NextGenFDI programme adds more entities to lure global firms

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UAE
  • Date: 22-Sep-2022
  • Source: Gulf Today
  • Sector: Economy
  • Country: UAE
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NextGenFDI programme adds more entities to lure global firms

The Ministry of Economy has announced the addition of more stakeholders to its NextGenFDI programme, the landmark initiative designed to attract digitally enabled companies to the UAE. Sharjah, Ras Al Khaimah, Citizens School and G42 Cloud have joined the Ministry of Economy’s NextGenFDI programme to attract global digitally enabled companies. Launched in July, the programme aims to target businesses from all over the world with a package of market entry fundamentals required to launch and scale from within the UAE, including rapid and flexible incorporation processes, fast-track licensing, bulk visa issuances, banking facilitation and commercial and residential lease incentives. The programme has been devised to accelerate the UAE’s economic diversification agenda and elevating its status as a knowledge- and innovation-based economy. Dr Thani Bin Ahmed Al Zeyoudi, the UAE’s Minister of State for Foreign Trade, oversees the country’s FDI and global talent agenda and believes the latest NextGenFDI partners will further assist the Ministry’s efforts to attract global technology firms, software developers, data scientists and coders to the UAE. “The UAE’s advantageous business climate, supported by global connectivity and a highly skilled, multinational workforce, has long attracted companies, investors, industrialists and entrepreneurs from around the world. The NextGenFDI program, a