UAE Sees Surge in Korean Companies Growing as Key Business Hub

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The United Arab Emirates is becoming an increasingly important business hub for South Korean companies, with nearly 1,300 Korean firms now operating across the country. This represents a growth of over 16% compared to the end of August 2024, highlighting the UAE’s rising appeal as a place to do business.

Abdulla bin Touq Al Marri, the Minister of Economy and Tourism, shared this news while welcoming a delegation of business leaders from South Korea. The delegation was led by Yoon Jin-sik, the Chairman of the Korea International Trade Association (KITA), and included representatives from 25 South Korean companies working in sectors such as technology, healthcare, energy, artificial intelligence, investment, and electric vehicles.

The minister emphasized that the UAE has become a vital economic partner for South Korea. He said the country is now an important gateway for Korean exports to the Middle East and North Africa. This makes the UAE not just a business destination but a hub that connects South Korea to a wider region, helping Korean companies reach new markets and opportunities.

According to the minister, the UAE’s competitive business environment, strong infrastructure, and attractive investment climate are key factors that encourage Korean firms to expand their presence. Many South Korean companies are now exploring opportunities in advanced technologies, clean energy projects, healthcare solutions, artificial intelligence innovations, and sustainable investments.

The meeting between UAE officials and South Korean business leaders also included discussions on potential collaborations and joint projects in sectors that are shaping the future economy. This shows the growing trust and partnership between the UAE and South Korea, reinforcing the UAE’s image as a dynamic, forward-looking country for global investors.

The UAE has long attracted international companies due to its stable economy, strategic location, and modern infrastructure. Over the past few years, the number of Korean companies operating here has steadily increased, reflecting confidence in the country’s long-term growth. From small startups to large multinational corporations, South Korean businesses are playing an important role in diversifying the UAE economy and contributing to innovation and technology development.

Abdulla bin Touq Al Marri also highlighted the UAE’s efforts to provide world-class facilities, supportive regulations, and a safe business environment. These measures are designed to make it easier for international companies to invest, create jobs, and participate in cutting-edge projects that drive economic growth.

The South Korean delegation expressed interest in exploring more opportunities in emerging sectors such as artificial intelligence, renewable energy, electric vehicles, and healthcare technologies. They acknowledged the UAE’s potential to act as a central hub for their operations in the region, making it easier to reach both Middle Eastern and African markets.

This growing relationship is not only about trade but also about knowledge exchange and innovation. Collaboration between UAE and South Korean companies is expected to foster new ideas, create innovative products, and support sustainable economic development.

With nearly 1,300 Korean companies now in the UAE, the country continues to strengthen its position as a leading business destination in the Middle East. Both sides are committed to deepening cooperation, expanding investment opportunities, and building a long-term partnership that benefits businesses, communities, and the broader regional economy.

This development reflects the UAE’s ongoing strategy to attract global talent and investment while supporting its vision to become a hub for innovation, technology, and international trade. The presence of Korean companies in sectors like AI, energy, healthcare, and electric vehicles demonstrates how international partnerships are helping to shape a diverse and sustainable future for the country.

Technology and AI in UAE