Korea-Qatar LED project on track, says envoy

Korea-Qatar LED project on track, says envoy

source. thebig5hub.com

edited by kcontents 

by Kim Kemp on Aug 25, 2016 

A $34m light emitting diode (LED) plant is soon to be built in Qatar, as a part of the Korea-Qatar LED project.

The Korea-Qatar LED project will produce an initial 500,000 units annually, according to South Korean ambassador Heung Kyeong Park, the Gulf Times reported.

South Korean ambassador Heung Kyeong 

Park on his visit to Qatar. 

A diplomat from the Korean delegation said: "The Korea-Qatar LED project is in progress with a view of producing LED lights tailored for the Middle East and North African market, in co-operation with a Korean LED consortium and a Qatari equivalent. Once talks are concluded, construction of the plant will start either at the end of the year or early next year.

“This is part of our efforts to further enhance cooperation between the Qatari and South Korean small and medium enterprises (SMEs).”

In addition to the plant, a research institute in Qatar is also on the cards. Heung added: "South Korea will also establish an institute which is intended to provide a variety of training programmes on research and development for Qataris."

Additionally, a Korean SME, named 'EPI' and a Qatari company will also have a joint venture to develop a plant that will focus on producing paper construction moulds. Unlike the conventional wood, steel, or aluminium moulds, these products can be recycled to save cost and time.

A Korean IT company, in cooperation with Korean SMEs and a Qatari company, will also take part in the Doha Metro project, Heung added.

Heung outlined how ongoing collaboration to discuss trade and joint ventures between the two countries takes place, with dozens of Korean and Qatari companies sending representatives annually to the two countries.

He said: “They are expected to expand co-operation in manufacturing and in the construction industry. In 2015, some 44 Korean companies and 27 Qatari companies visited each other.”

In addition to the infra projects, Heung said that building and operating healthcare, water, and electricity facilities would be potential areas of collaboration between the two nations.

He highlighted that Korea and Qatar have been “steady partners” in the areas of energy collaboration and infrastructure development, with Korea importing one-third of its gas consumption – 13mn tonnes annually – and more than 10% of its oil consumption, 100 million barrels.

constructionweekonline

kcontents