Page 505 - MOE ENGLISH PR REPORT - MARCH 2025

3/14/25, 2:38 PM Ministry of Economy's NextGen FDI programme, Schneider Electric partner to scale climate-tech start-ups in UAE
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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