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Home » Dubai Chambers signs MoU with Invest Seoul to enhance cooperation

Dubai Chambers signs MoU with Invest Seoul to enhance cooperation

by Madaline Dunn

Dubai Chambers has announced the signing of a Memorandum of Understanding (MoU) with Invest Seoul, a South Korean investment promotion agency, aimed at enhancing the investment and trade opportunities available to the private sector in Dubai and Seoul.

The MoU will promote collaboration in organising trade missions, conferences, and business events dedicated to sharing expertise and knowledge, and aims to develop partnerships between the business communities in Dubai and Seoul.

His Excellency Faisal Juma Khalfan Belhoul, Vice Chairman of Dubai Chambers, commented: “Dubai Chambers is focused on providing our members with new growth opportunities in key strategic markets around the world and attracting investment and expansion to Dubai. Our cooperation with Invest Seoul will contribute to the development of diverse trade and investment prospects for the private sector in both markets. We look forward to fostering partnerships with the Seoul business community in promising sectors to strengthen bilateral relations and drive mutual growth and prosperity.”

His Excellency added: “With its advanced logistics capabilities and infrastructure, favourable business environment, and culture of innovation, our city is perfectly positioned to serve as a hub for growth in the region and beyond. We are committed to supporting South Korean companies in capitalising on promising opportunities in Dubai and leveraging the emirate’s competitive advantages to drive their global expansion, as well as providing comprehensive assistance to local companies seeking to do business in South Korea.”

The MoU was signed at Dubai Chambers’ headquarters in the presence of representatives from both cities, including Oh Se-hoon, Mayor of the Seoul Metropolitan Government, and His Excellency Faisal Juma Khalfan Belhoul, Vice Chairman of Dubai Chambers. 

Dubai Chambers also signed an MoU with the Korea Federation of SMEs (KBIZ) to build connections between the business communities in Dubai and South Korea and encourage company partnerships.

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