UAE NextGen FDI Programme Welcomes TG0 And Zelos Technology To Boost Innovation In Autonomous Driving And Touch-Sensing
The UAE's Ministry of Economy has welcomed two new companies into its NextGen FDI programme. This initiative supports global tech firms in establishing or expanding their operations in the UAE, contributing to the nation's knowledge economy. The latest additions are TG0 from the UK, known for touch-sensing technology, and China's Zelos Technology, which specialises in autonomous driving solutions.
By participating in the NextGenFDI programme, these companies will enjoy benefits like quick incorporation, expedited visa processes, and immediate access to financial services. They will also gain support and networking opportunities within the growing NextGenFDI community. This initiative is designed to attract innovative companies that can enhance the UAE's industrial and technological capabilities.
The NextGenFDI programme was launched by the UAE Ministry of Economy to draw high-tech firms worldwide. It aims to foster innovation, support SME growth, and develop sustainable industries. With a focus on sectors such as ICT, healthcare, and advanced manufacturing, it plays a crucial role in diversifying the UAE's economy.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, expressed enthusiasm about the expertise these companies bring. He stated that TG0's innovations could transform healthcare and smart government services. Meanwhile, Zelos Technology is expected to boost urban mobility and logistics sectors in the UAE.
TG0's China Business Executive Joyce Zhen highlighted how the UAE's welcoming stance towards advanced technologies aligns with their vision of enhancing human-machine interaction. She noted that support from NextGenFDI would help them expand their market reach using the UAE's infrastructure.
Zelos Technology's Managing Director Terry Zhou shared similar sentiments about joining the initiative. He remarked that this partnership marks an exciting new chapter for their company. The strategic focus on advanced technologies makes the UAE an ideal location for their autonomous driving solutions.
"The UAE continues to attract forward-thinking companies that can enrich our innovation ecosystem," said Dr. Al Zeyoudi. "These companies reinforce our status as a welcoming home for innovation and are a testament to our efforts to nurture the industries of the future."
The inclusion of TG0 and Zelos Technology underscores the UAE's commitment to becoming a global hub for future industries. Their participation is expected to drive smarter transportation systems and enhance human-machine interactions across various sectors.
With inputs from WAM
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