The Dubai Electricity and Water Authority (DEWA) announced that 49 Korean companies will participate in the 26th Water, Energy, Technology and Environment Exhibition (WETEX).
According to Amac News: In the announcement of the Dubai Electricity and Water Authority, it is stated that this event will be held from October 1 to 3 at the Dubai World Trade Center.
This year's participation represents a significant increase in Korean companies from last year, with companies set to showcase the latest technologies and innovative solutions in clean and renewable energy, energy efficiency, water management, sustainability and related sectors.
Saeed Mohammed Al Tayer, MD and CEO of DEWA, founder and chairman of WETEX, said non-oil foreign trade between the UAE and Korea reached about $5.3 billion last year.
According to him, the UAE was Korea's second trading partner in the Arab world and Korea's fourteenth trading partner in 2023, accounting for 20% of Korea's trade with Arab countries.
He added that Korea's direct investment in the UAE is close to 2.2 billion dollars.
The significant increase in Korean companies participating in WETEX this year underlines the importance of the event as a leading global platform for showcasing advanced technologies, innovative solutions and best practices in the water, energy and environment sectors.
WETEX offers extensive opportunities to strengthen cooperation and discover new partnerships that contribute to our common goals of sustainable development.
Spread across three pavilions at WETEX 2024, Korean companies will showcase the latest technologies in renewable energy, including solar and wind power generation systems, energy storage solutions, and innovations that increase energy efficiency and reduce greenhouse gas emissions. .