**Abu Dhabi**: The UAE’s Ministry of Economy partners with Schneider Electric in the NextGen FDI initiative, aimed at boosting the innovation landscape and supporting climate-tech startups, aligning with the country’s sustainability goals and commitment to achieving net-zero emissions.
The Ministry of Economy in the United Arab Emirates has officially welcomed Schneider Electric as the latest strategic partner in its NextGen FDI initiative, which is designed to attract and support global companies looking to establish a presence in the UAE. This development marks a significant move towards bolstering the UAE’s innovation landscape, particularly in the sectors of sustainability and climate technology.
The partnership between the Ministry and Schneider Electric aims to cultivate high-potential startups within these critical sectors, thereby reinforcing the UAE’s ongoing commitment to meeting its environmental goals. As a component of the collaboration, Schneider Electric will extend its resources by offering mentorship and networking opportunities for startups that are part of the NextGen FDI programme. Moreover, the company plans to introduce its portfolio, which includes various climate-tech ventures, industrial AI, mobility solutions, prop-tech, and cybersecurity firms, to the UAE. This initiative is expected to facilitate knowledge exchange and promote market expansion within the region.
Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, underlined the pivotal role of this partnership in advancing the UAE’s ambitions for achieving net-zero emissions. Speaking to Emirates News Agency, he remarked, “This collaboration empowers climate-tech startups with the tools and expertise to scale, aligning with the UAE’s vision for sustainability and energy-efficient infrastructure.”
Olivier Blum, the CEO of Schneider Electric, also emphasised the relevance of digitalisation and electrification in promoting sustainable development. He stated, “Our partnership will accelerate the UAE’s energy transition and strengthen its position as a global hub for innovation.”
The NextGen FDI initiative, which was launched in 2022, serves as a foundational element of the UAE’s strategy for economic diversification. Since its inception, the initiative has already managed to attract over 20 companies across various sectors, including artificial intelligence, renewable energy, robotics, and advanced manufacturing. The collaboration with Schneider Electric represents another significant stride in the UAE’s efforts to develop a knowledge-based and sustainable economy in the region.
Source: Noah Wire Services
- https://thetechnologyexpress.com/uae-ministry-of-economy-and-schneider-electric-partner-to-boost-climate-tech-startups/ – This URL supports the claim that the UAE Ministry of Economy has partnered with Schneider Electric under the NextGen FDI initiative to boost climate-tech startups, aligning with the UAE’s sustainability goals.
- https://www.wam.ae/en/article/biha3kg-ministry-economy%E2%80%99s-nextgen-fdi-programme-schneider – This URL corroborates the partnership between the Ministry of Economy and Schneider Electric to attract, mentor, and scale high-potential startups in sustainability and climate-tech sectors.
- https://esgmena.com/2025/03/03/ministry-of-economys-nextgen-fdi-program-schneider-electric-partner-to-scale-climate-tech-start-ups-in-uae/ – This URL explains Schneider Electric’s role as a strategic partner in supporting the UAE’s vision for energy resilience and sustainable development through the NextGen FDI initiative.
- https://www.noahwire.com – This URL is the source of the original article, providing context for the partnership between the UAE Ministry of Economy and Schneider Electric.
- https://www.thenationalnews.com/business/economy/2022/11/23/uae-launches-nextgen-fdi-initiative-to-attract-innovative-companies/ – This URL supports the claim that the NextGen FDI initiative was launched in 2022 to attract innovative companies and promote economic diversification in the UAE.
- https://www.schneider-electric.com/en/about-us/press/press-releases/ – This URL provides access to press releases from Schneider Electric, which may include announcements related to their partnership with the UAE Ministry of Economy and their commitment to climate-tech innovation.
- https://focus.hidubai.com/schneider-electric-joins-uaes-nextgen-fdi-initiative-to-boost-climate-tech-startups/ – Please view link – unable to able to access data
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
9
Notes:
The narrative mentions recent developments and initiatives launched in 2022, suggesting it is relatively current. However, without a specific date in the narrative, it’s difficult to pinpoint its exact freshness.
Quotes check
Score:
8
Notes:
Quotes from Dr Thani bin Ahmed Al Zeyoudi and Olivier Blum are included, but without specific dates or original sources, it’s challenging to verify their earliest appearance. They appear to be original to this context.
Source reliability
Score:
6
Notes:
The narrative originates from a less well-known publication (Focus on Hidubai), which may not have the same level of recognition as major news outlets like BBC or Reuters. However, it does report on official partnerships and initiatives.
Plausability check
Score:
9
Notes:
The claims about Schneider Electric joining the UAE’s NextGen FDI initiative and the goals of this partnership are plausible and align with broader trends in sustainability and economic diversification. Lack of specific evidence does not necessarily indicate falsehood.
Overall assessment
Verdict (FAIL, OPEN, PASS): OPEN
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The narrative appears to be relatively fresh and plausible, with quotes that seem original. However, the source reliability is somewhat uncertain due to the publication’s lesser-known status. Overall, while the information seems credible, further verification from more established sources would be beneficial.
