emirates7 - The Ministry of Economy in the UAE has announced the inclusion of two advanced technology firms into its NextGen FDI programme. This initiative facilitates market entry for leading global companies, aiding them in establishing or expanding their operations in the UAE to bolster the country's knowledge economy.
One of the newcomers is TG0, a UK-based company known for its innovative touch-sensing technology, which is revolutionizing industries like automotive, healthcare, and gaming. The other addition is Zelos Technology from China, specializing in Level 4 autonomous driving solutions tailored for logistics and express delivery.
Participating in NextGenFDI grants these companies benefits such as expedited incorporation processes, fast-tracked visa issuance, immediate access to financial services, and the opportunity to network within the growing NextGenFDI community.
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, expressed enthusiasm for the expertise these firms bring, emphasizing their potential to enrich the UAE's innovation ecosystem and enhance industrial and technological capabilities. He highlighted Zelos Technology's impact on urban mobility and logistics and TG0's contributions to healthcare and smart government services, aligning with the UAE's priorities.
Joyce Zhen, TG0's China Business Executive, affirmed that the UAE's supportive environment for advanced technologies aligns with their vision of advancing human-machine interaction. She emphasized that NextGenFDI's support will enable TG0 to leverage UAE infrastructure to expand market reach and contribute to the nation's development as a global hub for future industries.
Terry Zhou, Managing Director of Zelos Technology, described joining NextGenFDI as a significant milestone for their company, citing the UAE's strategic focus on advanced technologies as ideal for their autonomous driving solutions. He expressed confidence that this partnership will drive smarter and more efficient transportation systems across the UAE and the broader region.
NextGenFDI, launched by the UAE Ministry of Economy, aims to attract high-tech companies globally to foster innovation, support SME growth, and promote sustainable industries. With a focus on sectors such as ICT, healthcare, and advanced manufacturing, the initiative plays a crucial role in the UAE's economic diversification strategy.
One of the newcomers is TG0, a UK-based company known for its innovative touch-sensing technology, which is revolutionizing industries like automotive, healthcare, and gaming. The other addition is Zelos Technology from China, specializing in Level 4 autonomous driving solutions tailored for logistics and express delivery.
Participating in NextGenFDI grants these companies benefits such as expedited incorporation processes, fast-tracked visa issuance, immediate access to financial services, and the opportunity to network within the growing NextGenFDI community.
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, expressed enthusiasm for the expertise these firms bring, emphasizing their potential to enrich the UAE's innovation ecosystem and enhance industrial and technological capabilities. He highlighted Zelos Technology's impact on urban mobility and logistics and TG0's contributions to healthcare and smart government services, aligning with the UAE's priorities.
Joyce Zhen, TG0's China Business Executive, affirmed that the UAE's supportive environment for advanced technologies aligns with their vision of advancing human-machine interaction. She emphasized that NextGenFDI's support will enable TG0 to leverage UAE infrastructure to expand market reach and contribute to the nation's development as a global hub for future industries.
Terry Zhou, Managing Director of Zelos Technology, described joining NextGenFDI as a significant milestone for their company, citing the UAE's strategic focus on advanced technologies as ideal for their autonomous driving solutions. He expressed confidence that this partnership will drive smarter and more efficient transportation systems across the UAE and the broader region.
NextGenFDI, launched by the UAE Ministry of Economy, aims to attract high-tech companies globally to foster innovation, support SME growth, and promote sustainable industries. With a focus on sectors such as ICT, healthcare, and advanced manufacturing, the initiative plays a crucial role in the UAE's economic diversification strategy.