Page 102 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

1/10/25, 1:25 PM UAE participates in ComeUp 2024 in Korea to enhance growth opportunities for national SMEs and support them in their expansion…
The UAE pavilion at the exhibition, set up by the Ministry of Economy,

showcased 28 small and medium-sized companies who highlighted their

products and services that harness latest technological solutions and AI, enabling

them to attract investments that aid business growth.

Her Excellency said: "The UAE delegation's participation in the exhibition this

year represents an important milestone in our efforts to support the economic

relations between the two countries in the field of entrepreneurship. It is also an

ideal opportunity to open new global markets for the UAE's SMEs and support

them in promoting their projects to a large base of investors in Korea and many

countries around the world. These efforts are of great significance since SMEs

constitute 94% of the total companies operating in the UAE markets, and

contribute 63.5% to our non-oil GDP."

"The UAE Ministry of Economy is committed to providing all forms of support

to Emirati entrepreneurs and creating a supportive environment for the growth

of their businesses, enabling them to attract investments and promote their

products and services in foreign markets. This is in line with the objectives of

the National Agenda for Entrepreneurship and SMEs, which aims make the

UAE a true entrepreneurial nation by 2031," she added.

Her Excellency Alia Al Mazrouei shed light on the initiatives under the UAE's

new entrepreneurship system, which aims to sustain the UAE's leadership and

competitiveness in this field and increase the rate of success for entrepreneurs

from 30 percent to 50 percent by 2031. Her Excellency Alia Al Mazrouei urged

Korean investors and entrepreneurs to capitalize on the UAE's dynamic

entrepreneurial environment and explore business and partnership opportunities

https://business.bigspringherald.com/bigspringherald/article/247pressrelease-2024-12-18-uae-participates-in-comeup-2024-in-korea-to-enhance-growt… 2/3