Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

UAE announces inclusion of Creative Zone in NextGenFDI initiative

Creative Zone will support the goals of the NextGenFDI initiative by providing investors and entrepreneurs with innovative solutions. (WAM)
  • The NextGenFDI program, which was launched in July 2022, aims to attract digitally-advanced companies to the UAE.
  • NextGenFDI includes fast business licensing, group visa issuance, fast access to banking facilities, as well as access to educational and cloud services.

ABU DHABI, UAE  – The Ministry of Economy has announced that Creative Zone, one of the UAE’s largest consulting and business establishment companies, has joined the NextGenFDI initiative.

The NextGenFDI program, which was launched in July 2022, aims to attract digitally-advanced companies to the UAE and develop the next generation of technology-based companies.

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.

Creative Zone will support the goals of the NextGenFDI initiative by providing investors and entrepreneurs with innovative solutions that will contribute to their growth in the UAE.

According to a memorandum of understanding (MoU) signed between the ministry and Creative Zone, the company will support the goals of the NextGenFDI initiative by providing investors and entrepreneurs with innovative solutions that will contribute to their growth in the UAE.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: “The UAE places a high value on entrepreneurship and acknowledges it as a key engine for innovation and creativity, given its potential to sustainably support the country’s economic growth.”

He said, “It is consistent with the directions of the wise leadership and objectives of the Fifty Years’ goals and the UAE Centennial Plan 2071.”

He added, “The agreement further confirms the UAE’s intentions to assist and promote emerging businesses and their growth.”

The minister said, “Creative Zone will support these objectives by attracting new startups to the UAE and offering a range of business support services, while also supporting the country’s digital business environment.”

Lorenzo Jooris, CEO of Creative Zone, said, “We are committed to providing innovative and flexible solutions that will help companies maximize their potential and propel them to success in the UAE.”

Creative Zone is among the country’s trusted startup advisory firms, having assisted over 45,000 growing entrepreneurs and businesses in expanding their presence over the past decade.

Creative Zone 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.