Page 183 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

1/10/25, 1:37 PM UAE participates in ComeUp 2024 in Korea to enhance growth opportunities for national SMEs and support them in their expansion…

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UAE participates in ComeUp 2024 in Korea to enhance growth opportunities for
national SMEs and support them in their expansion to foreign markets

By: 24-7 Press Release December 18, 2024 at 03:00 AM EST

UAE delegation included 28 SMEs that showcased their products & services based on advanced technology

DUBAI, UAE, December 18, 2024 /24-7PressRelease/ -- A United Arab Emirates (UAE) delegation, led by Her Excellency Alia bint
Abdullah Al Mazrouei, UAE Minister of State for Entrepreneurship, participated in the ComeUp startup festival held in the Korean
capital, Seoul, recently on December 2024. The UAE's participation in the forum was aimed at enhancing cooperation with Korea in
the fields of entrepreneurship, SMEs, advanced technology and innovation, and exchanging experiences and policy frameworks in
these fields.

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 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

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