90 international companies join an initiative "The next generation of foreign direct investments"

Abu Dhabi, April 12 / WAM / The UAE has strengthened its position as an ideal and headquartered destination for multinational global technology partnerships, as well as being an investment and commercial platform that supports growth and innovation opportunities in various fields and sectors, especially artificial intelligence and semi -conductors that contribute to reshaping the features of the global economy.

Since its launch in July 2022, the “following generation of foreign investment” has succeeded in attracting more than 90 leading global companies, especially those specialized in advanced technology and vital sectors such as Coinbase, Qualcomm, Ripple, Xpeng and other companies joining the initiative of high market value.

The activities of the companies joining the initiative are concentrated in a variety of sectors that will reshape the features of the future economy such as artificial intelligence, blockchain, robots, the Internet of Things, biotechnology, renewable energy, smart movement, financial technology, semi -conductors, wireless communications, sustainability and climate technology.

His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, stressed in a statement to the Emirates News Agency “WAM”, that the initiative of the next generation of foreign direct investments continues to attract international companies that operate in strategic sectors, within the framework of joint cooperation with the partners from the concerned authorities in the country, noting that this cooperation will contribute to promoting competitiveness and achieving development goals and reaching 300 global technological companies and providing economics The patriot is approximately $ 500 million.

He pointed to the UAE’s commitment to achieving an advanced investment environment that encourages attracting foreign investments and expanding the circle of cooperation with international companies, explaining in this context that the “next generation of foreign investment” initiative focuses on providing more incentives that contribute to facilitating the entry of foreign companies to the local market, which enhances growth and development opportunities.

He added that the initiative provides a set of incentives for companies wishing to join them with the aim of enhancing the business environment and attracting advanced digital and technological companies, and allows them to directly access to the entities in the country to market commercial opportunities, enable establishment and fast and flexible licenses, facilitate the issuance of visas, and procedures for obtaining gold residences, accelerating banking services and providing facilities related to commercial and residential rent, in addition to supporting access and communication with The relevant government agencies and with the business community in the UAE to facilitate the process of attracting investments.

On the existence of discussions with new companies to join the initiative, Al -Zyoudi said that there is a continuous communication with many international companies that showed interest in joining the initiative, the last of which was the American Qualcomm company specialized in artificial intelligence technologies and machine learning, which joined at the end of last month.

He added that work is underway to enhance discussions in line with the development of the state, expressing his aspiration to further cooperation with companies whose goals are compatible with the initiative’s goals to achieve more growth and enhance innovation.

It is worth noting that “Schneider Electric”, the global company specialized in the field of digital transformation of energy and automation management recently joined the initiative as a strategic partner as it seeks to attract leading international companies to the UAE.

This partnership aims to attract high -potential startups in the sustainability and climate technology sectors, direct them and expand their business, as well as explore the companies affiliated with the Sheneider Electric wallet for the opportunities available in the country.

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, presenting current startups at the Schneider Electric wallet to the initiative.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter