SEOUL, April 16 (Yonhap) — 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 tasks within the Center East nation, the Ministry of Land, Infrastructure and Transport mentioned 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 challenge connecting Abu Dhabi and Dubai.
The ministry has fashioned a public-private sector crew, together with the state-run Korea Nationwide Railway, Korea Railroad Corp. (KORAIL), Hyundai Rotem Co. and POSCO E&C Co., for the UAE railway challenge bid. The crew has handed the prequalification stage of the bidding course of.
The delegation plans to emphasise 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 may also talk about follow-up cooperation based mostly on a memorandum of understanding signed final 12 months in the course of the UAE president’s state go to to South Korea
Below the settlement, South Korea and the UAE goal 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.
This file picture, supplied by the federal government, exhibits Land, Infrastructure and Transport Minister Park Sang-woo. (PHOTO NOT FOR SALE) (Yonhap)
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