Page 469 - MOE ENGLISH PR REPORT - JANUARY 2025

1/22/25, 4:39 PM UAE Ministry of Economy, Climate First join forces to boost UAE climate-tech ecosystem
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.”
Read more: UAE driving global leadership in green finance, ESG Sukuk
Driving impactful change
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 Dr. Thani bin Ahmed Al Zeyoudi during Abu Dhabi
Sustainability Week. The UAE’s commitment to innovation creates an unmatched ecosystem for
advancing climate tech. At Climate First, our mission has always been to drive impactful change
through investments in transformative, zero-carbon technologies. We are thrilled to bring pioneering
European solutions to the UAE. This collaboration will foster strategic partnerships to scale
decarbonization efforts.”
NextGen FDI’s impact on the UAE climate-tech ecosystem
Moreover, under the theme “The Nexus of Next. Supercharging Sustainable Progress”, Abu Dhabi
Sustainability Week (ADSW) offers a global platform for advancing clean energy and sustainable
development. The event has gathered global leaders, innovators, and stakeholders to tackle some of
the world’s most pressing environmental challenges. The partnership between NextGen FDI and
Climate First further aligns seamlessly with ADSW’s mission to foster collaboration and deliver
actionable solutions for a more sustainable future.

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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