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Korean Delegation Visits DAFZA to Strengthen Cooperative Ties and Explore Potential Investment Opportunities

Dubai Airport Freezone Authority (DAFZA) invited a seeing top-level official trade delegation from the Republic of South Korea led by His Excellency (H.E.) Hyun-Soo Kim, Consul General of South Korea. The group, which was made up of 16 senior polite reps and Chief executive officers from significant Oriental business, looked towards learning more about DAFZA - its tactical duty, experiences and the solutions that it offers to the global investment community, especially for the Oriental business community. The delegation was satisfied by Nasser Al Madani, Assistant Director General, DAFZA, who oriented them regarding DAFZA's latest offerings, services and motivations - key elements that has aided position the freezone as a highly liked investment destination for foreign investors. These solutions consist of specialized facilities such as storage facilities, light commercial systems, advanced infrastructure, simple visa & licensing handling and motivations devoted to businesses, consisting of tiny and medium-sized enterprises (SMEs) to assist in the set up of their organisations in the UAE.

During the meeting, Al Madani shared DAFZA's proceeding dedication to play an essential duty in the relocate to enhance cooperative ties between the Republic of South Korea and the UAE, especially across enhancing investment and trade connections. He pointed out that the strong ties in between both nations are reflected in the UAE being South Korea's biggest trading partner from the Middle East and North Africa (MENA) region. In fact, current industry records have revealed that the country's exports to Korea reached USD 8.6 billion in 2015, while exports from South Korea to the UAE reached USD 6.08 billion. The positive outlook put in the financial participation of South Korea and UAE is also backed by the complete international trade activity of USD 4.7 billion videotaped throughout the initial half of 2016 including free areas.

Al Madani shared, "DAFZA uses appealing rewards, privileges and key centers that have actually aided in making it a highly preferred investment destination for international direct investment (FDI). These drivers have helped with in drawing in Korean companies coming from numerous fields who have actually selected Dubai as their regional base to enter the GCC, Middle East and Eastern markets. The DAFZA Industrial Park, a new industrial zone, has actually been created inning accordance with the highest possible requirements to draw in and serve vital markets wishing to establish in Dubai. These potential capitalists will acquire key benefits from the benefits that we provide, that include knowledge and innovation-based services, in addition to advanced infrastructure, tactical location, security, and the dual licenses to allow investors to run throughout Dubai."

Meanwhile, Amna Lootah, Assistant Director General - Financing, Commercial and Customer Relations Department Foster of DAFZA Innovation & Future Device, claimed, "Because its inception, DAFZA has successfully owned strong investment relationships; end up being a tactical incubator for greater than 20 active economic segments; and has actually strategically positioned itself as a hub for leading worldwide companies existing in the region - consisting of leading South Korean companies."

She added that key worth is placed in the presence of Korean business in DAFZA, which has actually substantially added to driving in development to the economic situation and enhances the vision of the UAE's wise leadership. Amna additionally commended the strong bilateral relationships that the UAE appreciates with South Korea.

" These connections are seeing wonderful progression in numerous fields to develop tactical collaborations in various financial and investment industries-- consisting of vital fields such as oil & renewable resource, construction, environment, transport, telecommunications, infotech and others. According to its national function and position as a leading advocate of nationwide plans and patterns, DAFZA continues to be unwavering in its dedication to improve cooperation and check out investment possibilities with South Korea by offering assistance to Korean business and financiers desiring to develop organisations in the UAE and the region," said Lootah.

Lootah also briefed the delegation on DAFZA's key success and the unique range of services used to its customers. She stated, "Today, DAFZA is a freezone that surpasses expectations in regards to the innovative framework and the top quality services readily available for all investors, consisting of Customer Relationship Management(CRM), an extensive, integrated and interactive system to take care of customers' pre- and blog post- procedures. Another accomplishment is the all-new 'Synapse' which has been developed to manage digital blockchain transactions. This innovative project digitally attaches DAFZA's community to offer customers with Single Home window solution for all deals with government companies. DAFZA is a pioneering freezone with a profile of advanced offerings. It has spent a lot of effort into preserving its placement as the top freezone and promoting its part in bring in international investments according to a vision making Dubai the most intelligent city on the planet in regards to operating and ease in transactions based on the most recent modern technologies. This vision falls in line with the instructions of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the world's most smartest and happiest city."

After the briefings given by the two officials, the South Korean delegation was later provided a trip to DAFZA's 'Smart Office,' which has actually been designed and created to meet the needs and demands these days's fast changing markets. The brand-new campaign aims to work as an extremely interactive platform for multinational firms to further discover potential financial investment and growth chances offered by the region. The 'Smart Office' initiative has received strong reaction from investors, which has brought about a 21 percent rise in procedures. The delegation also visited DAFZA Square and its centers, which gives a brand-new top quality experience for capitalists existing in the freezone.

DAFZA is a regional hub for leading Korean companies consisting of KOLON GLOBAL, Halla Holdings, MOORIM, LEADERS, ATLASBX and SB, to name a few.

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