Page 72 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/21/25, 10:21 AM 90 companies join Ministry of Economy’s NextGen FDI programme - Aletihad News Center
economy, including artificial intelligence, blockchain, robotics, the Internet of Things, biotechnology, renewable energy,
smart mobility, fintech, semiconductors, wireless communications, sustainability, and climate technology.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, told the Emirates News Agency (WAM) that

the NextGen FDI initiative continues to attract global companies operating in strategic sectors, in cooperation with
relevant partners and entities within the country.

He noted that this collaboration will enhance competitiveness, achieve developmental goals, 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 startups 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 onboarded to the programme, including potential collaborations with
Schneider Electric’s own projects, and secondly to introduce existing startups from the Schneider Electric global

portfolio to the initiative.

Launched in 2022, the NextGen FDI initiative is a key pillar of the UAE’s drive to diversify its economy and position
itself as a global hub for innovation.

https://en.aletihad.ae/news/business/4565985/90-companies-join-ministry-of-economy-s-nextgen-fdi-programm#:~:text=Since its launch in July,compa… 2/2