Page 348 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

1/10/25, 2:21 PM UAE participates in ComeUp 2024 in Korea to enhance growth opportunities for national SMEs and support them in their expansion…
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

https://business.times-online.com/times-online/article/247pressrelease-2024-12-18-uae-participates-in-comeup-2024-in-korea-to-enhance-growth-opp… 2/3