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FINANCIAL NEWS
UAE, Korea trade to rebound by 2017
13 Oct 2016
(MENAFN) UAE, Korea trade ties will rebound soon by 2017, given the huge investments in key economic sectors, like the real estate projects and nuclear power reactors.
The Korean Food Festival brought a huge variety of Korean foods, beauty and fashion products and services, which is estimated between 12.000-13.000 Koreans reside in UAE.
Moreover, the trade between both countries is estimated at USD23bn so far, while they have inked some strategic ties including nuclear power plant and health services.
Recently, almost 200 plus Korean firms are operating in the UAE and it is expected a surge in the number by the coming year, especially in SMEs sector.
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