Page 285 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

1/10/25, 1:54 PM Taylorsville Journal | Educating | Entertaining | Informing | Press Releases

UAE participates in ComeUp 2024 in
Korea to enhance growth

opportunities for national SMEs and

support them in their expansion to
foreign markets

24-7 Press Release Newswire Wednesday, December 18, 2024 at 12:00pm GMT+4

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.

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