The South Korean consortium, comprised of the Korea National Railway, Korea Railroad Corp., Hyundai Rotem Co., and POSCO E&C Co., is competing with a Chinese rival for the $13.6 billion high-speed railway project in the UAE. The consortium, led by South Korean Transport Minister Park Sang-woo, has passed the pre-qualification stage and is focusing on technology transfer and product quality. Minister Park highlighted South Korea's advantage in localization and on-time project completion. Winning the UAE project could open up opportunities for South Korea in the global construction market, following successful deals in countries like Morocco and Uzbekistan. Additionally, South Korea is working on developing hydrogen-powered trains to support decarbonization efforts in the transport sector, with a goal to commercialize them by 2028 and lead the expanding $26.4 billion hydrogen train market by 2035.