The Korea International Trade Association and the Abu Dhabi Investment Office co-hosted a webinar today to support Korean companies entering the regional market.
Held on July 7, the "Korea-Abu Dhabi Promising Economic Cooperation Sectors Webinar" provided market trends and business information aligned with the Korea-UAE Comprehensive Economic Partnership Agreement enacted in May. The program included an overview of Abu Dhabi's business environment, entry strategies for advanced manufacturing sectors, and an introduction to the Smart and Autonomous Vehicle Industry cluster.
Onoud Al Marzooqi, Head of Industry Development at ADIO, emphasized opportunities for Korean small and medium-sized enterprises in fields such as electric vehicle supply chains and precision manufacturing. The session aimed to help firms understand local procedures and incentives.
Mobility Hubs and Strategic Partnerships
Ali Al Hashmi, Head of SAVI, introduced key mobility industry hubs in Abu Dhabi, including KEZAD and Masdar City. Duyoun Kim, CEO of Alliance Campus, presented cases of Korean companies collaborating with the Abu Dhabi government on Proof of Concept projects in AI, autonomous driving, and defense.
"With the implementation of the Korea-UAE CEPA, tariffs on major items are being phased out, and cooperation between the two countries in advanced industries such as mobility, artificial intelligence, and renewable energy is attracting attention."
— Lee Sangjun, Director of International Cooperation Headquarters at the Korea International Trade Association
Alessandro Borgogna, Head of Cluster Development at ADIO, noted the emirate's commitment to expanding its industrial ecosystem.
"Abu Dhabi will actively support the investment and entry of innovative companies to expand its advanced manufacturing and smart mobility ecosystem."
— Alessandro Borgogna, Head of Cluster Development at ADIO
The organizers expressed hope that the webinar would provide companies with insights into Abu Dhabi’s investment environment and new business opportunities.
Frequently asked questions
What is the Korea-UAE CEPA?
The Korea-UAE CEPA is a Comprehensive Economic Partnership Agreement enacted in May, which phases out tariffs on major items and promotes cooperation between Korea and the UAE in advanced industries.
How can Korean companies enter the UAE market?
The Abu Dhabi Investment Office and KITA hosted a webinar to guide Korean companies on market entry strategies, particularly in advanced manufacturing sectors such as electric vehicle supply chains and precision manufacturing.
What are the business opportunities in Abu Dhabi for Korean firms?
Korean firms can explore opportunities in fields such as electric vehicle supply chains, precision manufacturing, mobility, artificial intelligence, and renewable energy, with support from Abu Dhabi's investment environment and incentives.
What is the Smart and Autonomous Vehicle Industry cluster in Abu Dhabi?
The Smart and Autonomous Vehicle Industry cluster, introduced during the webinar, is one of the key mobility industry hubs in Abu Dhabi, alongside KEZAD and Masdar City.
