Kyndryl, the world’s largest provider of IT infrastructure services, has joined the UAE Ministry of Economy’s NextGenFDI program, which aims to attract digital businesses from around the world. They will acquire the necessary market entry fundamentals to start and scale their 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.
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Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: “The Next Generation FDI program continues to grow 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 develop the industry of the future.”
Xerxes Cooper, President, Strategic Markets, Kyndryl, said: “We are honored to join the UAE Ministry of Economy’s NextGenFDI initiative and look forward to working with the Ministry and Dr Thani Al Zeyoudi. We appreciate the UAE’s strategic focus on placing digital transformation at the heart of its national strategy and promoting 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. — trade arab news agency