Schneider Electric is a strategic partner for the next generation initiative of foreign direct investments"

Abu Dhabi, March 3/ WAM/ The Ministry of Economy announced the joining of “Schneider Electric”, the global company specialized in the field of digital transformation of energy management and automation a strategic partner to the initiative of the next generation of foreign direct investments, which seeks to attract leading global companies to the UAE.
The partnership aims to attract high -potential startups in the sustainability and climate technology sectors, direct them and expand their business, as well as the attendance of the Sheneider Electric wallet to the UAE to seize the opportunities available to communicate and expand their operations.
Schneider Electric will support the next generation initiative of foreign direct investment with two basic mechanisms, first, providing market entry strategies and business incubators to companies joining to the program, including potential cooperation with Senider Electric projects, and secondly, the presentation of current startups at the Schneider Electric wallet to the initiative.
His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, said that the partnership emphasizes the importance of the role of emerging projects in alignment with the introduction of the innovation system in the UAE with the sustainability agenda and the goals of climate neutrality in it.

He added that the partnership with Schneider Electric represents a strategic step towards enabling startups in the field of climate technology with the tools and experiences necessary for growth and expansion in the UAE and the region and the spread of advanced technologies that reduce emissions and waste and shorten time and this cooperation contributes to enhancing the UAE’s commitment to the leading solutions in the field of climate technology from smart networks to energy -saving infrastructure and we look forward to impact The tangible strategic that will happen on our sustainable goals.
“Schneider Electric”, which has long -term trade partnerships with more than 35 active companies covering the energy, sustainability and industrial automation, view the UAE as an important market to advance sustainable growth and innovation.

For his part, Olivier Bloom, CEO of Schneider Electric, said that Schneider Electric as a strategic partner for the next generation initiative of direct foreign investments, is committed to supporting the UAE’s vision in the field of energy flexibility and sustainable development and through supporting the enabling of the new generation of startups in the field of technology and accelerating the transformation in the energy field in the country, Schneider Electric contributes to promoting growth It is in line with the goals of the economic diversification of the UAE.

Bloom added that the joint efforts support the UAE’s commitment to innovation and digital transformation that enhances the state’s position as a global pioneering center for creators and innovators who benefit from technology.
The “next generation initiative is a foreign investment” that was launched in 2022, a pillar of the UAE’s efforts to diversify its economy and establish its position as a global center for innovation.

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