Page 476 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

2/28/25, 2:59 PM Qualcomm joins UAE’s NextGen FDI program to drive advancements in 5G, AI and IoT - Middle East Business News and Informati…
2022 in order to attract technology driven companies to the UAE, Qualcomm has established a
presence in Abu Dhabi and is broadening its engagement with local ecosystem players.

Advertise here.

Founded in San Diego, California, Qualcomm Technologies is a major player in wireless
technology and semiconductors, and has been at the forefront of driving 3G, 4G and 5G
technologies, high-performance, low-power computing and AI. Recently, Qualcomm

Technologies has collaborated with UAE-based AI firm G42 to integrate its Cloud AI products

into G42’s Core42.

In addition to establishing a presence in Abu Dhabi, Qualcomm Technologies will also support

with the NextGen FDI initiative through its investment arm Qualcomm Ventures, which focuses
on early to growth-stage companies across sectors such as 5G, AI, automotive, IoT, and Cloud

and Enterprise. The collaboration will involve assessing and potentially investing in promising
NextGen FDI startups, and the NextGenFDI initiative will provide support to any Qualcomm

Ventures’ portfolio companies looking to expand in the UAE and the region. Qualcomm
Ventures boasts more than 150 active portfolio companies and numerous successful exits.

His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade,
welcomed the onboarding of Qualcomm Technologies as a major milestone for the UAE’s

NextGen FDI Program, offering a significant boost to the nation’s innovation ecosystem and
economic efforts to become a global technology hub. HE Al Zeyoudi said: “We met Qualcomm
at CES 2025 in Las Vegas and were pleased to know of their plans for the UAE. Qualcomm’s

innovations in 5G, AI and the Internet of Things are already playing a crucial role in advancing
our digital transformation and we are excited about the potential to extend their impact

through the NextGen FDI initiative. The UAE’s digital ambitions require the contribution of
leading global entities and Qualcomm Technologies can support the development of our 5G and

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