UAE president on state visit to S Korea, meets top business chiefs
AFP | Riyadh, Saudi Arabia
The Daily Tribune – www.newsofbahrain.com
The president of the United Arab Emirates yesterday met leaders of some of South Korea's biggest conglomerates after the UAE last year announced plans to invest $30 billion in the country.
President Sheikh Mohamed bin Zayed Al Nahyan is the first sitting UAE president to make a state visit to Asia's fourth-largest economy.
During Seoul's President Yoon Suk Yeol's visit to the country last year, the UAE said it would invest $30 billion in South Korea.
Follow-up announcements to the investment plan, which is expected to cover arms and energy, are expected to be made during the two-day visit which includes a summit with Yoon.
The Emirati president met leaders of South Korea's largest companies upon his arrival, most notable the chairmen of Samsung Electronics, SK Group and Hyundai Motor Group.
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