UAE launches NextGenFDI to attract world’s top digital companies

UAE launches NextGenFDI to attract world’s top digital companies

The UAE has launched , a campaign to attract digitally enabled companies and highly skilled talent to the country. Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, who oversees the file to attract FDI and global talent to the country, said that would encourage more than 300 global technology firms, software developers, data scientists and coders to relocate to the UAE. An array of measures have been introduced to make the market entry process for companies simpler and more efficient. These include rapid and flexible incorporation processes to speed up licensing, bulk visa issuances, banking facilitation and commercial and residential lease incentives. Seven strategic partners have signed up under the initiative so far, these include Abu Dhabi Global Market (ADGM), Dubai International Financial Centre (DIFC), Dubai South, DMCC, Dubai Internet City, Emirates NBD and WIO. More partners are expected to join in subsequent phases. aims to leverage the UAE’s unique competitive advantage and global standing as a leading business, investment and innovation hub to support the growth of the nation’s economy. Its vision is to seek out businesses from all over the world that are focused on applied technology and provide them with the necessary market