Page 490 - MOE ENGLISH PR REPORT - MARCH 2025

3/17/25, 1:43 PM Ministry of Economy’s NextGen FDI programme, Schneider Electric partner to scale climate-tech start-ups in UAE - Eye of Riyadh

Al Zeyoudi stated, “The partnership with Schneider Electric is a strategic step towards empowering climate-tech start-ups with
the necessary tools and expertise to scale and grow, expanding the deployment of cutting-edge technologies that reduce

emissions, material waste and time in the UAE and the broader region. The UAE’s commitment to pioneering climate-tech
solutions, from smart grids to energy-efficient infrastructure, will be further strengthened by this collaboration and we look
forward to the tangible and long-term impact it will have on our sustainability goals.”

Schneider Electric, which has long-term commercial partnerships with more than 35 active companies covering energy
management, sustainability, and industrial automation sees the UAE as a critical market for driving sustainable growth and
innovation.

Olivier Blum, Chief Executive Officer of Schneider Electric, stated, "Digitalisation and electrification are reshaping economies
worldwide, making energy efficiency and sustainability more critical now than ever. As a strategic partner of the NextGen FDI
Initiative, Schneider Electric is committed to supporting the UAE’s vision for energy resilience and sustainable development. By

empowering the next generation of tech start-ups and accelerating the country’s energy transition, we are driving growth in
alignment with the UAE’s economic diversification goals.”

Blum added, “Our joint efforts build on the UAE’s commitment towards innovation and digital transformation and solidifies the

nation’s position as a leading global hub for technology-driven creators and innovators.”

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. To date, the programme has welcomed over 20 companies operating in future focused sectors such
as AI, renewable energy, robotics, and advanced manufacturing, helping accelerate the UAE’s transition to a knowledge-
driven, sustainable economy.

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