The Investopia 2024 event in Abu Dhabi has resulted in the signing of two significant memorandums of understanding (MOUs) between the UAE and South Korea. These MOUs highlight the collaboration between the Dubai Multi Commodities Center (DMCC) and the Korean Institute of Startup and Entrepreneurship Development (KISED), as well as the Dubai Future District Fund (DFDF) and the Korea Venture Investment Corporation (KVIC).
These agreements represent a significant step towards enhancing dialogue and connectivity between national and international institutions, creating promising opportunities for business communities. They contribute to the development of new partnerships that support the shift towards new economic sectors, enhancing investment horizons in the venture capital sector, small and medium enterprises, entrepreneurship, financial technology, artificial intelligence, and the circular economy as key sectors that lead the world’s economies to sustainable growth.
The signing of the MOUs was attended by His Excellency Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Investopia, and His Excellency Daehee Lee, Deputy Minister at the Korean Ministry of Small and Medium Enterprises and Startups. The first agreement was signed by Mr. Ahmed Hamza, Executive Director of the Free Zone, representing the Dubai Multi Commodities Center, and Mr. Ganghun Lee, Vice President of the Korea Institute for Startup and Entrepreneurship Development. Meanwhile, Mr. Abdul Basset Qaid, Head of Capital Funding at the Dubai Future District Fund, and Mr. Hyung-chul Koo, Senior General Manager at KVIC, signed the second MOU.
The partnership between DMCC and KISED aims to provide comprehensive support to startups and entrepreneurs, fostering the exchange of experiences to achieve mutual benefit and apply best market practices. It will also facilitate the entry of UAE startups to Korean markets and vice versa, as well as enhance cooperation in new industries such as the entertainment sector, digital games, blockchain, and non-fungible token (NFT) technologies.
On the other hand, the agreement signed between DFDF and KVIC seeks to enhance cooperation in the field of venture investments, share visions and experiences in startups, and expand their global growth, as well as exchange invitations to participate in relevant international events.
These MOUs further strengthen the strategic partnership between the UAE and South Korea in the fields of energy, investment, emerging industry, and new economy sectors. Moreover, they highlight Investopia’s role in driving investment initiatives and projects at the local and global levels, encouraging investors and governments to explore various investment and economic opportunities.
The Investopia 2024 event in Abu Dhabi was a gathering of a wide array of investors, government representatives, entrepreneurs, and experts, providing an ideal platform for establishing partnerships and creating investment and cooperation opportunities within the sectors of the new economy. It witnessed the attendance of more than 2,500 participants and more than 90 speakers who addressed the latest investment and economic trends, including new strategies in venture capital deals, the growth potential of the green economy, new generation investment, and the digital economy, tourism, sports, and technology sectors.
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