The UAE continues to strengthen its position as a global hub for technology and innovation, with its "NextGen FDI" initiative attracting over 90 leading international companies since its launch in July 2022.
The initiative, spearheaded by the Ministry of Economy, focuses on fostering growth across high-impact sectors such as artificial intelligence, semiconductors, robotics, blockchain, biotech, and sustainability.
Prominent global players—including Coinbase, Qualcomm, Ripple, and XPENG—have already joined the initiative, drawn by the UAE’s advanced infrastructure, business-friendly environment, and strategic vision. The companies span a range of sectors reshaping the global economy, with growing emphasis on smart mobility, renewable energy, climate-tech, and fintech.
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said that the initiative is aligned with the nation’s broader economic diversification goals. It aims to attract 300 global tech companies and inject nearly $500 million into the national economy. He highlighted the UAE’s commitment to fostering a competitive investment ecosystem through targeted incentives and strong public-private cooperation.
As part of its latest development, the Ministry of Economy announced a strategic partnership with Schneider Electric. The collaboration will focus on attracting, mentoring, and scaling high-potential startups, particularly in climate-tech and sustainability. Schneider Electric will also connect its existing global portfolio of startups with the UAE ecosystem, offering go-to-market strategies and collaborative opportunities.
The partnership underlines the NextGen FDI programme’s growing impact as a platform for strategic global alliances and innovation-led growth. With robust momentum and increasing international interest, the UAE is poised to become a leading destination for future-focused investments and technological advancement.
News Source: Emirates News Agency
