Page 323 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

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, UAE Minister of State for Foreign Trade, says 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.

“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-making will
significantly contribute to promoting both the energy and advanced technology sectors in the UAE.
By building a strong presence in the market, including the establishment of research and
technology teams, Welligence will also support our pursuit of a knowledge-driven economy.”

Ross Lubetkin, Welligence’s Chief Executive Officer, stated: “Opening our regional hub in the United
Arab Emirates marks a transformational milestone in our journey. The UAE has firmly established
itself at the forefront of global energy innovation, especially when it comes to cutting-edge
technology and strategic energy investments. With Welligence’s energy research vision driven by
our technological edge, there's no better partner than the UAE. We are beyond excited to build our
future together and are grateful to the Ministry of Economy for its support.”

Launched in 2022, the NextGen FDI initiative is a key pillar of the UAE’s drive to diversify its’
economy and position itself as a global hub for innovation. To date, the initiative has welcomed over
90 companies operating in future-focused sectors such as AI, renewable energy, robotics, and
advanced manufacturing.

https://en.aletihad.ae/news/business/4568883/welligence-to-partner-with-uae-s-nextgen-fdi-
initiative-to-p