Page 419 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 9:58 AM Three new companies specialized in clean energy technology join the UAE’s NextGenFDI Initiative - Biz Today
Since its launch in 2022, the NextGenFDI initiative has sought to attract innovation-led
companies from around the world by offering a range of market-entry benefits, including fast-

track set-up and licensing, visa issuance and access to financial services. Comapnies also gain
the benefit of the growing NextGenFDI network, through which they can share knowledge and

support expansion into local and regional markets.

Senior representatives of the three companies expressed their enthusiasm for joining the

NextGenFDI initiative. Bo Wang, Chairman of Enerflow stated, “The United Arab Emirates stands
as the perfect gateway for expanding into key markets across the Middle East and Europe,

offering an unparalleled ecosystem and world-class connectivity. Aligned with our vision for
cleaner, more efficient energy solutions, the UAE’s NextGen FDI program presents a unique
opportunity for collaboration across multiple industries. As a leader in the vanadium flow battery

energy storage industry, we are eager to contribute our expertise to this dynamic region.

“We are particularly enthusiastic about investing in the UAE, including establishing
manufacturing facilities that will leverage the nation’s advanced photovoltaic infrastructure and

robust chemical, petroleum, and energy production capabilities. Joining the NextGen FDI
program reflects our commitment to fostering sustainable innovation, hand in hand with the

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