"Kest Global" It joins the next generation initiative for foreign direct investments in the Emirates
Abu Dhabi, July 16 / WAM / The “Kest Global”, the world leader in research and engineering development services, joined the next generation initiative of foreign direct investments, which seeks to attract highly influential companies from around the world to establish regional centers in the UAE by providing a package of facilities, including rapid establishment and expedited issuance of licenses.
After joining the initiative, Cuist Global plans to establish “HVECS)” HVECS) inside the UAE to serve specific customers as distinguished centers for engineering research and development for the benefit of original equipment manufacturers (OEMS).
These centers will contribute to supporting original equipment manufacturers to achieving their strategic goals, by enhancing the efficiency of the supply chain, developing manufacturing processes, and stimulating innovation.
This step is in line with the UAE’s tendency to reduce dependence on external sources, the localization of supply chains, and the development of national competencies and talents.
His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of Foreign Trade, welcomed the joining of “Quet Global” to the initiative of the next generation of foreign direct investments and the establishment of a strong presence for it in the Emirati market, indicating that this step reflects the state’s position as a platform for growth.
His Excellency said: “The next generation’s initiative of foreign direct investments continues to attract ambitious companies with a forward -looking vision, such as ‘Kest Global’, to the UAE. By upgrading our engineering system and providing services dedicated to manufacturing companies, the advanced research centers of this company will support our goals in industrial transformation, will improve productivity and will develop national talents. Global ‘in the initiative to consolidate the position of the UAE as a leading business center that facilitates the expansion of regional and global markets. ”
In turn, Ajit Prabho, the founding partner and CEO of Quest Global said: “We are pleased in Kest Global to be among the companies that have been chosen to join the initiative of the next generation of foreign direct investments. We are working with more than 21 thousand engineers around the world, as a strategic partner in the fields of engineering and the development of human resources for major international companies in the energy, space, defense sectors, etc. It contributes to achieving its definitive and operational.
By joining the initiative of the next generation of foreign direct investments, Kest Global is strengthening its international partnerships and contributing to building a flexible economy and ready for the future in the UAE.
The company’s investments in developing advanced engineering capabilities and consolidating the culture of cooperative innovation will reflect the distinguished position of the UAE as a preferred destination for investment among major technological companies leading globally.
It is noteworthy that the initiative of the next generation of foreign direct investments enabled, since its launch in 2022, a group of leading international companies from establishing a presence in the UAE, which helped to upgrade future economies, including artificial intelligence, robots, alternative energy, storage, hybrid flying and precise fermentation. All of these companies support the UAE’s plans to continue building a knowledge and innovation -based economy.
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