emirates7 - Welligence, a U.S.-based data analytics company specializing in the energy sector, has joined the UAE’s NextGen FDI initiative, a move that will enhance its regional footprint. As part of this expansion, the company will open an office in Abu Dhabi to house its sales, research, and consulting teams.
The firm is also exploring the possibility of establishing a technology team in the UAE, highlighting the initiative's role in fostering the growth of future-oriented industries.
Established in 2017, Welligence delivers AI-powered solutions to streamline opportunity identification, benchmark competitor portfolios, analyze the economic effects of greenhouse gas emissions, and produce reliable commercial asset valuations. Their platform offers detailed insights into energy projects across 193 countries. The UAE marks the company’s first venture into the Middle East, adding to its network of offices in 10 global cities.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said Welligence’s entry into the UAE demonstrates the country’s supportive ecosystem for high-tech enterprises and its strong business-friendly environment.
He noted, “Welligence exemplifies the innovative businesses the NextGen FDI initiative was designed to attract. Their use of AI and machine learning to enhance decision-making will bolster the UAE’s energy and technology sectors. By establishing a substantial presence, including research and tech teams, Welligence will further our mission to build a knowledge-based economy.”
Ross Lubetkin, CEO of Welligence, called the launch of their UAE hub a pivotal step in the company’s evolution. He praised the UAE for its leadership in global energy innovation, particularly in advanced technologies and strategic investments.
“With our tech-driven vision for energy research, the UAE is the ideal partner. We’re thrilled to shape our future here and deeply appreciate the Ministry of Economy’s support,” he said.
The firm is also exploring the possibility of establishing a technology team in the UAE, highlighting the initiative's role in fostering the growth of future-oriented industries.
Established in 2017, Welligence delivers AI-powered solutions to streamline opportunity identification, benchmark competitor portfolios, analyze the economic effects of greenhouse gas emissions, and produce reliable commercial asset valuations. Their platform offers detailed insights into energy projects across 193 countries. The UAE marks the company’s first venture into the Middle East, adding to its network of offices in 10 global cities.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said Welligence’s entry into the UAE demonstrates the country’s supportive ecosystem for high-tech enterprises and its strong business-friendly environment.
He noted, “Welligence exemplifies the innovative businesses the NextGen FDI initiative was designed to attract. Their use of AI and machine learning to enhance decision-making will bolster the UAE’s energy and technology sectors. By establishing a substantial presence, including research and tech teams, Welligence will further our mission to build a knowledge-based economy.”
Ross Lubetkin, CEO of Welligence, called the launch of their UAE hub a pivotal step in the company’s evolution. He praised the UAE for its leadership in global energy innovation, particularly in advanced technologies and strategic investments.
“With our tech-driven vision for energy research, the UAE is the ideal partner. We’re thrilled to shape our future here and deeply appreciate the Ministry of Economy’s support,” he said.