Over 90 companies join NextGen FDI programme

The UAE has strengthened its position as an ideal destination and hub for multinational global technology partnerships, in addition to being an investment and trade platform that supports growth and innovation opportunities across various fields and sectors—particularly artificial intelligence and semiconductors, which are contributing to reshaping the global economic landscape.

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Since its launch in July 2022, the Ministry of Economy's “NextGen FDI” initiative has successfully attracted over 90 leading global companies, especially those specialising in advanced technology and vital sectors, such as Coinbase, Qualcomm, Ripple, XPENG, and other high-market-value companies that have joined the initiative.

The activities of the companies involved in the initiative span a wide range of sectors expected to redefine the future economy, including artificial intelligence, blockchain, robotics, the Internet of Things, biotechnology, renewable energy, smart mobility, fintech, semiconductors, wireless communications, sustainability, and climate technology.

Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, told the Emirates News Agency (WAM) that the NextGen FDI initiative continues to attract global companies operating in strategic sectors, in cooperation with relevant partners and entities within the country.

He noted that this collaboration will enhance competitiveness, achieve developmental goals, and help attract 300 global tech companies and inject nearly $500 million into the national economy.