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3/14/25, 2:37 PM Ministry of Economy’s NextGen FDI Program, Schneider Electric partner to scale climate-tech start-ups in UAE - ESG Mena
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 program, including potential collaborations with Schneider Electric’s own

projects, and secondly to introduce existing start-ups from the Schneider Electric global portfolio to the initiative.

According to HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, the partnership underscores the
vitality of start-ups in aligning the advancement of the UAE’s innovation ecosystem with its sustainability agenda and net-
zero goals. HE 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: “Digitalization 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 program 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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