Page 586 - MOE ENGLISH PR REPORT - FEBRUARY 2024

Dr Thani Al Zeyoudi, Minister of State for foreign Trade said: “KERNO is an
important and welcome addition to the NextGenFDI program, contributing to the
UAE’s progress towards becoming a technology-driven knowledge economy.

With the rapid digitization of our societies, there is significant demand from large
private and public sector organisations regionally and globally for the enterprise-

class IT solutions and products that KERNO will design, develop and
manufacture in the UAE. 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 and visa processes, accelerated access to
banking services and attractive rates for commercial and residential leases. The

initiative has been designed to enhance economic diversification and stimulate
the growth of a knowledge-based, innovation driven economy in line with the

UAE’s national objectives.

https://www.msn.com/en-ae/news/other/kerno-to-manufacture-enterprise-class-infrastructure-
products-in-the-uae-as-new-member-of-nextgenfdi-program/ar-BB1iwTP1