Investopia 2024 witnessed the signing of two memorandums of understanding (MoUs) between the UAE and the Republic of Korea.
The first MoU was signed by the Dubai Multi Commodities Center (DMCC) and the Korean Institute of Startup and Entrepreneurship Development (KISED), while the second partnership is between the Dubai Future District Fund (DFDF) and the Korea Venture Investment Corporation (KVIC).
The MoUs underline Investopia’s role in enhancing dialogue and connectivity between national and international institutions and bodies, creating promising opportunities for business communities. It contributes to developing new partnerships that support the shift towards new economic sectors, and 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 two agreements were signed in the presence of Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, and Daehee Lee, Deputy Minister at the Korean Ministry of Small and Medium Enterprises and Startups. The first agreement was signed by Ahmed Hamza, Executive Director of the Free Zone, representing the Dubai Multi Commodities Center, and Ganghun. Lee, Vice President of the Korea Institute for Startup and Entrepreneurship Development. Abdul Basset Qaid, Head of Capital Funding at the Dubai Future District Fund, and Hyung-chul Koo, Senior General Manager at KVIC, signed the second MoU.
The agreement between DMCC and KISED aims to provide extensive support to startups and entrepreneurs, fostering mutual benefits and the exchange of experiences. It will facilitate the entry of startups from the UAE and Korea into each other's markets, focusing on new industries like entertainment, digital games, blockchain, and non-fungible token (NFT) technologies.
Simultaneously, the agreement between DFDF and KVIC seeks to strengthen cooperation in venture investments, sharing visions and experiences in startups, and promoting global growth. These agreements deepen the strategic partnership between the UAE and Korea, expanding collaboration in energy, investment, emerging industries, and the new economy. The initiatives reflect Investopia's success in driving global investment projects, encouraging exploration of economic opportunities, and fostering partnerships in various sectors.
Investopia 2024, held in Abu Dhabi in February, brought together investors, government representatives, entrepreneurs, and experts, serving as a platform for creating investment and cooperation opportunities in the new economy sectors. The event hosted over 2,500 participants and featured more than 90 speakers discussing the latest trends in venture capital, the green economy, new generation investment, digital economy, tourism, sports, and technology sectors.
News Source: Emirates News Agency
