South Korea and the United Arab Emirates (UAE) strengthened their future-oriented cooperation in industry, trade and energy on Wednesday. During the presidential summit meeting, the two countries signed eight agreements, letters of investment intent and memoranda of understanding across various sectors.

Notable agreements include the Korea-UAE Comprehensive Economic Partnership Agreement (CEPA), a memorandum of understanding on carbon capture and storage cooperation and a strategic agreement on joint development of clean hydrogen production and introduction. The two countries also discussed expanding their joint oil stockpiling project and signed letters of intent to construct liquefied natural gas (LNG) carriers.