Lee Young, Meeting with UAE Minister of Economy... Discussing Corporate Investment and Middle East Expansion Plans

Lee Young, Minister of SMEs and Startups, held a bilateral meeting with Abdulla Bin Touq Al Marri, Minister of Economy of the United Arab Emirates, on the 6th at the 63 Building in Yeouido, Seoul.

Lee Young, Minister of SMEs and Startups, is taking a commemorative photo after a bilateral meeting with Abdullah bin Touq Al Marri, UAE Minister of Economy, at the 63 Building in Yeouido, Seoul on the 6th.

The two first met in January during President Yoon Suk-yeol's state visit to the UAE to sign a memorandum of understanding on cooperation in SMEs and startups. As a follow-up, last month, the Ministry of SMEs and Startups and the UAE Ministry of Economy jointly hosted a trade, technology, and investment consultation meeting in Dubai, attended by Korean companies and Middle Eastern buyers and investors, where they reunited.

This meeting was arranged once again in Seoul to discuss more concrete future cooperation between the two ministries.

At this meeting, the focus was on ways to cooperate so that Korean SMEs and startups can enter the UAE market, attract investment, and create a virtuous cycle expanding throughout the Middle East.

Plans are based on exchanges between COMEUP, Korea's representative startup festival, and Investopia, the UAE's investment networking event.

Minister Lee stated, "Based on the trust built so far, concrete discussions on cooperation projects for the second half of this year and next year were held. We share the recognition that SMEs and startups are at the center of Korea-UAE economic cooperation, and agreed to continue joint efforts to revitalize trade and investment between the two countries."

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