The UAE and South Korea have launched a joint cooperation program to give a further boost to the growing ecosystem of entrepreneurship and SMEs in the Emirates. They are also working to enhance funding mechanisms and competitiveness in order to increase the contribution of new sectors to the overall economic growth. The 11-month program will see participation from 11 federal and local authorities concerned with entrepreneurship and SMEs in the UAE, including the Ministry of Finance, Central Bank of the UAE, Khalifa Fund for Enterprise Development, and the Mohammed bin Rashid Establishment for SME Development. From the Korean side, the Korea Development Institute, Korea Institute of Government Procurement, Hanyang University, and several o