Page 84 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)
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4/21/25, 10:22 AM 90 Companies Join Ministry Of Economy’s NextGen FDI Programme - UrduPoint
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, 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.
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