The UAE has welcomed 90 new companies into its NextGen Foreign Direct Investment (FDI) program, reinforcing its reputation as a key destination for multinational technology partnerships. This initiative, launched by the Ministry of Economy, aims to attract innovative businesses and foster economic growth in the region.

The Ministry of Economy highlighted that this influx of companies represents a significant step towards enhancing the UAE’s technology landscape. The program is designed to support foreign investments, particularly in high-tech sectors, thereby contributing to the overall economic development of the nation.

In addition to attracting new businesses, the NextGen FDI program focuses on establishing sustainable partnerships that promote knowledge transfer and skill development. This approach not only benefits the participating companies but also strengthens the UAE’s workforce and innovation capabilities.