Page 588 - MOE ENGLISH PR REPORT - FEBRUARY 2024

2/23/24, 10:20 AM KERNO to manufacture enterprise-class infrastructure products in the UAE as new member of NextGenFDI Program
suite of market-entry fundamentals to enable cutting-edge companies to establish or

expand their operations in the UAE and, in doing so, support the development of

the country's knowledge-based economy.

KERNO will develop and locally manufacture enterprise-class server, storage and

network equipment to address the growing infrastructure demand in the Middle East

Region . The company is led by veterans from Nokia and IBM who possess

extensive experience in building technology companies specializing in advanced

computing systems and networks. They plan to collaborate deeply with the UAE's

ecosystem to attract and cultivate local talent and have adopted an ambitious 'Made-

in-UAE' plan whereby they are committed to keeping development, manufacture,

and support functions within the UAE, as they leverage the country's position as a

global trading hub to reach markets across the world.

KERNO is using the NextGenFDI program to help accelerate the start of its

operations in the UAE with the company's first phase of 5,000 sqm manufacturing

facility (SMT & Assembly) expected to be in full operational mode by the 3rd

quarter of this year, with the first UAE-made enterprise-class products being

delivered to customers by the 1st quarter of next year.

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

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