Thursday, July 18, 2019
UAE Crown Prince Mohammed to Visit Samsung Electronics on Feb. 26
Following Recent Meeting with Samsung Vice Chairman Lee
UAE Crown Prince Mohammed to Visit Samsung Electronics on Feb. 26
  • By Michael Herh
  • February 18, 2019, 12:15
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Lee Jae-yong (left), vice chairman of Samsung Electronics, talks with Sheikh Mohammed bin Zayed Al Nayan, crown prince of Abu Dhabi and deputy commander-in-chief of the UAE Air Force in Abu Dhabi, on Feb. 11.

Crown Prince Sheikh Mohammed bin Zayed Al Nahyan of Abu Dhabi, the United Arab Emirates (UAE) will visit Korea on Feb. 26 and take a tour of Samsung Electronics factories.

The crown prince is scheduled to visit Samsung Electronics’s factory in Suwon and its semiconductor plant in Hwaseong in Gyeonggi Province on Feb. 26, said sources in the electronics industry on Feb. 17. The Suwon factory produces network equipment for 5G mobile services for domestic and overseas carriers. At the semiconductor plant known as Hwasung Campus in Hwaseong, Samsung Electronics is currently building an extreme ultra-violet (EUV)-based 7-nanometer process semiconductor line with an investment of 6.5 trillion won. Scheduled to be completed in the second half of this year, the new line will elevate the company’s prowess to a new level.

Mohammed will discuss cooperation with Samsung in information and communication technology (ICT) and construction after touring the Samsung Electronics factories. Mohammed is a half brother of Sheikh Khalifa bin Zayed Al Nahyan, the president of the UAE, and has a firm grip on the whole country.

The crown prince is the person who selected the Korean APR-1400 Light-Water Reactor for the UAE’s Baraka Nuclear Power Plant project. However, the new South Korean government’s nuclear phase-out policy led the UAE to make some moves that South Korea did not expect. Back in December, 2017, Lim Jong-seok, chief presidential secretary at Cheong Wa Dae (the White House of South Korea) flew to the UAE a special envoy of President Moon Jae-in and met with the crown prince to mend fences.

Samsung Group has accelerated its penetration of the Middle Eastern market, which is a big market with great future potential. Burj Khalifa, the world's tallest building with 162 floors above ground in Dubai, was completed in 2009 by Samsung C&T, the group’s construction business arm. Samsung Electronics is displaying Samsung's IT products at the Samsung Experience Store, which is set up at Dubai Mall inside the edifice.

The crown prince’s visit to Korea follows Samsung vice chairman Lee’s meeting with him in the UAE on Feb. 11.