Page 326 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/24/25, 2:08 PM Welligence to partner with UAE’s NextGen FDI Initiative to provide cutting-edge data to energy sector
Ross Lubetkin: “We are delighted to open our regional hub in the UAE and beyond grateful for the
country’s support.”

Abu Dhabi, UAE: The Ministry of Economy has announced that 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 now 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.

HE 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.

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