Dubai, UAE—In a bid to fortify economic bonds between the Middle East and South Korea, the highly anticipated K-Business Day in the Middle East event recently took place, serving as a pivotal platform for fostering robust economic cooperation and exploring mutually advantageous opportunities between the two regions. Among the event's notable highlights was the groundbreaking agreement between UNIWIN, a prominent Korean corporation, and Sherbiny, a leading Saudi Arabian enterprise in the energy sector.
On June 12th, In the presence of esteemed dignitaries, including H.E. Dr. Young Lee, Minister of SMEs and Startups, and H.E. Am Marri, Minister of Economy UAE; representatives from UNIWIN and Sherbiny convened to commemorate a momentous milestone—the signing of a Memorandum of Understanding (MoU) agreement. This significant agreement propels the partnership between the two companies forward, as they embark on a collaborative journey to introduce and commercialize cutting-edge hydrogen recovery systems technology.
The agreement between UNIWIN and Sherbiny encompasses two significant aspects. Firstly, it involves an exclusive distribution agreement, granting Sherbiny the authority to represent and offer UNIWIN's products and current electro chlorination technology in the Saudi Market. Secondly, Memorandum of Understanding (MoU) agreement was signed, specifically focusing on UNIWIN's cutting-edge hydrogen recovery systems.
The signing involved Mr. Majed Sherbiny, CEO of Sherbiny, and Kevin Shin, CEO of UNIWIN. Additionally, the President of UNIWIN, Justin Shin, and the Business Development Manager, Ahmed Alnaimi, from Sherbiny, along with the Technical Consultant, Peter Bukovinszky, were present to contribute their expertise and engage in collaborative discussions to develop strategic plans for this promising partnership.
UNIWIN's hydrogen recovery systems, leveraging state-of-the-art and optimized electrolyte-based technology, are poised to revolutionize the energy industry. These advanced systems demonstrate an unprecedented capability to extract and capture hydrogen gas—an environmentally friendly and sustainable energy source—from diverse industrial processes. This breakthrough technology not only holds immense promise for environmental benefits but also opens up novel avenues for energy production and utilization.
The UNIWIN-Sherbiny agreement showcases international cooperation and cross-border partnerships between South Korea and Saudi Arabia. Aligned with Sherbiny's values and the Saudi Vision 2030, this collaboration paves the way for future-proof ventures driving economic growth.
The UNIWIN-Sherbiny agreement is a remarkable milestone in the economic cooperation between South Korea and Saudi Arabia, showcasing their dedication to fostering ties and advancing sustainable energy solutions. It symbolizes the transformative potential of hydrogen recovery systems in revolutionizing the global energy landscape.
