Page 605 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/22/24, 3:57 PM UAE Ministry of Economy Welcomes TG0 and Zelos Technology to NextGen FDI Programme -

UAE Ministry of Economy Welcomes TG0 and Zelos Technology to NextGen FDI Programme

Shahzaib 2 Weeks Ago 03 Mins

The UAE Ministry of Economy has announced the addition of two advanced technology companies to its
NextGen FDI programme, which is designed to help global cutting-edge companies establish or expand their
operations in the UAE and contribute to the country’s knowledge economy.

The newly joined companies are UK-based TG0, a leader in touch-sensing technology transforming industries
like automotive, healthcare, and gaming, and Chinese firm Zelos Technology, which specializes in autonomous
driving solutions, particularly Level 4 (L4) intelligent driving systems for logistics and express delivery.
Through the NextGen FDI initiative, these companies will benefit from rapid incorporation, fast-track visa
processing, financial services access, and networking opportunities within the NextGenFDI community.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, praised the addition of these
companies, highlighting their technological contributions to the UAE’s innovation ecosystem. “Zelos
Technology will boost our urban mobility and logistics sectors, while TG0’s innovations in touch-sensing
technology will enhance healthcare and smart government services. These companies underscore the UAE’s
commitment to fostering industries of the future and solidify our reputation as a hub for innovation.”

TG0’s China Business Executive, Joyce Zhen, expressed enthusiasm for the UAE’s support of cutting-edge
technology: “The NextGenFDI initiative will help us leverage the UAE’s infrastructure to expand our market
reach and contribute to its development as a global hub for future industries.”

Terry Zhou, Managing Director of Zelos Technology, noted, “The UAE’s focus on advanced technologies aligns
perfectly with our goals. We look forward to contributing to smarter, more efficient transportation systems in the
UAE and beyond.”

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