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1/2/25, 5:13 PM UAE-Korea SME Committee holds first meeting to enhance partnerships in entrepreneurship, startups and innovation between t…

UAE-Korea SME Committee holds first meeting to
enhance partnerships in entrepreneurship, startups
and innovation between the two countries

Meeting takes place on the sidelines of the UAE delegation’s participation in ComeUp Korea startup festival

Abu Dhabi, 11 December 2024:

The UAE-Korea SMEs and Startup Committee held its first meeting in the Korean capital, Seoul, chaired by Her
Excellency Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, and Her Excellency Oh Youngju,
Korean Minister of SMEs and Startups. The meeting was aimed at strengthening the partnership between the two
countries in the fields of entrepreneurship, startups and innovation, and boosting cooperation between relevant
institutions and stakeholders on both sides. The meeting took place on the sidelines of the UAE delegation’s visit to
Korea to participate in the ‘ComeUp 2024’ startup festival held on December 11 and 12.

In this regard, Her Excellency Alia Al Mazrouei emphasized the strength and vitality of the UAE-Korea relations, which
are characterized by distinguished and advanced strategic partnerships in all fields and the exchange of high-level
visits. The most recent of this was the visit of UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan to
Korea last May, during which, the two countries signed the Comprehensive Economic Partnership Agreement
expanding the fields of economic and investment cooperation.

Her Excellency said: “We are keen to enhance cooperation with our partners in the Korean government in the field of
SMEs and the Committee meeting is an important step in supporting the competitiveness of the entrepreneurial
environment in the markets of the two countries. It enhances our efforts to provide more enablers that increase our
markets’ attractiveness to entrepreneurs and startups. Besides, it helps us capitalize on the advanced infrastructure
and flexible legislative policies offered by both the UAE and Korea to support startup owners and motivate them to
achieve more innovation and creativity.”
Her Excellency added: 'The topics and themes discussed by the Committee meeting today will play a key role in
expanding the partnership between the two countries in the field of entrepreneurship and enhancing SMEs’ ability to
benefit from the economic strengths of both countries.' Her Excellency pointed out that the Ministry of Economy is
committed to providing all forms of support to Korean SMEs wishing to expand and invest in the UAE markets and
enhancing cooperation to achieve the Committee's goals.
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