Page 477 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

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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…
AI capabilities, which will provide a new range of possibilities for businesses, consumers and
government services. Qualcomm Technologies greater presence here will underpin our position

as a global centre for innovation and technology and accelerate our digital transformation
journey.”

On behalf of Qualcomm Technologies, Akash Palkhiwala, Chief Financial Officer and Chief
Operating Officer, stated: “Qualcomm is proud to be present now in Abu Dhabi and to support

the NextGen FDI initiative. The latest advancements in 5G, AI and the Internet of Things are

the catalysts for technology ecosystem growth. Qualcomm’s presence in Abu Dhabi puts us at
the centre of helping advance the UAE’s digital ambitions. Qualcomm is already working closely
with UAE companies to drive local and global technology solutions based on our solutions; most

recently Core42 announced the launch of its Inference as a Service powered by Qualcomm
Cloud AI Accelerators and Inference Suite, and we look forward to seeing even more

collaborations in the future.”

Launched in 2022, the NextGen FDI initiative is designed to attract high-growth and high-
potential advanced technology companies to the UAE. The initiative provides fast-tracked and

simplified licensing, visa processes, accelerated access to banking services, and competitive
rates for commercial and residential leases. It has already welcomed global innovators across
sectors such as robotics, precision fermentation, hybrid aviation, and renewable energy.