By Hyunjin Choi

 

Born2Global Centre (Chief Executive Director Jongkap Kim) held the Middle East Roadshow in UAE and Bahrain on September 21st-28th to develop Middle Eastern markets.

 

Born2Global has prepared this roadshow for selected startups to penetrate the Middle Eastern ICT markets in an effective way. The roadshow was packaged with various sessions such as IR pitching, one-on-one business meetings, and so on.

 

Among the selected startups in attendance were Bluevisor(A.I. Wealth Management Platform), Visual Camp(Eye tracking solution), Luxrobo(IoT robotics), Chequer Inc.(Database IDE tech), and 10 minds(Smart health & beauty industry).

 

In the IR pitching event, top-tier buyers across the Middle Eastern countries as well as local buyers in UAE and Bahrain took part, increasing the chance for emerging Korean startups to enter the Middle Eastern markets.

 

As a result, the AI-enhanced investment solution provider, Bluevisor signed MOU on applying the wealth management platform to Digital Bank. Nvelop Holding, the early stage investor in Dubai is planning to found Digital Bank with other major investors, ADS Securities and Noor Capital. Moreover, VisualCamp, the mobile eyetracking technology provider discussed PoC(Proof of Concept) to introduce its mobile app solution to Dubai Expo 2020.

 

With major Middle East organizations including Dubai future foundation, District 2020, AIM 2020, and Bahrain Economic Development Board, Born2Global Centre exchanged views on the ways for Korean startups to advance to Middle Eastern regions. Born2Global will establish a close liaison system with these agencies to come up with cooperative measures for the development of the regions.

 

 

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President Moon Jae-in (left) shakes hands with Crown Prince of Abu Dhabi Mohammed bin Zayed Al-Nahyan, at the UAE Presidential Palace in Abu Dhabi on March 25.



By Sohn JiAe
Photos = Cheong Wa Dae 

President Moon Jae-in, currently on a visit to the United Arab Emirates (UAE), met with Crown Prince of Abu Dhabi Mohammed bin Zayed Al-Nahyan on March 25. During the summit, the two leaders agreed to upgrade the Korea-UAE strategic relationship into a “special strategic partnership.” 

The president and the crown prince acknowledged that the two countries have been engaged actively as strategic partners since 2009 across various areas of both the economy and industry, ever since the establishment of diplomatic ties in 1980. The two leaders agreed that bilateral cooperation should be expanded into such areas as diplomacy, defense, education, medicine and energy, too. 

To this end, the two leaders vowed to have in-depth discussions on pending issues by hosting regular dialogue channels, such as dialogue between diplomatic and defense vice-ministerial-level officials, talks between foreign ministers and a joint panel to discuss economic issues. 

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President Moon Jae-in and Crown Prince of Abu Dhabi Mohammed bin Zayed Al-Nahyan watch as Minister of Trade, Industry and Energy Paik Ungyu (left) and Director General of the Dubai Expo 2020 Reem Al-Hashimi (second from left) sign a memorandum of understanding on Korea’s participation in the 2020 expo, in the UAE on March 25.



“The UAE is the first Middle Eastern country with which Korea has made a 'special strategic partnership,'” said President Moon. “I hope that Crown Prince Mohammed will join our efforts to open a path to make our existing bilateral ties expand across various areas.” 

“As President Moon said, I’m sure that the relationship between our two countries will further develop,” said the crown prince. “Although lots of cooperation has already been undertaken across various areas, I hope to see more cooperation being made across a wider range of areas. The UAE is more hopeful than Korea that bilateral ties will be taken to a new level.” 

The summit also produced a total of five memorandum of understanding covering cooperation on science and IT, on small- and mid-sized companies, on the development of renewable energy and new sources of energy, on the establishment of cooperative channels for industries and energy, and, lastly, on patent administration. 

Following the summit, President Moon held talks with five high-ranking UAE officials, including Chairman of the Executive Affairs Authority of Abu Dhabi Khaldoon Khalifa Al-Mubarak and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber. They talked about ways to enhance practical cooperation on nuclear energy and the energy industries. 

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President Moon Jae-in talks to five high-ranking officials from the UAE government, at Emirates Palace in Abu Dhabi on March 25.



jiae5853@korea.kr

 

 

 

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