Page 320 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

Welligence joins UAE’s NextGen FDI initiative

Wednesday, April 23, 2025 1:18 PM

ABU DHABI, 23rd April, 2025 (WAM) -- Welligence, a US-based data analytics provider for the energy
sector, has joined its NextGen FDI initiative in a move that will strengthen its presence in the region
and will establish an office in Abu Dhabi for its sales, research, and consulting teams.

The US-based software company will also examine the potential to build out a tech team in the
UAE, underlining the NextGen FDI initiative’s role in supporting the development of future-focused
industries.

Founded in 2017, Welligence aims to provide innovative solutions accelerated by AI, by efficiently
screening and identifying opportunities, benchmarking competitors’ portfolios, evaluating
economic impacts of GHG emissions, and building credible commercial asset valuations.

Their platform provides granular information on energy projects in 193 countries. Welligence has
offices in 10 cities around the world and the UAE represents its first foray into the Middle East.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said Welligence’s decision to
expand into the UAE is a clear demonstration of the nation’s welcoming ecosystem for high-tech
firms and pro-business environment.

He added, “Welligence is precisely the kind of cutting-edge enterprise the NextGen FDI initiative
was created to attract. Their expertise in leveraging AI and machine learning to empower decision-

https://www.wam.ae/en/article/bjbn79e-welligence-joins-uae%E2%80%99s-nextgen-fdi-initiative