Page 332 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/24/25, 2:09 PM US-based Welligence joins UAE’s NextGen FDI initiative
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that

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 Dr. Thani bin Ahamed Al-Zeyoudi
UAE Minister of State for Foreign
Trade
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 that opening a

regional hub in the UAE marks a transformational milestone in the company’s

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,” Lubetkin

added.

https://www.gccbusinessnews.com/welligence-joins-nextgen-fdi-initiative/ 2/3