Seoul: A high-level South Korean delegation plans to go to the United Arab Emirates (UAE) this week to bolster Seoul’s bids for high-speed railway and infrastructure initiatives within the Center East nation, the Ministry of Land, Infrastructure and Transport stated Wednesday.
Led by Land Minister Park Sang-woo, the delegation will meet with UAE Minister of Vitality and Infrastructure Suhail Mohamed Al Mazrouei on Friday to debate bilateral cooperation within the transport and infrastructure sectors, with a concentrate on the UAE’s envisioned high-speed railway mission connecting Abu Dhabi and Dubai, Yonhap information company reported.
The ministry has fashioned a public-private sector staff, together with the state-run Korea Nationwide Railway, Korea Railroad Corp. (KORAIL), Hyundai Rotem Co. and POSCO E&C Co., for the UAE railway mission bid. The staff has handed the prequalification stage of the bidding course of.
The delegation plans to emphasize South Korea’s technological excellence and financial viability of its high-speed rail fashions, citing latest successes in securing high-value export offers from Uzbekistan and Morocco.
The delegation can even talk about follow-up cooperation primarily based on a memorandum of understanding signed final yr through the UAE president’s state go to to South Korea.
Beneath the settlement, South Korea and the UAE intention to collectively enter third-country infrastructure markets, notably in post-conflict restoration zones, by combining South Korea’s building experience with UAE’s monetary capabilities.
