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Dubai Maritime City to be represented at UAE-Korea Economic Partnership Forum

The delegation hopes to promote the top-class DMC facility

WAM
17:19 May 25, 2013

Dubai: Dubai Maritime City (DMC) announced on Saturday that a high-level team led by Khamis Juma Bu Amim, Chairman of Drydocks World and Maritime World will participate in the UAE-Korea Economic Partnership Forum 2013.

The event will be held under the patronage of His Highness Shaikh Mohammad Bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai, on May 27 and May 28 at Seoul. The event is supported by the UAE Ministry of Foreign Affairs, UAE Ministry of Foreign Trade, Federation of UAE Chambers of Commerce and Industry, Dubai Department of Economic Department, Foreign Direct Investment.

The delegation hopes to promote the top-class DMC facility, which is one of the most iconic multi-purpose developments of an international stature, among Korean trade and business community, in order to encourage investment opportunities and to facilitate and nurture mutual ties and strengthen bilateral relationships.

There has been an overwhelming international interest in the development primarily due to the excellent infrastructure development, logistical support and strategic location between Europe and Asia, in one of the rapidly developing regions of the world.

Highlighting the singular advantage to companies in being based in the City, Bu Amim said, “DMC is a one-of-a-kind development that encourages and propagates marine and maritime activity in a business-friendly environment.

It provides ample opportunities to set up and develop business in the highly accessible business hub of Dubai, which is well-connected with the rest of the world. The infrastructure and logistical support accorded to companies within the City is second to none. This is complemented by support from Government establishments for easy and hassle-free set up and hence maximizing business progress and faster RoI [return on investment].”

“Our participation in the Forum would enable us to direct and guide the business community on the immense possibilities and benefits of setting up within DMC. The UAE today provides business-conducive environment and is the second largest market for Korean investors in the Middle East. Presence here would help penetrate markets in North Africa and South Asia besides the Middle East,” he added.