Page 243 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

1/10/25, 1:48 PM UAE participates in ComeUp 2024 in Korea to enhance growth oppor - The Podcast Park

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 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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