Ministry of industry briefs 11 French startups about UAE business scene

As many as 11 French startups in the technology, infrastructure and services were briefed about the UAE’s business environment by the Ministry of Industry and Advanced Technology (MoIAT).
The event was the ministry’s latest initiative designed to promote partnerships between the UAE and foreign businesses operating in the advanced technology sector.
The briefing, held in the presence of prominent UAE industrial bodies, business incubators and funding entities, is also in line with the ministry’s strategic objectives of creating a business environment that attracts investors, stimulates innovation and facilitates the adoption of advanced technology, the ministry said in a statement.
The ministry’s partners participating in the event included ADNOC, the Ministry of Economy, the Emirates Development Bank, Middle East Venture Partners (MEVP), DP World, Dubai Silicon Oasis, the Abu Dhabi Future Energy Company (Masdar), Dubai Electricity and Water Authority (DEWA), and EDGE Group.
Also present were Dubai Technology Entrepreneurship Campus and TECOM’s In5, which are among the country’s largest startup incubators.
Business France, the national agency supporting the development of the French economy internationally, cooperated in the hosting of the event.
All 11 companies are members of La French Fab Booster Middle East program, which is organized by Business France to support French companies in global markets.
Mohamed Al Qassim, Director of the Department of Technology Adoption and Development at MoIAT, briefed the French companies about the “Operation 300bn”, the national strategy for industry and advanced technology, and its role in creating an attractive business environment for local and international investors, particularly in areas such as advanced technology and the applications of Industry 4.0 solutions.