Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Korea LED project to start production soon: Envoy  Join our daily free Newsletter

MENAFN - The Peninsula - 12/01/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) Ambassador of South Korea to Qatar, Heung-kyeong Park, said yesterday that Qatar-Korea LED project with an initial capacity of producing 0.5 million MENA-tailored LED lights per year will soon become operational.
'Hopefully, the project will start its production soon. Korea-Qatar LED project is in progress with a view to producing MENA-tailored LED lights as a collaboration between Korean LED consortium and its Qatari counterpart. The initial phase of the LED plant will be built at a cost of 34m and produce 500,000 units of LED lights per annum, said Park in an exclusive interview with The Peninsula. He said in addition to LED production unit at Industrial Area, a research institute will be established for R & D.
The ambassador said that a South Korean company in collaboration with a Qatari company will build a plant in Qatar to produce special paper production moulds, which can be recycled and save cost and time differently from conventional moulds of wood, steel, or aluminum.
With respect to Qatar's greenhouse farming projects to enhance food security, the ambassador said that indoor farming or vertical farming was a promising area of cooperation between Korea and Qatar.
'Vertical farming requires advanced agricultural techniques and experience, LED lights and IT technologies, all of which I believe Korea possesses."

South Korean ambassador impressed by Qatar National Vision 2030

"Recently I visited a commercial indoor farm in Al Khor, which is producing mushroom, fruits and vegetables all the year round. I think our bilateral cooperation could facilitate a sustainable agriculture overcoming adverse weather conditions in Qatar, he added.
The ambassador said he was impressed by the Qatar National Vision 2030 developed under the guidance of Emir H H Sheikh Tamim bin Hamad Al Thani, 'which I think functions as a guiding platform of balanced development plans for Qatar.
'Likewise, the leadership of Qatar is far-sighted and cautious in formulating domestic development plans and foreign policies, he observed. He said that Korean companies, due to specialized skills, could play an important role in developing 2022 World Cup related projects.
'Since South Koreahosted 1988 Olympic Games and 2002 World Cup, Korea is willing to provide any possible assistance to Qatar in the preparations for 2022 World Cup. In this context, many Korean companies are looking for mutually beneficial projects related to 2022 World Cup.


On bilateral trade, PARK said that currently, Korea was importing one third of its annual LNG requirements (12 million tons) and 10% of its oil (100 million barrels) from Qatar. 'Two-way trade volume has decreased from 26.6bn in 2014 to 17.1bn in 2015 and 9.5bn in 2016 (until November) due to the low oil price. If oil and gas price bounces back, the trade volume would increase accordingly.
The two countries are expanding relations from energy and infrastructure cooperation to healthcare, education and other areas. The ambassador said both have signed an MoU for cooperation in Science & Technology Research and Development.
'Both governments have also agreed to hold a meeting of the Korea-Qatar Joint committee on ICT in order to develop joint ICT projects, he added.
As for healthcare, the ambassador said that Qatar-Korea medical forum took place in Doha in November last year. 'A 19-member Korean medical team and tens of Qatari counterparts from Hamad Medical Corporation (HMC) participated in the forum to share knowledge and experience through workshop and live surgeries in the areas of liver transplantation, orthopaedics and cardiology. Seven patients including the ones planted artificial knee-joints and livers have fully recovered now, he added.
'An MoU on educational cooperation was signed in 2015. Both Korean governments agreed to make efforts to strengthen educational cooperation including in STEAM, education curriculum development such as scientific education programme, teachers' training and e-learning at the ministerial meeting last December, he said, adding that a Korean lecturer started teaching Korean language at Qatar University last September.
He said that his country had the honour of constructing Doha's iconic Sheraton Hotel. 'Since then many Korean construction companies have participated in various infrastructure projects such as Lusail Expressway, Umm Haul Power and Desalination plants, he said.

MENAFN1201201700630000ID1095179882

 


The Peninsula




  MENA News Headlines
 Jan 21 2017 - Joleon Lescott: Sunderland mulling over signing the free agentThe Peninsula
(MENAFN - The Peninsula) According to reports, Sunderland are considering making a move for veteran defender Joleon Lescott. The former Man City and Everton star, who is now a free agent, ...

 Jan 21 2017 - The Mind of Conte: How Chelsea's fluid front trio tore Leicester apartThe Peninsula
(MENAFN - The Peninsula) Amid all the speculation around Diego Costa and his future at the club, Chelsea produced a convincing performance away to Leicester last Saturday, which was exactly what the ...

 Jan 21 2017 - Williams shocked at deadly Melbourne rampageThe Peninsula
(MENAFN - The Peninsula) Melbourne:Serena Williams Saturday expressed her shock at the deadly rampage at a Melbourne shopping strip, as the Australian Open observed a minute's silence for the ...

 Jan 21 2017 - Syrian refugee, tripped by journalist, 'sad but hopeful'The Peninsula
(MENAFN - The Peninsula) Getafe, Spain: Over a year after arriving in Spain, the Syrian refugee who made headlines when a Hungarian journalist tripped him up as he fled police is still waiting for ...

 Jan 21 2017 - Solar energy in UAE expected to hit low records in 2017MENAFN
(MENAFN) An Emirati senior executive told press that solar energy costs will witness record lows this year in UAE, following two world records set in Dubai and Abu Dhabi last year.Ivano Iannelli, CEO ...

 Jan 21 2017 - Three Egyptian oil firms' budgets endorsed by Finance MinisterMENAFN
(MENAFN) According to Egyptian Petroleum Minister Tarek El -Molla, the planning budgets of three oil firms for financial year 2017/18 have been endorsed.The Minister headed the meeting of general ...

 Jan 21 2017 - Emaar to build new tower in Dubai Creek HarbourMENAFN
(MENAFN) Dubai-based Emaar Properties PJSC will launch Creek Gate, a new residential project in Dubai Creek Harbour next week, registered brokers told Zawya Projects. According to a real estate agent ...

 Jan 21 2017 - Nigeria air strike death toll hits 90Gulf Times
(MENAFN - Gulf Times) The death toll from a botched Nigerian air strike against Boko Haram that hit a camp for displaced people has risen to 90, and could climb as high as 170, Doctors Without ...

 Jan 21 2017 - WEF, UCSB-SBI unveil partnership to protect ocean economyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) DAVOS, Switzerland, Jan 20 (KUNA) -- The World Economic Forum (WEF) and the University of California Santa Barbara's Marine Science Institute (UCSB-SBI) on Friday ...

 Jan 21 2017 - Trump has to define America's role in new world order - KissingerKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) DAVOS, Switzerland, Jan 20 (KUNA) -- With the international order in place since World War II breaking down, the new president of the United States, Donald J. ...

more...


 





Google

Easy Forex
 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help