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The UAE Ministry of Economy has announced the addition of more stakeholders to its NextGenFDI programme, a landmark initiative aimed at attracting digital companies to the UAE.
Sharjah Foreign Direct Investment Office (Invest Sharjah), Sharjah Research Technology and Innovation Park (SRTI Park), Sharjah Media City (Shams), Sharjah Islamic Bank and real estate company Arada come together to showcase investment, banking, establishment And real – real estate support in the emirate of Sharjah.
Joined by the Ras Al Khaimah Economic Zone (Rakez) and G42 Cloud, which offers an additional free zone option in the northern emirate, G42 Cloud will provide a flexible, scalable cloud solution to secure tech and digital The company was able to do business immediately. The recently opened Civic School in Dubai will provide next-generation education to corporate families entering the UAE through the NextGenFDI programme.
The latest stakeholders to join the first phase of the programme partners Abu Dhabi Global Market (ADGM), Dubai International Financial Centre (DIFC), Dubai South, Dubai Multi Commodities Centre (DMCC), Dubai Internet City, Emirates NBD and WIO Bank, they are already facilitating the entry of global tech companies from all over the world.
Launched in July, the programme aims to target businesses from around the world with a package of market access bases needed to launch and expand within the UAE, including a fast and flexible company registration process, fast-track licensing, bulk visa issuance, banking facilities and commercial and residential leasing incentives.
The programme aims to accelerate the UAE’s economic diversification agenda and enhance its position as a knowledge and innovation economy.
Dr Thani bin Ahmed Al Zeyoudi, UAE 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 tech companies, software developers, data scientists and coders to the UAE .
“The UAE’s favourable business environment, supported by global connectivity and a highly skilled multinational workforce, has long attracted companies, investors, industrialists and entrepreneurs from all over the world. The NextGenFDI programme is the key to the UAE becoming a global hub for future industries A key part of the strategy, now offering dedicated support services to provide the most innovative and exciting digital companies and their employees with seamless, near-instant market access.
“The onboarding of key stakeholders adds to a compelling proposition that facilitates market entry, financial support, and access to commercial and residential real estate to enable some of the most innovative and exciting digital companies and their employees to The prosperous part operates seamlessly in the UAE. The programme has already facilitated the relocation of several high-profile businesses and we are confident that the latest stakeholders will expedite this process and contribute to the vitality of the country’s digital ecosystem.” – arab trade news agency
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