Page 485 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

2/28/25, 3:01 PM Qualcomm Joins UAE’s NextGen FDI Programme To Drive Advancements In 5G, AI, IoT - UrduPoint
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.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, welcomed the

onboarding of Qualcomm Technologies as a major milestone for the UAE's

NextGen FDI Programme, offering a significant boost to the nation's innovation

ecosystem and economic efforts to become a global technology hub.

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 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.”

https://www.urdupoint.com/en/middle-east/qualcomm-joins-uaes-nextgen-fdi-programme-1927995.html 2/3