South Korean Economic Delegation Visits Ras Al Khaimah
On October 21, Sheikh Engineer Salem bin Sultan bin Saqr Al Qasimi, the Chairman of the Department of Civil Aviation and the Board of Directors of Ras Al Khaimah International Airport, welcomed a distinguished economic delegation from South Korea. The meeting took place at his majlis in the Al Duhaisah area of Ras Al Khaimah.
Delegation Details
The delegation included 50 notable investors, business leaders, and economists from South Korea. Sheikh Salem bin Sultan Al Qasimi emphasized the strengthening strategic relations between the UAE and South Korea, highlighting the expanding cooperation across various sectors.
Focus of Discussions
The discussions aimed at enhancing economic collaboration, strengthening trade and investment relations, and exploring opportunities for economic and commercial integration. Special attention was given to leveraging the facilities and incentives in Ras Al Khaimah to attract and support foreign investors.
Doubts Revealed
Ras Al Khaimah -: Ras Al Khaimah is one of the seven emirates that make up the United Arab Emirates (UAE). It is known for its beautiful beaches, mountains, and growing economy.
Sheikh Engineer Salem bin Sultan bin Saqr Al Qasimi -: Sheikh Engineer Salem bin Sultan bin Saqr Al Qasimi is a member of the ruling family in Ras Al Khaimah. He plays a significant role in the emirate’s development and economic activities.
Economic Delegation -: An economic delegation is a group of people, usually business leaders and investors, who visit another country to discuss and explore business opportunities and strengthen economic relationships.
UAE-South Korea relations -: UAE-South Korea relations refer to the diplomatic and economic interactions between the United Arab Emirates and South Korea. Both countries work together to improve trade, investment, and cultural exchanges.
Foreign investors -: Foreign investors are people or companies from one country who invest money in businesses or projects in another country. They help in boosting the economy by bringing in capital and creating jobs.