South Korea eyes opportunities in Jordan’s economy

deadsea davidjones flickrThe Red Sea-Dead Sea Water Conveyance Project is a mixed development between Jordan, Palestine and Israel to make better use of the water in the sea for desalination and electricity generation. (Image source: David Jones/Flickr)South Korea has expressed its desire to engage with Jordan’s energy, water and manufacturing sectors, after Jordan’s King Abdullah met South Korean National Assembly speaker Chung Ui-hwa in Seoul

Among several issues, economic cooperation between the two nations was acknowledged by the delegates, stated local reports from Jordan.

Specifically, South Korea showed interest in Jordan’s Red Sea-Dead Sea Water Conveyance Project, and discussed prospects for it to participate in implementing the project. The Red Sea-Dead Sea Water Conveyance Project, a joint undertaking between the governments of Jordan, Palestine and Israel, aims to save the Dead Sea from environmental degradation. Authorities from the three countries, along with the World Bank, are working towards desalination projects and electricity generation schemes that could benefit the region.

In addition, South Korea also reviewed Jordan’s plans to invest in alternative energy and its desire to shift to electric vehicles for transportation.

The South Korean delegation also had a chance to witness the various opportunities present in the Aqaba Special Economic Zone Authority (ASEZA). Jordanian officials revealed their plans to capitalise on economic and tourism relations with key players in the South Korean tourism, labour and trade industries.

Possibilities of operating direct flights between Seoul and Amman were also discussed by Ui-hwa and Abdullah.

Overall, Chung Ui-hwa emphasised on the enhanced cooperation between Jordan and South Korea, and underlined opportunities that would expand economic relations between the two countries.

 

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