Abu Dhabi to invest $2 bln in South Korea

Abu Dhabi organisations have identified two billion dollars of investment opportunities in South Korea following the business expansion agreement between South Korea and the UAE, according to a joint statement on Monday.

“To date, Abu Dhabi organisations have helped identify approximately $2 billion of potential investment opportunities in Korea,” the statement from the Korea Development Bank and Mubadala Investment Company included.

The UAE assured investing up to $30 billion in the Asian nation during South Korean President Yoon Suk Yeol’s visit to Abu Dhabi in January, especially in the energy and information technology industries.