Page 511 - MOE ENGLISH PR REPORT - MARCH 2025

Ministry of Economy’s NextGen FDI programme,

Schneider Electric partner to scale climate-tech

start-ups in UAE

Story by MA / HH

• 1w •

2 min read
ABU DHABI, 3rd March, 2025 (WAM) -- The Ministry of Economy has 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.
Under the 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 programme,
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 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.

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
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