Page 459 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

3/3/25, 9:20 AM Qualcomm Joins UAE’s NextGen FDI Programme to Advance 5G, AI, and IoT Technologies - The Technology Express
Launched in 2022, the NextGen FDI programme aims to attract high-tech companies
and entrepreneurs to establish and expand their operations in the UAE. With

Qualcomm’s participation, the programme gains a significant boost, enhancing the

country’s reputation as a hub for technological advancements and fostering
collaboration between global tech giants and local enterprises.

Qualcomm’s Growing Presence in the UAE

As part of its involvement in the initiative, Qualcomm has established a presence in Abu

Dhabi, where it plans to collaborate with local businesses, research institutions, and

startups. The company, originally founded in San Diego, California, has been at the
forefront of wireless communication technology, playing a pivotal role in the
development of 3G, 4G, and 5G networks. It has also made significant strides in high-

performance, low-power computing and AI, which are essential to modern digital

ecosystems.

Recently, Qualcomm Technologies entered into a collaboration with UAE-based AI firm
G42, integrating its Cloud AI solutions into G42’s Core42 infrastructure. This

partnership is expected to strengthen the UAE’s AI capabilities and improve cloud-
based AI applications, further positioning the nation as a leader in emerging

technologies.

Investment in UAE’s Tech Ecosystem

Beyond establishing a physical presence, Qualcomm is also actively contributing to the

UAE’s NextGen FDI programme through its investment arm, Qualcomm Ventures. The
venture capital arm focuses on early to growth-stage technology companies operating

in critical sectors, including 5G, AI, IoT, automotive technology, and cloud computing.
Qualcomm Ventures has a portfolio of over 150 active companies, many of which have

successfully scaled globally.

Through the NextGen FDI initiative, Qualcomm Ventures will identify and assess
potential investment opportunities in UAE-based startups that demonstrate strong

growth potential. The programme will also provide support for Qualcomm Ventures’
portfolio companies that wish to expand their operations in the UAE and the broader

Middle East region. By fostering such partnerships, Qualcomm is contributing to the

growth of a sustainable, innovation-driven economy in the UAE.

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