Cookie Consent by Privacy Policies Generator website Ministry of Economy: Godel Technologies becomes Next Digitally Enabled Company to Join NextGenFDI Program : GoDubai.com

GoDubai
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

H.E. Al Zeyoudi: The UAE continues to enhance its attractiveness as an FDI and talent destination. The initiative supports its vision to build a national economy based on knowledge & innovation

 

Abu Dhabi, 9 August 2022

Godel Technologies, a UK-based agile software development company founded in 2002, has become the latest digitally oriented business to join the UAE's landmark NextGenFDI initiative, the Ministry of the Economy announced. The move supports the concerted national efforts to achieve the goals of NextGenFDI, which was launched by the Ministry in partnership with seven strategic partners that are also some of the leading organizations in the UAE. As the latest member of the initiative, Godel Technologies will move its regional headquarters to the Dubai International Financial Centre (DIFC) in the UAE, with plans to create 250 job opportunities within two years.

 

H.E. Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, said: “The UAE continues its efforts to attract FDI, innovative minds and talent. The implementation of the NextGenFDI initiative is in line with the UAE's vision to build a new economic model based on knowledge, innovation and sustainability. Attracting leading global businesses such as Godel Technologies to invest and expand in the country's markets reflects the initiative's promising potentials, following its launch last July.” He further pointed out that the Ministry of Economy continues its cooperation with partners to achieve the goals of the initiative, and to attract leading businesses and international talent – be it from developed markets or developing economies, and that more new companies are set to join the initiative soon.

 

The NextGenFDI program strives to attract some of the world's best software developers, data scientists, computer programmers, and digital asset leaders across a broad range of technology fields, including Web 3.0, AI, games and data science.

 

The Ministry of Economy, along with other stakeholders of the initiative, will support Godel Technologies by facilitating optimal corporate structuring, banking readiness support with Emirates NBD, batch visa processing, and provision of accommodation for employees.

 

Godel is the second company to take advantage of the NextGenFDI program, which offers globally competitive market entry support to global businesses to help them foray into the UAE market. Krush Brands, a full-stack food technology company, was the first to join NextGenFDI and relocate its global HQ to the UAE under the scheme.

 

Neil McMurdo, CEO of Godel Technologies, said: “The opportunity to be part of the NextGenFDI program will give Godel Technologies beneficial access to market entry fundamentals. The initiative will support our ambitious plans to grow to 250 people over the next two years and we look forward to establishing the Godel brand at the heart of one of the UAE's leading financial hubs.”

 

Godel Technologies currently employs over 1,800 staff across its offices in the UK, Poland, Belarus, Bulgaria, Lithuania, Georgia, and Ukraine. It specializes in software engineering, quality assurance, automation, data engineering and analytics, agile consulting, digital transformation, AI and machine learning, mobile solutions, and more. The company serves e-commerce, finance, energy, automotive, travel, manufacturing, professional services, and retail industries.

 

The benefits of NextGen FDI include expedited business set-up processes, banking readiness, simpler visa procedures, and attractive commercial and residential leasing terms. In an effort to provide smoother market-entry, the initiative brings together stakeholders from across government and the private sector. Current partners include DIFC, Abu Dhabi Global Market, the Dubai Multi Commodities Centre, Dubai Internet City, Dubai South, Emirates NBD and the digital banking platform Wio.

 

Godel Technologies will set up operations in NextGenFDI partner DIFC, joining nearly 600 other digitally enabled businesses. DIFC has the region's largest FinTech and innovation community in the Middle East and North Africa, and about 60 per cent of regional FinTech companies are already based there, according to the DIFC Authority. Fellow NextGenFDI partner Emirates NBD will provide Godel Technologies with banking support.

 



