Page 99 - MOE ENGLISH PR REPORT - DECEMBER 2024 (International)

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

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