Schneider Electric Joins UAE's NextGen FDI Initiative to Boost Climate-Tech Startups
The Ministry of Economy has announced Schneider Electric as the latest strategic partner in its NextGen FDI initiative, aimed at attracting global companies to the UAE.
The collaboration will focus on nurturing high-potential startups in sustainability and climate-tech sectors, reinforcing the UAE's commitment to innovation and environmental goals.
As part of the partnership, Schneider Electric will provide mentorship, resources, and networking opportunities to startups under the NextGen FDI programme. The company will also introduce its own portfolio of climate-tech, industrial AI, mobility, prop-tech, and cybersecurity companies to the UAE, fostering knowledge exchange and market expansion.
Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, emphasized the partnership's role in supporting the UAE's net-zero ambitions. 'This collaboration empowers climate-tech startups with the tools and expertise to scale, aligning with the UAE's vision for sustainability and energy-efficient infrastructure,'
he stated.
Olivier Blum, CEO of Schneider Electric, highlighted the importance of digitalisation and electrification in driving sustainable development. 'Our partnership will accelerate the UAE's energy transition and strengthen its position as a global hub for innovation,'
he said.
Launched in 2022, the NextGen FDI initiative is a cornerstone of the UAE's economic diversification strategy, already attracting over 20 companies in AI, renewable energy, robotics, and advanced manufacturing. The alliance with Schneider Electric marks another step in fostering a knowledge-based, sustainable economy in the region.
News Source: Emirates News Agency
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