The Export-Import Bank of Korea (Kexim) has confirmed to GTR that it has signed a MoU with the Investment Corporation of Dubai (ICD) “to form an alliance to explore international investment and export finance opportunities”.

The alliance will look at opportunities across Asia, the Middle East and Africa and Lee Duk-Hoon, chairman and president of Kexim, says: “We believe that this partnership provides a fantastic platform to promote and develop new investment opportunities in potentially new markets for mutual benefit, alongside a partner of global standing, with complementary competencies and a congruent investment philosophy.”

A Kexim spokesperson informs GTR that the alliance will initially focus on the healthcare, infrastructure and energy sectors, with an ability to be expanded in future.

Sheikh Ahmed bin Saeed Al Maktoum, ICD board member, adds that: “ICD is very pleased to be entering into this venture with Kexim, who provide unparalleled connectivity with the Korean business community that includes many global leading companies with proven export credentials, in addition to the financial strength, acumen, discipline and track record to successfully deliver on investment projects.”