Page 177 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

1/10/25, 1:35 PM UAE participates in ComeUp 2024 in Korea to enhance growth oppor - KOTA

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 available across various vital sectors.

The forum featured a session focused on the UAE, titled "The UAE: Your First Gateway to

Business and Investment." In addition, several UAE entrepreneurs delivered impressive

presentations on their pioneering projects and products during various sessions and held
meetings with investors and venture capitalists who participated in the exhibition.

Furthermore, Her Excellency Alia Al Mazrouei attended the MoU signing between the

UAE's Digitalstores and Shukran Korea, aimed at enhancing the opportunities for the

expansion of Korean companies to the UAE, particularly in the fields of storage and
delivery. H.E. also attended the signing of an MoU between Remal IoT and Sungjin

Techwin, which saw both parties agree to merge under the name Remal.

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