NextGenFDI steps up drive to lure global firms to UAE

NextGenFDI steps up drive to lure global firms to UAE

The Ministry of Economy announced on Monday that Creative Zone, a leading start-up advisory firm in the UAE, would support its NextGenFDI initiative by providing investors and entrepreneurs with innovative solutions to propel their growth.

As per an MoU signed by the ministry and Creative Zone, the consulting company would support NextGenFDI’s drive by attracting new start-ups to the UAE while offering a range of business support.

The Ministry of Economy has been adding more and more stakeholders to its NextGenFDI programme, a landmark initiative launched in July 2022 to attract digitally-enabled companies to the UAE. The programme has been designed to attract digitally advanced companies and highly skilled talents to the country, and develop the next generation of technology start-ups. The drive, a key part of the UAE’s strategy to become a global hub for the industries of the future, seeks to encourage more than 300 global technology firms, software developers, data scientists, and coders to relocate to the UAE.

“The UAE places a high value on entrepreneurship and acknowledges it as a key engine for innovation and creativity, given its potential to sustainably support the country’s economic growth. Additionally, it is consistent with the directions of the wise leadership and objectives