Egypt Zones accountACCOUNT

Dubai Ministry of Economy Discusses Cooperation in Advanced Automotive Technology with South Korea

Source: www.export-egypt.com 5/20/2018, Location: Middle East

Share |
Abdullah Sultan Al Shamsi, Under-Secretary at the Ministry of Economy and Chairman of the Executive Global Innovation Team, and Kim Yungray, Director-General of Commercial Policies at the Ministry of Commerce and Industry of South Korea, discussed potential cooperation in advanced automotive technology during a meeting at the headquarters of the Ministry of Economy in Dubai.

They also discussed promoting cooperation to benefit from Korea’s leading experience in car automation, to support a project by the ministry to develop an advanced automotive technology centre in the UAE.

Both sides agreed to form a joint team that will include officials and experts to discuss the mechanisms of coordination and the practical future steps that are required to implement the project, including infrastructure, organisational structure, updated legislative frameworks, research, development and training, especially in engineering electric and hydrogen powered automobiles.

The meeting is a follow-up of a previous meeting that took place last week between Sultan bin Saeed Al Mansouri, Minister of Economy, and Kim Hon Tchong, Minister of Commerce and Industry of South Korea, where they have discussed potential partnerships in aviation, advanced automotive technology and renewable energy.

The Korean delegation also visited the Sharjah Research, Technology and Innovation Complex.

Al Shamsi said that the UAE has prioritised the automotive technology sector, which is a key future technology sector and is linked to three of seven sectors identified by the "National Innovation Strategy," including transport, technology and renewable energy.

Al Shamsi stressed that the Ministry of Economy is cooperating with its partners to develop an integrated centre for advanced automotive technology in the UAE.

He added that its headquarters is expected to be located at the Sharjah Research, Technology and Innovation Complex, due to the location of Sharjah and its emphasis on developing entrepreneurship and creating a strong industrial environment.

Yungray said that Korea is keen to promote its strategic overall partnership with the UAE, while praising its leading vision of innovation and its efforts to create a knowledge-based economy.

He added that the Korea is willing to support the project, including in the creation of laws, legislation and programmes related to the automotive sector

Financials and Investment News in United Arab Emirates >>

Egypt >>  11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
Egypt >>  11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...

Egypt >>  11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...

Egypt >>  11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.

The Cabinet is set to add...





United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 |

More News

Oil & Gas Companies in United Arab Emirates >>

Related Links

Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.