DMCC Partners with Korea’s NIPA to Boost AI & Startups

Dubai, UAE – September 2025: DMCC, Dubai’s leading international business hub, has taken a major step to strengthen its presence in Asia by signing a strategic partnership with South Korea’s National IT Industry Promotion Agency (NIPA). This landmark agreement was announced during DMCC’s Made For Trade Live event in Seoul, which brought together 130 Korean government officials, business leaders, and entrepreneurs.

The Memorandum of Understanding (MoU) aims to create a framework for collaboration between DMCC and NIPA, focusing on artificial intelligence (AI), information and communication technology (ICT), and innovation-driven startup growth. Under this partnership, South Korean companies will receive tailored support from DMCC, including access to capital, business guidance, and integration into Dubai’s thriving technology ecosystem.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel 

DMCC’s Growing Role as a Launchpad for Korean Businesses

DMCC is already home to over 110 South Korean companies, reflecting strong growth in recent years. This partnership further strengthens Dubai’s position as the preferred hub for Korean businesses looking to expand into the Middle East.

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said, “Our partnership with NIPA is a pivotal step in unlocking new capital flows between the UAE and Korea, accelerating technology transfer, and supporting the next wave of AI and advanced-technology startups to scale globally from Dubai.”

He added that the agreement comes at a significant time as the UAE–Korea Comprehensive Economic Partnership Agreement (CEPA) approaches full implementation. This agreement is expected to enhance trade and investment opportunities between the two nations, creating more avenues for collaboration and growth.

Yun Kyu Park, President of NIPA, highlighted the importance of this partnership, saying, “This agreement is a major step in building a mutually beneficial partnership. By combining Dubai’s resources and support with Korea’s technological expertise, our companies can compete globally and thrive in new markets.”

Supporting Korean Startups Through Dubai

One of the key goals of this partnership is to help Korean startups expand internationally. DMCC will provide support in several ways:

• Access to Capital: South Korean companies will get guidance on investment opportunities and funding options available in Dubai.

• Market Entry Support: DMCC will help these companies navigate the UAE market and expand into the broader Middle East, Africa, and South Asia.

• Integration into the Tech Ecosystem: Eligible companies can join Dubai’s growing technology community, which now houses nearly 3,400 firms across various sectors.

This support is particularly important for technology startups in AI and ICT, as these sectors are expected to drive the next wave of innovation globally.

Made For Trade Live: A Platform for Global Collaboration

The announcement was made during the Seoul edition of DMCC’s Made For Trade Live, a high-profile event that connects global business leaders, government officials, and investors. The Seoul event was held in collaboration with AcceleratorGCC and supported by NIPA. It gathered 130 participants to explore how Dubai can serve as a gateway for Korean companies into new markets.

The event showcased Dubai’s advantages, including:

• Business Infrastructure: Modern office spaces, logistics, and trade facilities to support international companies.

• Capital Access: Opportunities for investment and funding to help startups grow.

• Regulatory Clarity: Transparent rules and guidance to make it easier for companies to operate in the region.

DMCC’s global roadshow, of which Seoul was a part, aims to highlight Dubai’s competitive edge to key international markets and strengthen its role as a major global business hub.

Dubai-Korea Ties: Technology and Trade Collaboration

South Korea is widely recognized as one of the world’s leading digital economies, with advanced technology, robust digital infrastructure, and a strong culture of innovation. By partnering with NIPA, DMCC seeks to leverage Korea’s expertise to accelerate technology transfer and innovation-led growth in Dubai.

This collaboration will focus on areas where each partner has strengths:

• Dubai: Offers capital, strategic location, infrastructure, and access to high-growth markets across the Middle East.

• South Korea: Brings technological expertise, innovative startups, and advanced AI and ICT solutions.

Together, both nations aim to strengthen their ability to compete globally and drive growth in high-tech sectors.

DMCC’s Impact on Dubai’s Economy

DMCC plays a critical role in Dubai’s economy. With nearly 26,000 member companies, it contributes significantly to foreign direct investment (FDI) and GDP:

• Accounts for 15% of Dubai’s annual FDI inflows

• Contributes 7% of Dubai’s GDP

• Serves as a gateway for international businesses to expand into the Middle East

The growing presence of Korean companies in DMCC reflects the increasing interest of foreign firms in leveraging Dubai as a launchpad for regional expansion. Over the past 12 months, the number of South Korean companies in DMCC grew by 16%, highlighting the strong demand from Korean businesses seeking new markets.

A Vision for the Future

The partnership between DMCC and NIPA is not just about trade—it represents a shared vision for the future of innovation and technology collaboration. It aims to create new opportunities for startups, enhance global competitiveness, and build strong economic ties between Dubai and South Korea.

Through this agreement, DMCC reinforces its role as a bridge between Asia and the Middle East, providing a platform for knowledge exchange, capital flows, and business growth. As both nations continue to work together, the partnership is expected to pave the way for further collaborations in AI, digital technology, and advanced innovation.

DMCC’s strategic partnership with Korea’s NIPA marks an important milestone in Dubai’s global trade strategy. By fostering collaboration in AI, ICT, and startup growth, this agreement strengthens Dubai’s position as a hub for international business and innovation. With the support of DMCC, South Korean companies can now explore new markets, access investment opportunities, and integrate into Dubai’s vibrant business ecosystem, creating a mutually beneficial relationship that is set to grow in the coming years.

This agreement highlights Dubai’s commitment to innovation, international partnerships, and sustainable economic growth, ensuring that both Dubai and South Korea remain at the forefront of global technological development.

#Best News Network In Dubai #Dubai breaking news today #Dubai latest updates #Dubai #UAE NEWS #Top News Channel Dubai #dubai news #dubai newspaper #dubai news channel #latest news dubai