Dubai – Korea trade exchange surges to AED8.7 bn in six months

Tue 30-10-2018 01:00 AM

DUBAI, 29th October, 2018 (WAM) — Dubai trade with S. Korea grew eight percent from AED25.3 bn in 2016 to AED27.4 bn in 2017, standing at AED8.7 bn during the first six months of 2018.

The figures have been revealed during a meeting between Ahmed Mahboob Musabih, Director of Dubai Customs, and a South Korean delegation led by the Consul-General in Dubai, Chun Young Wook, in the presence of representatives of a number of S. Korean businesses operating in the country.

The meeting occasioned a review of the incentives provided by the Federal Government to stimulate the business sector and domestic economy in general that will ultimately reflect positively on the businesses in the country.

Musabih underlined his determination to keep S. Korean investors updated on the latest business services provided by Dubai Customs.

For his part, the Korean Consul-General reaffirmed confidence in the investment-conducive environment of Dubai, calling on Korean businesses to invest in the country.

WAM/Hatem Mohamed

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