Page 341 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

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.

https://www.msn.com/en-ae/money/technology/welligence-joins-uae-s-nextgen-fdi-initiative/ar-
AA1DrVaT?ocid=BingNewsSerp