ABU DHABI, 10th May, 2017 (WAM) -- Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports in UAE, as well as the Khalifa Industrial Zone, in conjunction with Abu Dhabi Chamber and the Korean Chamber of Commerce and Industry, yesterday hosted a high level investment forum for the Korean market, in Seoul.
Held at the headquarters of the Korean Chamber of Commerce and Industry, the forum objective was to highlight and explore promising industrial, trade and investment opportunities by introducing the Khalifa Port Free Trade Zone, the largest free zone in the Middle East, to the Korean market.
The forum was held in the presence of Abdullah Saif Ali Al Nuaimi, UAE Ambassador to South Korea, Mana Mohammed Saeed Al Mulla, CEO of Khalifa Industrial Zone, representatives from the Abu Dhabi Chamber of Commerce and Industry in Korea, and the Abu Dhabi Department of Economic Development, with a large presence of Korean investors and business leaders.
A presentation on Abu Dhabi Ports and KIZAD, focusing on Khalifa Port Free Trade Zone, which is poised to serve as the regional destination for future foreign direct investment attracting an array of trade, logistics and manufacturing sectors, was held at the forum to encourage economic development in the Emirate of Abu Dhabi.
Mohamed Juma Al Shamsi, CEO of Abu Dhabi Ports, said, "The economic ties between the UAE and South Korea have seen positive developments over the past few years, as Korea has become a strategic partner to the UAE. We organised this investment forum in Seoul, in association with the Abu Dhabi and Korean Chambers of Commerce and Industry, to brief Korean investors on the achievements of Abu Dhabi Ports in the last decade, but also our current standing and future outlook.
"The Khalifa Port Free Trade Zone seeks to establish a new destination for trade in the GCC and Middle East, and to reaffirm the status of Khalifa Port as one of the most important regional ports and logistics centres in the region," Al Shamsi added.
Mana Mohammed Saeed Al Mulla stressed the importance of the visit to the Korean capital, adding, "In addition to outstanding access to global markets, Khalifa Port Free Trade Zone provides many benefits to foreign direct investors, including competitive rental rates, low cost of doing business, full tax exemptions, granting foreign investors full ownership of their projects and full repatriation of their capital and profits, as well as the possibility of shipping goods at competitive prices, smooth customs procedures and other centralised processing benefits. KIZAD and the Khalifa Port Free Trade Zone has become the headquarters of major international brands and companies, as it is a unique model that brings together free and non-free zone solutions."