UAE’s NextGen FDI programme draws global tech leaders

The UAE is reinforcing its status as a global hub for technology, innovation and investment, with a strong focus on advanced sectors like artificial intelligence and semiconductors.

Since its launch in 2022, the Ministry of Economy’s "NextGen FDI" initiative has attracted more than 90 major international companies—including tech giants like Coinbase, Qualcomm, Ripple, and XPENG.

These companies are contributing to fast-growing fields such as blockchain, robotics, biotech, smart mobility, and climate technology, all seen as key drivers of the future global economy.

Speaking to Emirates News Agency, WAM, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted the UAE’s strategy to become a magnet for 300 global tech companies and attract around $500 million in foreign investment.

He emphasised the country’s commitment to building an investor-friendly environment and supporting companies that align with the UAE’s innovation and growth agenda.

The Ministry of Economy also announced that Schneider Electric has joined the NextGen FDI initiative as a strategic partner.

The global energy and automation firm will help attract, mentor, and scale start-ups in sustainability and climate-tech sectors—bringing its international portfolio companies to the UAE and providing go-to-market support and incubation.