UAE announces inclusion of Creative Zone in Nextgenfdi Initia…

Hazem Hussain

Abu Dhabi, United Arab Emirates (WAM) – The Ministry of Economy has announced that Creative Zone, one of the largest consultancy and business institutions in the UAE, has joined the NextGenFDI program through the Foreign Direct Investment launched in July 2022, which aims to attract advanced digital companies to the UAE market, according to the Memorandum of Understanding (MoU) signed by both parties , developing the next generation of startups in the technology space.

Launched in July 2022, the NextGenFDI program aims to attract digitally advanced companies to the UAE market and develop the next generation of technology-enabled companies.

The Creative Zone will support the goals of the NextGenFDI program by providing investors and entrepreneurs with innovative solutions that will help them grow in the UAE.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said:

“The UAE places a high value on entrepreneurship and sees it as a key engine of innovation and creativity as it has the potential to sustainably support the country’s economic growth. Furthermore, it aligns well with the direction of the wise leadership and the ‘50-year’ goals and The goals of the UAE Centenary Plan 2071 are aligned.”

“This agreement further confirms the UAE’s intention to assist and promote start-ups and their growth. Through this programme, the Creative District will support these goals by attracting new start-ups to the UAE and providing a range of business support services, while enhancing their development, capacity to develop and support the digital business environment in the country,” he said.

Lorenzo Jooris, CEO of Creative Zone, said:

“We are delighted to contribute to the NextGenFDI initiative, which aims to strengthen the UAE’s position as a global hub for the best emerging digital businesses and leading unicorns.” “Digital technologies are rapidly changing the way companies interact with customers. Creative Zone, we are committed to delivering innovative, agile and flexible business building solutions that help companies maximize their potential and drive their success in the UAE,” he said.

Creative Zone, one of the country’s trusted start-up advisory firms, which has assisted over 45,000 growing entrepreneurs and businesses to expand their businesses over the past decade, will now support the NextGenFDI program’s aim to boost the growth of UAE businesses.

The Creative Zone will advance the goals of the NextGenFDI program by providing potential investors and high potential entrepreneurs with a range of market-leading business start-up solutions, ensuring flexibility in their relocation to the UAE.

The MoU will help expand the scope of the initiative, thereby strengthening and accelerating the UAE’s efforts to create an advanced global business environment for the technology industry. In addition, it highlights the program’s ability to support innovation and start-ups in key industries.

The Ministry of Economy launched the NextGenFDI program in July 2022 to attract the world’s top digital companies to the UAE by providing market access incentives and benefiting from a broad range of efforts by public and private sector stakeholders.

NextGenFDI includes fast-track business licensing, group visa issuance, fast-track access to banking facilities, and access to education and cloud services and commercial real estate.