Mirae Asset Global Investments, a Korean group with more than $800 billion in AUM globally, has established an office in the Dubai International Financial Centre (DIFC), thus strengthening its presence in the Middle East and expanding regional investors’ access to global investment opportunities.
Dubai will celebrate Korean culture this September with the inaugural Dubai K-Fest 2026, a 10-day citywide festival featuring K-pop concerts, Korean cinema, K-beauty, fashion, food, shopping and cultural experiences.
EDGE Group, a UAE-based tech and defence group, has signed an agreement with Korean aerospace and industrial company Hanwha to boost strategic co-operation on the development of an integrated air defence system as well as explore the potential establishment of a joint venture in UAE.
Oman's Asyad Shipping has announced that it has awarded $104 million contracts to South Korea's Hyundai Heavy Industries (HHI) for the construction of two new medium range product tankers. These vessels, which are part of Asyad Shipping’s fleet expansion strategy, will be delivered in 2029.
HD Hyundai Heavy Industries has completed a sea trial of Korea’s first ammonia dual-fuel vessel, generating key operational data to support cleaner shipping technologies and future guidelines for ammonia-powered maritime operations.
Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
Saudi Arabia and South Korea signed an MoU to expand oil and gas cooperation, covering petroleum, petrochemicals, crude storage, pipeline infrastructure, technology, and sustainability initiatives, as the two countries seek to strengthen energy security and investment ties.
South Korean tech giant Samsung Electronics Company spent nearly 90 trillion won ($59.2 billion) on capital expenditures and research and development (R&D) in 2025, making it the biggest investor among the world's top 10 semiconductor companies, industry data showed.
South Korea's Doosan Enerbility has announced that it had signed a contract worth KRW837 billion ($556 million) for the second phase of the Jafurah Combined Heat and Power Plant in Saudi Arabia in partnership with Korea Electric Power Corp (Kepco) and Saudi oil giant Aramco.
Leading Korean group LIG Defense & Aerospace (LIG D&A) has signed an agreement with UAE defence company Tawazun to explore and develop co-operation in the field of defence and security industry development, with the aim of establishing a global defence manufacturing hub in the UAE.
