Page 328 - 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 - Middle East Business Ne…
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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