significance of Dubai and the DIFC to Korea, and we look forward to working closely with Seoul to further grow this relationship.”
Bilateral trade relations between the UAE and the Republic of Korea witnessed significant progress last year, reflected by the increase in the volume of trade, which stood at $13.1 billion during the period from January to October 2006, as well as by the visits made by public- and private-sector leaders and high-ranking officials from the two countries. The UAE and Korea have also signed important bilateral agreements and memoranda of understanding, as well as agreeing on the completion of other key agreements in the near future.