Page 607 - MOE ENGLISH PR REPORT - OCTOBER 2024

The NextGenFDI programme was launched by the UAE Ministry of Economy to draw high-tech firms
worldwide. It aims to foster innovation, support SME growth, and develop sustainable industries.
With a focus on sectors such as ICT, healthcare, and advanced manufacturing, it plays a crucial
role in diversifying the UAE's economy.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, expressed enthusiasm about
the expertise these companies bring. He stated that TG0's innovations could transform healthcare
and smart government services. Meanwhile, Zelos Technology is expected to boost urban mobility
and logistics sectors in the UAE.

TG0's China Business Executive Joyce Zhen highlighted how the UAE's welcoming stance towards
advanced technologies aligns with their vision of enhancing human-machine interaction. She noted
that support from NextGenFDI would help them expand their market reach using the UAE's
infrastructure.

Zelos Technology's Managing Director Terry Zhou shared similar sentiments about joining the
initiative. He remarked that this partnership marks an exciting new chapter for their company. The
strategic focus on advanced technologies makes the UAE an ideal location for their autonomous
driving solutions.

"The UAE continues to attract forward-thinking companies that can enrich our innovation
ecosystem," said Dr. Al Zeyoudi. "These companies reinforce our status as a welcoming home for
innovation and are a testament to our efforts to nurture the industries of the future."
The inclusion of TG0 and Zelos Technology underscores the UAE's commitment to becoming a
global hub for future industries. Their participation is expected to drive smarter transportation
systems and enhance human-machine interactions across various sectors.

https://www.onearabia.me/local/uae-nextgen-fdi-programme-autonomous-driving-touch-sensing-
technology-011-72095.html