Muscat, The Sultanate and the Republic of
Korea today signed a Memorandum of Understanding (MoU) on
cooperation between the two sides to establish Smart Cities.
The MoU was signed on the sidelines of the Omani-Korean
Business Forum, which was organised for one day. The forum aims to
develop a study on the importance of investment factors, projects and
fields in relation to Smart Cities in the Special Economic Zone in Duqm
The MoU was signed by Dr. Ali bin Mas’oud al-Sunaidy, Minister of
Commerce and Industry whilst it was signed from the Korean side by
Son Byeong Suk, Vice Minister of Land and Infrastructure.
This MoU comes within the framework of the factors needed by
the economic zones, such as SEZD by establishing these Smart Cities.
There is coordination between the Special Economic Zone
Authority in Duqm (SEZAD) and the Korean side in the field of
preparing a draft to conduct some studies on the vision of Smart Cities,
which became the key engine of many economies around the world.
Source: Oman News Agency