Hanwha Systems Opens 'UAE Branch' as Key Export Hub in the Middle East
"Exploring Export Opportunities Through Collaboration with Promising Partners"
[Asia Economy Reporter Kim Pyeonghwa] Hanwha Systems announced on the 13th that it has opened an overseas branch in the United Arab Emirates (UAE). Since it exported the Cheongung-II multi-function radar (Multi Function Radar), a medium-range surface-to-air guided missile system, to the UAE in January last year for approximately 1.3 trillion KRW, the company established a local branch to ensure successful business execution in the Middle Eastern market.
At the opening ceremony of Hanwha Systems Abu Dhabi branch held on the 12th, key figures from the Tawazun Economic Council under the UAE Ministry of Defense and the UAE Armed Forces' AFAD attended. Personnel from the Republic of Korea Air Force dispatched unit, the Korean Embassy in the UAE, and Hanwha Systems CEO Eo Seongcheol were also present.
At the opening ceremony of Hanwha Systems' Abu Dhabi branch, domestic and international officials, including Eo Seong-cheol, CEO of Hanwha Systems (fifth from the left in the front row), are taking a commemorative photo. / Photo by Hanwha Systems
View original imageThe Abu Dhabi branch will serve as a foothold for Hanwha Systems' overseas business expansion. The company plans to actively conduct sales activities and expand its business to neighboring countries such as Saudi Arabia. In particular, it aims to strengthen networks with key local partners to ensure smooth execution and support of the UAE Cheongung-II project and to develop follow-up radar projects.
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Hanwha Systems expects the Abu Dhabi branch to become a core hub for its Middle East business. CEO Eo Seongcheol stated, “The Abu Dhabi branch will be an advanced base to pioneer the Gulf Cooperation Council (GCC) and North African markets. We will seek new export opportunities through technological and business cooperation with promising local partners in the future,” adding, “We will do our best to contribute to strengthening national power not only domestically but also in various countries.”
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