Page 749 - MOE ENGLISH PR - APRIL 2024

The primary objective of Next50 is to cultivate an environment that encourages the
exchange of knowledge, explores potential collaborations, expands investments in new
economic sectors, and facilitates local and global market growth.

Bin Touq emphasised the significance of introducing the “Next50” initiative as it
exemplifies Investopia’s dedication to supporting local companies and enhancing their
contribution to the country’s economic growth.

The initiative falls under the “Investopia Communities,” aiming to foster continuous
communication between investors and government officials.

It aligns with Investopia’s objectives of facilitating connections between companies and
institutions and fostering cooperative partnerships between leading investors and key
economic stakeholders.

He said, “We firmly believe that the private sector plays a pivotal role in driving the
growth of the national economy. Our mission at Investopia is to support these leading
companies and equip them with the necessary resources for success. We aim to
develop a knowledge-based and innovative economy by fostering collaboration among
various economic forces. We seek to empower the local business community to
compete and excel in global markets by introducing the Next50 initiative. We are
confident that this initiative will serve as a strong catalyst for these companies and
significantly contribute to enhancing the overall business environment in our country, in
line with our local objectives and global aspirations.”

The Next50 will offer more significant opportunities for engagement and collaboration
with government entities and easier access to capital by interacting and aligning with
crucial investment funds, banks, and family companies to facilitate potential investment
transactions.

This initiative opens up broader horizons for entry into new international markets, while
enabling participation in external economic committee meetings, and empowering these
companies to kick-start fresh economic ventures within emerging sectors of the country.

“Through the Next50 initiative, EMIR will help accelerate the growth of the UAE
economy by supporting the Ministry and Investopia’s goals of identifying and
championing the country’s fastest-growing, most innovative companies.”

https://theprint.in/world/investopia-2024-launches-next50-initiative-to-create-investment-
opportunities-for-uaes-most-innovative-companies/2023654/