UAE and South Korea ... A comprehensive strategic partnership

The UAE is the second leading oil exporter to South Korea and the second leading importer of South Korean products in the Middle East.

Economic cooperation is one of the key areas of the strategic partnership, and the value of trade between the two countries amounted to $5 billion at the end of 2019, and Emirati markets are the largest global destination for Korean construction companies.

Both countries have also cooperated in the field of micro, small and medium-sized enterprises, MSMEs, and have exchanged expertise in this area with South Korea accounting MSMEs for 99% of Korean companies and number over 3 million.

Massimo Falcioni 

CEO of Etihad Credit Insurance (ECI)