Arab Today, arab today investment corporation of dubai koreas kexim sign investments deal
Last Updated : GMT 12:24:03
Arab Today, arab today
Arab Today, arab today

Investment Corporation of Dubai, Korea's KEXIM sign investments deal

Arab Today, arab today

Arab Today, arab today Investment Corporation of Dubai, Korea's KEXIM sign investments deal

nvestment Corporation of Dubai ("ICD")
Dubai - WAM

Investment Corporation of Dubai ("ICD"), the sovereign wealth fund of the Emirate of Dubai, and the Export-Import Bank of Korea ("KEXIM") have signed a Memorandum of Understanding (MoU) to form an alliance to explore international investment and export finance opportunities across Asia, the Middle East and Africa.
KEXIM is the official trade finance agency of The Republic of Korea with a remit to provide export finance or support international investments in which Korean parties participate.
Commenting on the venture, Mr Lee Duk-Hoon, Chairman and President of KEXIM, stated, "We believe that this partnership provides a fantastic platform to promote and develop new investment opportunities in potentially new markets for mutual benefit, alongside a partner of global standing, with complementary competencies and a congruent investment philosophy".
Korea has a long standing commercial relationship with Dubai, with trade flows now exceeding US$10bn in 2013, covering many strategic sectors.
ICD Board Member, Sheikh Ahmed bin Saeed Al Maktoum, stated that, "ICD is very pleased to be entering into this venture with KEXIM, who provide unparalleled connectivity with the Korean business community that includes many global leading companies with proven export credentials, in addition to the financial strength, acumen, discipline and track record to successfully deliver on investment projects".
The alliance spans a broad geographical area ranging from Far East Asia to Africa and is expected to initially be focused on the healthcare, infrastructure and energy sectors, with an ability to be expanded in future.
On the opportunity, Mohammed Al Shaibani, CEO of Investment Corporation of Dubai, commented, "We believe that this alliance, which builds on Dubai's already strong commercial ties with Korea, will enable both ICD and KEXIM to leverage each other's experience and expert capabilities in terms of transaction origination, financing capability and delivery. As partners, we see significant growth in emerging markets and believe that by working together under this alliance we provide a compelling proposition in identifying and making successful investments".
Investment Corporation of Dubai holds a diversified group of assets. ICD's portfolio includes many of the Emirate of Dubai's flagship assets, including renowned companies, such as Emirates Airlines, Emirates National Bank of Dubai, Dubai Islamic Bank, Dubal, Borse Dubai and ENOC.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today investment corporation of dubai koreas kexim sign investments deal Arab Today, arab today investment corporation of dubai koreas kexim sign investments deal

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 06:11 2017 Wednesday ,22 February

Russia’s Rosneft, Libya’s NOC sign oil offtake deal

GMT 05:49 2017 Wednesday ,22 February

‘PSA to honor Opel job guarantees’

GMT 05:41 2017 Wednesday ,22 February

BHP to Trump: Protectionism will hurt growth

GMT 20:42 2017 Tuesday ,21 February

Amazon plans 5,000 new jobs in UK

GMT 05:43 2017 Tuesday ,21 February

CEFC China Energy wins 4% stake in UAE oil project
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday