Dubai and South Korea sign joint investments deal - FT.com

Dubai and South Korea sign joint investments deal - FT.com:



"Dubai and South Korea are teaming up to fund joint investments as the emirate cements its role as the business launch pad for the Middle East and Africa.



Investment Corporation of Dubai, the emirate’s state holding company, on Monday signed a memorandum of understanding (MoU) for an alliance with the Export-Import Bank of Korea, the official trade finance agency of South Korea.



While the agreement has a broad mandate, interest is expected to focus on sub-Saharan Africa, where Korean companies hope to tap into rising demand for infrastructure development."



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