Page 480 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

2/28/25, 3:00 PM Qualcomm joins UAE’s NextGen FDI to expand in Abu Dhabi
Qualcomm joins UAE’s NextGen FDI to expand in Abu Dhabi
Qualcomm partners with UAE to support AI, 5G, and IoT startups

CARRINGTON MALIN
FEB 19, 2025

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#UAE #investment - Qualcomm, a leading US-based developer of wireless technologies and

AI computing, has joined the UAE Ministry of Economy’s NextGen FDI initiative to expand

its presence in Abu Dhabi and strengthen collaboration with local ecosystem players. The US

company will also support the NextGen FDI initiative through its investment arm Qualcomm

Ventures, which plans to invest in high potential NextGen FDI startups with a focus on 5G, AI,
automotive, IoT, and Cloud and Enterprise. Qualcomm recently announced a partnership with

Abu Dhabi-based AI powerhouse G42 group to boost AI inference performance.

SO WHAT? - Qualcomm has significantly ramped up its activity in the Middle East

appointing a new president for the Middle East and Africa early last year. The US firm also

began a collaboration with Core42 to incorporate Qualcomm's Cloud AI 100 products in its

Condor Galaxy AI supercomputing platform. At LEAP25 last week in Riyadh, Qualcomm

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