Page 86 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/21/25, 10:22 AM 90 Companies Join Ministry Of Economy’s NextGen FDI Programme | Pakistan Point

90 Companies Join Ministry Of

Economy’s NextGen FDI Programme

9 days ago

(Pakistan Point News - 12th Apr, 2025) ABU DHABI, 12th April, 2025 (WAM) – The UAE has
strengthened its position as an ideal destination and hub for multinational
global technology partnerships, in addition to being an investment and trade platform that
supports growth and innovation opportunities across various fields and sectors—particularly
artificial intelligence and semiconductors, which are contributing to reshaping the global
economic landscape.

Since its launch in July 2022, the Ministry of Economy’s "NextGen FDI" initiative has
successfully attracted over 90 leading global companies, especially those specialising in
advanced technology and vital sectors, such as Coinbase, Qualcomm, Ripple, XPENG, and
other high-market-value companies that have joined the initiative.
The activities of the companies involved in the initiative span a wide range of sectors expected
to redefine the future 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,
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

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