Page 69 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)
P. 69
4/21/25, 10:20 AM Home | Emirates News Agency
He noted that this collaboration will enhance competitiveness, achieve
developmental goals, and help attract 300 global tech companies and inject nearly
$500 million into the national economy.
He emphasised the UAE’s commitment to establishing an advanced investment
environment that encourages foreign direct investment and expands cooperation
with global companies. In this context, he explained that the NextGen FDI initiative
focuses on providing more incentives that facilitate the entry of foreign companies
into the local market, thereby enhancing opportunities for growth and development.
He added that work is underway to advance discussions in line with the country's
development priorities, expressing his aspiration for further cooperation with
companies whose goals align with the initiative's objectives to achieve further
growth and foster innovation.
The Ministry of Economy announced that Schneider Electric has become a strategic
partner in its NextGen FDI initiative, which seeks to attract pioneering global
companies to the UAE.
The partnership will be aimed at attracting, mentoring and scaling high-potential
start-ups in the sustainability and climate-tech sectors. It will also see Schneider
Electric bring its portfolio companies to the UAE for networking and expansion
opportunities.
Through an ongoing strategic capital allocation strategy, Schneider Electric has
been at the forefront of supporting startups with access to the necessary resources,
tools and partners to scale and grow. The company has empowered category-
defining companies globally in sectors such as climate-tech, industrial AI, mobility,
prop-tech, and cybersecurity.
Under the agreement, Schneider Electric will support the NextGen FDI mission in
two core ways: firstly, to offer go-to-market strategies and incubation for companies
https://www.wam.ae/en/article/bj53fj0-companies-join-ministry-economy’s-nextgen-fdi 2/3
