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1/10/25, 2:23 PM Press Releases | Washington City Paper

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

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