Page 240 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

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 held meetings with investors and venture

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