Page 339 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

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.

https://smb.vicksburgpost.com/article/UAE-participates-in-ComeUp-2024-in-Korea-to-enhance-
growth-opportunities-for-national-SMEs-and-support-them-in-their-expansion-to-foreign-
markets?storyId=6762879bea7c450008300e7e