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South Korea and the UAE have entered into a cooperative agreement valued at over $65 billion, with $35 billion allocated for defense projects and $30 billion for investment initiatives. Key areas include artificial intelligence, nuclear energy, and defense.

A memorandum of understanding was signed to enhance collaboration across the defense industry lifecycle. The two countries plan to finalize specific investment details during a summit in May. Kang Hoon-sik, the South Korean envoy, visited the UAE to strengthen ties and deliver a message from President Lee Jae Myung. Enhanced collaboration in nuclear energy will leverage past experiences with the Barakah Nuclear Power Plant.