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

(SEZD).

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