CJ chairman bets on food, entertainment biz with UAE

CJ Group Chairman Lee Jae-hyun visited the United Arab Emirates to bolster the group’s food, beauty and entertainment businesses in the country and across the Middle East. The visit to Abu Dhabi marked the end of his tour of the group’s major global markets this year, which began in Japan and continued through the United States and the United Kingdom. During his weeklong visit to the UAE, which began on Dec. 6, Lee met Khaldoon Al Mubarak, chairman of the Abu Dhabi Executive Affairs Authority and CEO of state-run Mubadala Investment Company. The meeting followed their previous encounter in London in September. Khaldoon was also a key figure behind Korean President Lee Jae Myung’s summit with UAE President Mohamed bin Zayed Al Nahyan in Abu Dhabi last month. The CJ Group chairman also met Mohamed Al Mubarak, chairman of the Department of Culture and Tourism, and Abdullah Al Hamed, chairman of the UAE Government Media Office, during the visit. In his Abu Dhabi meetings, he sought to forge new business partnerships with the UAE government and local firms in the media, content, tourism