Page 597 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/22/24, 3:56 PM UAE’s NextGen FDI programme onboards pioneers in autonomous driving, touch-sensing technology | Business | emirates7
Participating in NextGenFDI grants these companies benefits such as expedited
incorporation processes, fast-tracked visa issuance, immediate access to financial

services, and the opportunity to network within the growing NextGenFDI community.

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

enthusiasm for the expertise these firms bring, emphasizing their potential to enrich the
UAE's innovation ecosystem and enhance industrial and technological capabilities. He

highlighted Zelos Technology's impact on urban mobility and logistics and TG0's
contributions to healthcare and smart government services, aligning with the UAE's

priorities.

Joyce Zhen, TG0's China Business Executive, affirmed that the UAE's supportive

environment for advanced technologies aligns with their vision of advancing human-
machine interaction. She emphasized that NextGenFDI's support will enable TG0 to

leverage UAE infrastructure to expand market reach and contribute to the nation's
development as a global hub for future industries.

Terry Zhou, Managing Director of Zelos Technology, described joining NextGenFDI as
a significant milestone for their company, citing the UAE's strategic focus on advanced

technologies as ideal for their autonomous driving solutions. He expressed confidence
that this partnership will drive smarter and more efficient transportation systems

across the UAE and the broader region.

NextGenFDI, launched by the UAE Ministry of Economy, aims to attract high-tech

companies globally to foster innovation, support SME growth, and promote sustainable
industries. With a focus on sectors such as ICT, healthcare, and advanced

manufacturing, the initiative plays a crucial role in the UAE's economic diversification
strategy.

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