Emirates Information Company – Two new Korean corporations have joined Abu Dhabi’s innovation ecosystem

ABU DHABI, seventeenth January 2023 (WAM) — The Abu Dhabi Investments Workplace (ADIO) immediately welcomed two new Korean corporations to the UAE capital’s innovation ecosystem.

H2O Hospitality (H2O) and Korea’s Greatest Group for Sensible Farm Consortium (Okay-BTS Consortium consisting of Pomit, Nongshima, Agro Resolution Korea and MS Group) introduced their plans to relocate to Abu Dhabi throughout a state go to by Yoon Suk Yeol, Chairman Republic of Korea, within the UAE.

H2O, a digital transformation firm within the hospitality and leisure industries, and Okay-BTS Consortium, an AgTech consortium that can develop Korean strawberry varieties with six new sensible farms, will profit from Abu Dhabi’s innovation ecosystem and its dedication to reworking sectors similar to agriculture and catering via expertise.

Abu Dhabi is a longtime progress marketplace for Korean corporations, and in 2021 ADIO opened an workplace in Seoul to develop new relationships between the 2 ecosystems.

With the assist of ADIO, Bespin International, a number one cloud expertise consulting and administration firm, not too long ago opened its MEA headquarters in Abu Dhabi, together with a cloud operations heart and Bespin International coaching academy. . In December, Bespin International fashioned a three way partnership with UAE-based e&, a part of e& (previously generally known as Etisalat Group), to supply cloud administration {and professional} companies within the Center East, Turkey, Africa and Pakistan (METAP) area.

Appearing CEO of ADIO Abdulla Abdul Aziz AlShamsi stated: “Cooperation between the UAE and Korea spans a long time and is intertwined in lots of sectors. Lately, the ecosystem and infrastructure in Abu Dhabi has confirmed to be a super base for progressive Korean corporations similar to Bespin International , H2O and Okay-BTS consortium seeking to set up or develop their regional operations.

“ADIO is delighted to welcome the following era of Korean corporations to Abu Dhabi and appears ahead to seeing them construct on our shared historical past to convey new concepts and options to life.”

H2O automates resort check-in and check-out processes by digitalizing current guide duties, enabling paperless and contactless resort operations that enhance effectivity and profitability. H2O at present operates greater than 40,000 rooms in Korea, Japan and Southeast Asia, and can set up its MEA headquarters in Abu Dhabi, which is able to embody an R&D heart and a digital transformation academy for the hospitality trade.

As soon as operational, H2O MEA will assist Abu Dhabi’s management within the digital transformation areas of sensible tourism and hospitality.

H2O Hospitality Founder and CEO John LEE stated: “H2O is main the digital transformation of resorts in main vacationer cities around the globe, enabling resorts to construct sustainability with out counting on reserving businesses. Lately, the tourism trade within the Center East, similar to Dubai Expo, GITEX, D33 and the Qatar 2022 FIFA World Cup have attracted worldwide consideration.We wish to create synergy collectively and assist the UAE to grow to be the hub of the worldwide tourism trade.

The Okay-BTS consortium will leverage Abu Dhabi’s management in agricultural expertise to function six sensible farms that produce contemporary Korean strawberries year-round within the UAE capital. Korean strawberry varieties are identified for his or her dimension, sweetness and style.

Korea’s Greatest Sensible Farm Group Consortium is a three way partnership with native strategic companion Al Marina Holding and consists of Pomit, Nongshim, Agro Resolution Korea and MS Group. The funding within the financial system of Abu Dhabi is estimated at 16 million US {dollars}. The Korean consortium will profit from Abu Dhabi’s innovation ecosystem to extend the effectivity of sustainable agriculture and proceed to develop the provision of high quality native merchandise.

Basic Supervisor of Pomit’s MENA workplace, Sang Hoon YANG, stated: “We selected Abu Dhabi as the primary GCC nation to localize Korea’s sensible strawberry farm applied sciences, as a result of a wise strawberry farm requires essentially the most infrastructure and markets. in agricultural applied sciences for superior merchandise We plan to develop to different nations within the Center East, Africa and Europe constructing on the success in Abu Dhabi within the close to future. The Okay-BTS consortium will, with an area companion, exit Okay-Strawberry into different excessive worth crops.”

H2O and Okay-BTS Consortium had been within the UAE to attend the Korea-UAE Enterprise Discussion board in Abu Dhabi, attended by over 120 Korean authorities officers and firms.

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