Page 357 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

1/10/25, 2:22 PM UAE participates in ComeUp 2024 in Korea to enhance growth oppor - NEWSnet Waco- K03IJ
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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