Home >> Government, Legal & Humanity

Shurooq and REI Holding Strengthen Korea-Sharjah Bilateral Investments in Second MoU

Wednesday, July 25, 2018/ Editor -  


Home >> Government, Legal & Humanity

New agreement builds on the pioneering healthcare project between both parties and Haewon Medical Foundation Sejong General Hospital

Sharjah, 25 July, 2018:  Sharjah Investment and Development Authority (Shurooq) has signed a second Memorandum of Understanding (MoU) with Korea’s global investment corporation REI Holding Group, to encourage bilateral investments, collaborate on industry information and expand business networks in both countries.

The agreement follows on the recently announced MoU between Shurooq and REI’s Haewon Medical Foundation Sejong General Hospital to establish the first Korean hospital in Sharjah, and the visit of Moon Jae-in, President of South Korea, at a UAE-Korea Business Forum in March this year.

President Moon highlighted Korea’s commitment to expanding cooperation with the UAE in new sectors as both countries push ahead with strategic plans to further develop their economies.

Reinforcing that message, the Shurooq and REI Holding collaboration promotes the flow of economic information, statistics and trade data to facilitate trade contracts and activate joint projects.

HE Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq, said: “The Republic of Korea is one of Asia’s powerhouse economies with a dominant role in technology and the fourth industrial revolution in particular, two of the pivotal components of Sharjah’s digital integration strategy. Once again, through this relationship, Sharjah is creating an even greater footprint on a worldwide stage.”

He continued: “With a World Bank global GDP ranking of 11, South Korea is a prime partner for Shurooq and our mutual interests and potential partnerships will be an excellent asset for both nations.”

Soon Bong Hong, Chairman of REI Holding Group, added: “Sharjah’s dynamic and diverse economy and advanced business infrastructure provides a perfect environment for us to work together on joint investments and contribute to each other’s commercial success.”

He added: “The mutual benefit of exchanging industry data, extending networks, sharing technology expertise and organising events will open up a new platform for investment and increase opportunities exponentially.”

Founded in 2009, Shurooq aims to achieve social, cultural, environmental and economic development on the basis of Sharjah's distinct Arab and Islamic culture and to seamlessly add to the fabric of the emirate. It strives to develop the emirate and encourage investment by adopting the best international standards in providing high-end services that help draw local, regional and international investment. 

Previous in Government, Legal & Humanity

Next in Government, Legal & Humanity

Home >> Government, Legal & Humanity Section

Latest Press Release

Etihad Airways Travel Advice for 2018 Winter Holidays

DKNY Launches (Limited Edition) Holiday 2018 Collection

Enjoy 11 exciting new street entertainment shows at BOLLYWOOD PARKS™ Dubai

New maritime law seen as key initiative to boost UAE's sea trade

Cautious Optimism Extends into 2019 Airlines Heading for A Decade in the Black

IATA Launches Platform Enabling Airlines to Share Turbulence Data

Over 80 developers showcase top projects at Indian Property Show in Dubai

How the world searched for 2018

Emiratisation Efforts Stepped Up in Support of New Tourism Vision 2025

Emirates takes delivery of its last Boeing 777-300ER aircraft

du announces availability of eSIM on iPhone XS, iPhone XS Max and iPhone XR

Leading Emirati business leader shares insights of her momentous life

Model of the Year Takes Camo to Catwalk Level

Superstar Indian musical duo Vishal-Shekhar to take the stage at BOLLYWOOD PARKS ...

CITIZEN's “#MyBetterStartsNow” campaign seeks out UAE's inspired and driven indi ...

Fine hosts visually-impaired mountaineering hero Erik Weihenmayer

Data analytics and cyber security will be key to improving aviation safety

Oman UAE Exchange Launches Online Money Transfer Service

Bawabat Al Sharq Mall is all set to welcome an exciting festive season with 'Wi ...

UAE students win top awards at international math competition in Malaysia