The “next generation foreign investment” initiative attracts 90 global companies

The UAE has strengthened its position an ideal and headquarters for international multinationals, as well as being an investment and commercial platform that supports growth and innovation opportunities in various fields and sectors, especially in artificial intelligence and semi -conductors, which contributes to the reshaping of the features of the global economy.

The “next generation of foreign direct investment” initiative has succeeded since its launch in July 2022 in attracting more than 90 leading global companies, especially those specialized in advanced technology and vital sectors.

The activities of companies joining the initiative are concentrated in a variety of sectors that will reshape the features of the future economy such as artificial intelligence, “Blockchain”, robots, “Internet of Things”, biotechnology, renewable energy, smart movement, financial technology, semi -conductors, wireless communications, sustainability and climate technology.

The Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al -Zyoudi, confirmed in a statement to Emirates News Agency (WAM) that the initiative of the next generation of foreign direct investments continues to attract international companies that work in strategic sectors, within the framework of joint cooperation with the partners from the concerned authorities in the country, indicating that this cooperation will contribute to promoting competitiveness, achieving development goals, and reaching 300 global technological companies, The national economy was supplied with about 500 million dollars.

Al -Zyoudi affirmed the UAE’s commitment to achieving an advanced investment environment that encourages foreign investment and expanding the circle of cooperation with international companies, explaining that the “next generation of foreign investment” initiative focuses on providing more incentives that contribute to facilitating the entry of foreign companies to the local market.