Almulla received a 20-member delegation led by Kim Moon-soo, Governor of South Korea's Gyeonggi Province, who visited Dubai Internet City, a member of TECOM Investments. Both the capital Seoul and Inchon, another major city in South Korea, are located in this province.
The delegation discussed possible collaboration between TECOM Investments and South Korean businesses. Almulla presented a brief on TECOM Investments and highlighted the corporation's leading role in successfully developing a knowledge-based economy in Dubai.
Almulla said: 'The South Korean delegation was keen to understand how TECOM Investments' entities were able to make such a significant economic impact through their overall contribution to Dubai's economy. In addition, the delegates were eager to learn about TECOM' Investments' overseas expansion initiatives.
'The delegation's interest is a result of His Highness Sheikh Mohammed's recent visit to South Korea. We are confident more bilateral trade visits, covering a broad economic spectrum, will follow in the near future.'
South Korea and the UAE are both located at areas of strategic importance in their respective regions. While South Korea is known as the leading economic hub for Northeast Asia, the UAE is well known as the gateway to the Middle East. The strengthening bilateral trade ties between the two are expected to bring about tremendous synergy, offering each other greater access to new markets.
The UAE is South Korea's second largest oil supplier and a major trading partner in the Middle East. Total trade between the two countries has doubled in three years, reaching US$15.8 billion in 2006.
20 member South Korean delegation visits TECOM Investments to discuss cooperation
The visit by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to South Korea has opened up new vistas in increasing trade and commercial ties, according to Abdullatif Almulla, CEO of TECOM Investments.
- United Arab Emirates: Saturday, June 30 - 2007 at 15:42
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Log in to request more information from TECOM InvestmentsNotes and media contacts
About TECOM InvestmentsA subsidiary of Dubai Holding, TECOM Investments started with the aim of developing the knowledge-based economy in Dubai. This aim addresses a variety of industry sectors including telecom, media and technology park development. To achieve the ambition of developing the knowledge economy, TECOM Investments successfully initiated a cluster approach in order to tackle each defined component of the knowledge-centric service offering. The clustered approach proved successful not just in the information and communication technology industry but also in media, education, and biotechnology sectors
The TECOM Investments umbrella comprises several business entities including: Dubai Internet City, Dubai Media City, Dubai Knowledge Village, Dubai International Academic City, eHosting DataFort, International Media Production Zone, Dubai Outsource Zone, Dubai Studio City, Dubiotech and Enpark.
Empower, a company which provides energy-efficiency services in Dubai and the region is a joint venture between TECOM Investments and Dubai Electricity and Water Authority (DEWA).
TECOM Investments has also tied up with Dubai Investment Group (DIG) its sister company in the Dubai Holding group to make strategic telecom acquisitions through Emirates International Telecommunications, a joint venture initiative. EIT has already successfully acquired a 35 % stake in Tunisie Telecom and 60 % of Maltacom, telecommunication carriers in Tunisia and Malta respectively.
It also has a stake in Axiom, the largest mobile distributor in the Middle East, and Interoute, the operator of Europe's most densely connected voice and data network.
TECOM Investments and Sama Dubai (both part of the Dubai Holding) are also in partnership to promote SmartCity, a joint venture company to develop and manage industry townships for knowledge-based companies worldwide. It has signed agreements with the Government of Malta to develop SmartCity Malta and the Government of southern Indian state of Kerala to establish SmartCity Kochi
For more information:
Angelina Wong
Senior Account Executive
JiWiN (the Public Relations arm of Dubai Press Club)
Tel : 04-369 2834
Posted by Lara Lynn Golden, News EditorSaturday, June 30 - 2007 at 15:42 UAE local time (GMT+4)
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