The NextGenFDI initiative, which was introduced in July, intends to foster the next generation of technology-based businesses and draw digitally sophisticated businesses to the UAE market. According to a memorandum of understanding (MoU) that the parties signed, the Ministry of Economy has announced that Creative Zone, a consulting and business establishment company with offices in the UAE, has joined the NextGenFDI project.
The NextGenFDI programme, which was launched in July, aims to attract digitally-advanced companies into the UAE market and develop the next generation of technology-based companies.
According to the state news agency, WAM, Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: “The agreement further confirms the UAE’s intentions to assist and promote emerging businesses and their growth. Through the initiative, Creative Zone will support these objectives by attracting new startups to the UAE and offering a range of business support services, while also boosting their capacity to grow, develop, and support the country’s digital business environment.”
Lorenzo Jooris, CEO of Creative Zone, said: “We are pleased to contribute to the NextGenFDI initiative, which aims to strengthen the UAE’s position as a global hub for best emerging digital businesses and leading unicorn companies. Digital technologies are rapidly changing how companies interact with their customers. At Creative Zone, we are committed to providing innovative, agile, and flexible business establishment solutions that will help companies maximise their potential and propel them to success in the UAE.”
Creative Zone has over 45,000 growing entrepreneurs and businesses in expanding their presence over the past decade. It will advance the objectives of the NextGenFDI initiative by providing potential investors and high potential entrepreneurs with a range of market-leading business launch solutions to ensure their flexible relocation to the UAE, WAM reported.
The MoU will help broaden the scope of the initiative, which strengthens and accelerates the UAE’s efforts to create an advanced global business environment for the technology sector. It also emphasises the programme’s capability of supporting innovative startups in priority industries.
NextGenFDI includes fast business licensing, group visa issuance, fast access to banking facilities, as well as access to educational and cloud services, and commercial real estate.
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