Page 474 - MOE ENGLISH PR REPORT - JANUARY 2025

1/22/25, 4:39 PM Nextgen FDI And Climate First Partner To Accelerate UAE's Climate Tech Ecosystem
thrilled to bring pioneering European solutions to the UAE.”

Abu Dhabi, UAE – January, 2025: 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

https://menafn.com/1109103604/Nextgen-FDI-And-Climate-First-Partner-To-Accelerate-UAEs-Climate-Tech-Ecosystem 2/3