UAE economy minister visits Samsung HQ in South Korea

UAE delegation visit Samsung Headquarters in Seoul, South Korea. (WAM)
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Updated 11 July 2023
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UAE economy minister visits Samsung HQ in South Korea

  • Minister given insight into technologies used by Samsung to create electrical chips, screens, and smartphones

DUBAI: The UAE’s Minister of Economy Abdullah bin Touq Al-Marri recently led a delegation to electronics corporation Samsung’s headquarters in South Korea.

During the visit, the Emirati party was briefed on the company’s future expansion and investment plans, and talks took place on ways to further develop partnerships with the UAE market, the Emirates News Agency reported on Tuesday.

Al-Marri was given an insight into the advanced digital technologies used by Samsung in the creation of electrical chips, screens, and smartphones.

The UAE delegation was in the South Korean capital Seoul to participate in the eighth UAE-Korea Joint Economic Committee established with the aim of boosting economic and trade relations while also exploring opportunities for cooperation and investment links with the Korean private sector.

The minister noted that the UAE had created an attractive investment climate for the technology and new economy sectors and pointed out that the country had become a major trading and investment hub for several leading global companies.

He highlighted measures adopted by the UAE to stimulate investment and expansion in new economic sectors, recognizing their relevance in developing the future economy and achieving sustainable economic and social development.

He said that several forward-thinking pieces of economic legislation and policies had been enacted, most notably new laws on cooperatives, family businesses, business transactions, and trade records, as well as the launch of the Comprehensive Economic Partnerships program designed to strengthen ties with key global markets.

Al-Marri added: “Korean FDI (foreign direct investment) in the UAE continues to grow, totalling 8.1 billion Emirati dirhams ($2.2 billion) by the beginning of 2021 with a 73 percent growth compared to that of early 2013.

“Today, the Republic of Korea is one of the top 20 foreign investors in the UAE. Their investments span several economic and trade sectors including insurance, mining, financial services, retail, real estate, transport, energy, and technology.

“Over the past 12 months, 200 new Korean companies have entered the country’s markets, taking the total number of economic licenses obtained by Korean companies operating in the UAE to nearly 1,100, up 22 percent compared to 900 in June 2022.”
 


Saudi Absher platform delivers over $5.3bn in annual economic impact 

Updated 18 December 2025
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Saudi Absher platform delivers over $5.3bn in annual economic impact 

RIYADH: The Saudi government’s Absher digital services platform generates more than SR20 billion ($5.3 billion) in annual economic impact, highlighting the scale of savings created by the Kingdom’s transition from paper-based government procedures to digital services, according to the Ministry of Interior. 

Speaking to Al-Eqtisadiah, Bandar bin Mashari, assistant minister of interior for technology affairs, said the savings reflect broader efficiency gains from digitization. 

This comes as government services previously delivered through manual, paper-driven processes have moved onto a unified digital platform used by millions of citizens and residents. 

“Absher is one of the oldest platforms that has had a direct impact on strengthening the efficiency of spending and in opening new avenues for providing added value services,” said Mashari. 

He said the platform’s economic impact is closely linked to the government’s digital transformation agenda, which aims to reduce operational costs while improving service delivery across public agencies. 

The assistant minister further stated that the economic impact was at SR17 billion and grew to SR20 billion according to the ministry’s latest data. 

He added that Absher has completed a shift in its financial structure, transitioning from direct state capital funding to a sustainable financing model based on self-generated income. 

Mashari also said the Ministry of Interior is moving to expand its digital capabilities beyond service delivery, with a focus on security and financial protection. 

Authorities are working toward building a secure digital ecosystem designed to combat financial fraud and crime, he said, as digital transactions and online government services continue to expand. 

Absher is the flagship digital services platform of Saudi Arabia’s Ministry of Interior and one of the Kingdom’s earliest large-scale e-government initiatives. 

Launched in 2010, the platform provides citizens, residents, visitors, and businesses with access to hundreds of government services through a unified digital portal and mobile application. 

Its services span civil affairs, passports, residency and visa services, as well as traffic and vehicle transactions, and business administration, significantly reducing the need for in-person government visits. 

Absher is widely used across the Kingdom, handling millions of electronic transactions each month and serving as a core pillar of Saudi Arabia’s broader digital transformation and Vision 2030 agenda.