AGREEMENTS SIGNED IN SEVERAL SPHERES

■ A Memorandum of Understanding (MoU) in hydrogen energy use in cities, its production, transmission and storage was signed between the UAE’s Ministry of Energy and Infrastructure and South Korea’s Ministry of Land, Infrastructure and Transport.

■ MoU on cooperation in water resources between UAE’s Ministry of Energy and Infrastructure and Korean Ministry of Environment. MoU exchanged between UAE Space Agency and Korea’s Ministry of Science and Information and Communications Technology on amendment of an MoU signed in January 2017 regarding cooperation in space exploration and its use for peaceful purposes.

■ MoU exchanged on cooperation in mobility and transportation in the future between the UAE Ministry of Energy and Infrastructure and the Korean Ministry of Land, Infrastructure and Transport. Implementation arrangements under the agreement concluded between the Governments of the UAE and the Republic of Korea for cooperation in the peaceful uses of nuclear energy.

■ MoU between Mubadala Investment Company and Korea Development Bank regarding the sovereign investment partnership and another MoU on financial cooperation between Taqa and the Export-Import Bank of Korea.

■ A joint declaration regarding enhancing cooperation in energy through a strategic energy partnership was exchanged by Dr Sultan Ahmad Al Jaber, Minister of Industry and Advanced Technology, and Li Chang-Yang, Minister of Trade, Industry and Energy. MoU on strategic cooperation in defence exchanged by Tareq Abdul Raheem al Hosani, Secretary-General of the Tawazun Council, with the Defence Acquisition Programme Administration (DAPA) Minister, Eom Dong-hwan.

■ Agreement for cooperation in crude oil storage between Adnoc and the Korean National Oil Company was exchanged between Dr Sultan Ahmad Al Jaber and Kim Dong-Sub.

■ MoU on the establishment of joint strategic working groups for the Carbon Neutrality Acceleration Programme was exchanged by Mohammad Al Hammadi, managing director and CEO of Emirates Nuclear Energy Corporation (Enec), and President of Korea Electric Power Corporation (Kepco), Cheong Seung-il, and Ju-Ho Hwang, President of Korea Hydro and Nuclear Power.

■ MoU between Mubadala Investment Company and the SK Group regarding the voluntary partnership in carbon markets in Asia was exchanged by Khaldoun Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, Member of the Executive Council, and Chey Tae-won, Chairman of the SK Group.

■ MoU between Tawazun Council and Korea Aerospace Industries on the joint development programme for the next generation of multi-mission cargo aircraft, was exchanged by Tareq Al Hosani, Secretary-General of Tawazun Council, and Kang Gu-young, representative of the Korea Aerospace Industries.