Page 44 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

Press Release

At roundtable meeting attended by 26 representatives from the Emirati and Japanese business

communities

H.E Alia Al Mazrouei highlights UAE market opportunities and
enablers for innovative and entrepreneurial projects to Japanese

business community

>> H.E. Alia Al Mazrouei: The UAE has succeeded in creating a competitive environment

for entrepreneurial activities, and we are keen to engage and facilitate partnerships with the
business community in Japan.

• Inviting the Japanese business community to take advantage of the competitive
environment and incentives provided by the UAE, which offers ideal conditions
for success for investors, entrepreneurs, and innovators.

• Japanese companies are looking to expand their operations in the UAE,
particularly in the sectors of circular economy, sustainability, recycling,
technology, AI, and virtual reality technologies.

Abu Dhabi, 22 December 2024: Her Excellency Alia bint Abdulla Al Mazrouei, Minister of State
for Entrepreneurship, affirmed that the UAE, under the visionary guidance of its wise leadership,
has successfully created a competitive environment for entrepreneurial activities and SMEs,
emerging as a leading global destination for launching and establishing innovative projects in the
new economy, advanced technology, and advanced industries.

This was underscored by the minister during a roundtable titled ‘Prospects for Cooperation
between the UAE and Japan in Entrepreneurship and Innovation,’ held on the sidelines of the
‘Investopia-Tokyo.’ The event was attended by His Excellency Shihab Ahmed Al Faheem, UAE
Ambassador to Japan, and representatives from 26 Emirati and Japanese companies and business
incubators.

H.E. Alia Al Mazrouei briefed the Japanese business community about the UAE’s thriving
business ecosystem, characterised by its flexible and competitive regulations, investor-friendly
policies that facilitate the establishment of businesses and diverse economic activities, and
initiatives tailored to support start-ups and SMEs. “We recently launched the ‘Reyada’ to develop
and stimulate entrepreneurship in the country. This comprehensive program is designed to enhance
the UAE's competitiveness in entrepreneurship across various aspects. These include the
development of policies and legislation, infrastructure improvements, support for the ease of
establishing businesses and the growth of SMEs, providing incentives to drive the growth of these