The Ministry of Economy in the UAE has announced a partnership with Schneider Electric to enhance its NextGen FDI programme. This collaboration aims to scale climate-tech start-ups within the country, reflecting a commitment to fostering innovation in sustainable technologies.

The partnership is expected to leverage Schneider Electric’s expertise in energy management and automation, enabling local entrepreneurs to access resources and support needed for their ventures. The Ministry of Economy highlighted that this initiative aligns with the UAE’s vision for a greener future and economic diversification.

In a statement, the Ministry expressed that collaborating with industry leaders like Schneider Electric will play a critical role in driving innovation and attracting foreign direct investment (FDI) into the climate-tech sector. This move is seen as a significant step towards enhancing the UAE’s position as a hub for sustainable technology solutions.