ABU DHABI, 13th March, 2023 (WAM) — Kyndryl, the world’s largest provider of IT infrastructure services, has joined the UAE Ministry of Economy’s NextGenFDI initiative, which aims to attract digital businesses from around the world and provide them with the necessary Market entry basics to start and expand a business in the UAE.
The news follows the announcement in February that nine more companies had joined the NextGenFDI programme.
Headquartered in New York, Kyndryl serves thousands of corporate clients in more than 60 countries and has been present in the UAE since day one of its global launch in November 2021.
Today, it supports the mission-critical IT infrastructure of leading UAE airlines including Etihad Airways, financial institutions, government entities, healthcare providers, national oil companies, conglomerates and more. The company aims to play an important role in supporting the development of a knowledge-driven economy in the UAE.
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: “The Next Generation FDI program continues to go from strength to strength. Kyndryl’s decision to deepen its presence in the UAE is another strong endorsement of our business An important step towards becoming a world-class innovation hub. We look forward to supporting Kyndryl’s regional ambitions and leveraging their market-leading expertise as we grow the industry of the future.”
Commenting on joining the programme, Xerxes Cooper, President, Strategic Markets at Kyndryl, commented: “We are honored to join the UAE Ministry of Economy’s NextGenFDI program and look forward to working with the Ministry of Economy and Dr Thani Al Zeyoudi. We applaud the UAE for placing digital transformation at the heart of its national strategy strategic priorities and promote the role of technology in reshaping society and advancing human progress.”
Launched in 2022, NextGenFDI aims to support the growth of the nation’s knowledge-driven economy by enabling a fast-track registration process to expedite permits, facilitate the issuance of bulk or golden visas, expedite banking services, and provide commercial and residential leasing incentives for advanced technologies seeking to relocate to UAE based company.