Page 337 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/24/25, 2:10 PM Welligence joins UAE's NextGen FDI initiative
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-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 that opening 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," he added.

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