Page 577 - MOE ENGLISH PR REPORT - FEBRUARY 2024

2/23/24, 10:18 AM KERNO to manufacture enterprise-class infrastructure products in the UAE as new member of NextGenFDI Program | Emirates …
This is another example of the NextGenFDI program

acting as a catalyst for investment, expansion and

growth in the UAE’s dynamic technology sector.”

Demetrio Russo, CEO of KERNO, said, "We feel privileged

to be a part of the NextGenFDI initiative as we recognize

the immense potential of the Middle East region. The

UAE is currently undergoing a digital transformation

journey, and we are thrilled to be a part of this endeavor.

It gives me immense pleasure to see KERNO become a

part of the NextGen FDI program, and I would like to

extend my gratitude to His Excellency Dr. Thani bin

Ahmed Al Zeyoudi for welcoming us. We are determined

to establish a long-term presence and become one of

the key partners in implementing the “Made in UAE”

technology strategy by localizing our design and

manufacturing efforts and collaborating with the local

ecosystem."

The Ministry of Economy’s NextGen FDI initiative has

been credited with expanding the UAE’s advanced

technology ecosystem by providing companies seeking

to relocate to the UAE with numerous incentives

including fast-tracked and simplified licensing, set-up

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