Page 466 - MOE ENGLISH PR REPORT - JANUARY 2025
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1/22/25, 4:39 PM NextGen FDI and Climate First partner to accelerate UAE's climate tech ecosystem
ADVERTISING
Abu Dhabi, UAE: The UAE Ministry of Economy’s NextGen FDI initiative has partnered with Climate
First, a leading European private equity firm specializing in climate innovation investments, to advance
the UAE’s climate-tech ecosystem. The partnership, which will see Climate First bring its portfolio
companies to the UAE for networking, partnership and expansion opportunities, was cemented with the
inaugural Climate First UAE Roadshow, in partnership with the UAE Ministry of Economy, during Abu
Dhabi Sustainability Week (ADSW) 2025.
The Roadshow brought five pioneering climate tech companies – Climeworks, Energy Dome,
ZeroAviva, Cylib, and Glasspoint – to Abu Dhabi Sustainability Week to explore opportunities for
establishing strategic, high-impact partnerships with major UAE stakeholders driving meaningful
decarbonization in the Emirates. From direct air capture and battery recycling to hydrogen-electric
aviation and solar stream generators for industrial processes, the five companies are developing some
of the most innovative and advanced solutions across key industries.
During ADSW, HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, welcomed
the Climate First roadshow emphasizing the importance of climate tech in driving sustainable
development. He stated, “This partnership reflects the UAE’s unwavering commitment to innovation and
sustainability. Through the NextGen FDI initiative, we are creating a supportive ecosystem for advanced
technology companies to thrive and lead global efforts in combatting climate change. By associating
Climate First with the NextGen FDI initiative, we are fostering transformative collaborations that will help
shape the future of clean energy and industrial decarbonization.”
Climate First, which has invested in more than 50 climate tech leaders globally, sees the UAE as an ideal
partner for scaling its companies’ impact, commercializing opportunities, and expanding their presence
across the region. Nadav Steinmetz of Climate First stated: “We are honoured to partner with the UAE
Ministry of Economy and H.E. Dr Thani bin Ahmed Al Zeyoudi during Abu Dhabi Sustainability Week.
https://www.zawya.com/en/press-release/government-news/nextgen-fdi-and-climate-first-partner-to-accelerate-uaes-climate-tech-ecosystem-ap4xokni 2/3
