Page 360 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

1/10/25, 2:23 PM UAE participates in ComeUp 2024 in Korea to enhance growth opportunities for national SMEs and support them in their expansion…

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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