Posted by : GoDubai Editorial Team
Viewed 4809 times
Posted on : Tuesday, August 9, 2022  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Tadweer-Organises-an-Awareness-Campaign-on-the-Maintenance-of-Septic-Tanks
Next Story : Mai-Dubai-receives-two-Grade-A-certifications-from-Dubai-Municipality
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
  • Take A Deep Dive Into Bernhard H. Mayer's Latest Watch, the Wave Breaker [10980-Views]
  • Arab Achievements In The New Guinness World Records 2023 Book Revealed [9656-Views]
  • Time On Mars [7823-Views]
  • Pandora Reveals First Ever Art Collaboration With Keith Haring X Pandora [7593-Views]
  • Cartier Announces Deepika Padukone As An Ambassador [6097-Views]
  • The First-ever BMW XM. [5879-Views]
  • Charles Simon Disrupts Watch Industry With Innovative Accessories. [4883-Views]
  • Fyne Jewellery Re-launches The Stargazing Collection [4858-Views]
  • Mexico and Costa Rica Explore Cooperation in Culture and Knowledge Sectors ... [4703-Views]
  • Samsung Electronics Announces New Environmental Strategy [4366-Views]
  • Tanishq Takes “Every Woman A Diamond” Global [4289-Views]
  • Torrente Keeps Grip On Title Race As Zandbergen Claims Maiden Victory In It... [4145-Views]
  • GJC Felicitates Malabar Gold & Diamonds [4079-Views]
  • Up To $85 Billion Needed In Investments To Achieve Sustainable Waste Manage... [3891-Views]
  • BOCA Partners with Goshopia to Create Sustainable Uniforms for its Guest Re... [3616-Views]
  • Free Gourmet Coffee For The First 25 Diners At Le Gourmet On 1st Oct [3374-Views]
  • ADQ and OIA Identify AED 30 Billion Worth of Investment Opportunities in Om... [3333-Views]
  • Department Of Statistics And Community Development Launches Sharjah Census ... [3120-Views]
  • Dubai Customs Represents A Leading Model In Cooperating With Other Countrie... [3063-Views]
  • Ons Jabeur And Emma Raducanu Confirmed For Mubadala World Tennis Championsh... [3042-Views]
  • Emirates Literature Foundation Opens 2023 Edition Of Competitions For Stude... [2981-Views]
  • Making the Best Out of Classroom Learning with LG ProBeam [2903-Views]
  • Middle East Airlines Adopts Sita's Cloud-based Baggage Reconciliation Syste... [2841-Views]
  • Danube Properties' Dh525 Million Opalz – Its 3rd Project In 2022 – Sold Out... [2780-Views]
  • ADNOC Diadnoc Distribution Board Approves AED 1.285 Billion Interim Cash Di... [2772-Views]
  • Torno Subito Welcomes Back Its Third Edition Of ‘Massimo's Friends,' With C... [2722-Views]
  • Cisco to Showcase Latest Innovations Powering an Inclusive and Sustainable ... [2710-Views]
  • Samsung's Trade-in Offers For The Galaxy Z Series Now Available Across The ... [2685-Views]
  • Etihad Rail Moves To A Self-operating Model After Concluding Knowledge Tran... [2673-Views]
  • The Department of Municipalities and Transportation nominates 33 employees ... [2620-Views]
  • Abu Dhabi Music & Arts Foundation Supports Emirati Artist Maitha Abdalla's ... [2604-Views]
  • Oman Rail and Etihad Rail Joint Venture Board Of Directors Holds Inaugural ... [2604-Views]
  • Sameer Garde to Become CEO of Capillary; Aneesh Reddy to serve as Vice Chai... [2550-Views]
  • IATA to Trial CO2 Emission Calculator for Air Cargo with Etihad [2550-Views]
  • Ogilvy PR Launches Global Business Influence Offer [2460-Views]
  • IGCF 2022: Nama's Inspiring Sessions To Highlight Women's Achievements and ... [2444-Views]
  • Emirates Motor Company Sees First AMG-only Service Weekend [2419-Views]
  • MEBAA Show 2022 Set To Welcome New International Exhibitors As Business Avi... [2415-Views]
  • Galaxy A series' Fun Mode Hits Landmark of 2.5 Billion Usage [2394-Views]
  • Carrefour's 27th Anniversary [2390-Views]
  • Air Cargo Priorities: Sustainability, Modernization, Safety & People [2378-Views]
  • For The Ultimate Premium TV Viewing Experience, Look Not Beyond TCL's C835 ... [2378-Views]
  • Kia ‘opposites United' Design Philosophy Celebrated At Unique Seoul Exhibit... [2358-Views]
  • ISO Annual Meeting 2022 In Abu Dhabi Ends With Call To Harmonize Standards ... [2337-Views]
  • UAE Banks Federation Audit Committee Holds Its Sixth Meeting (and second fo... [2321-Views]
  • DLD Mo'asher: August 2022 Records Highest Sales Transactions Worth AED 24.3... [2271-Views]
  • Imam Turki Bin Abdullah Royal Nature Reserve Development Authority (ITBA) P... [2259-Views]
  • Art Season Begins With New Exhibition, Artist Talks, Folklore Workshops And... [2251-Views]
  • Fruit Attraction 2022 Opens Tomorrow With Record Numbers Anticipated; KSA a... [2243-Views]
  • Etihad Airways To Host Arab Air Carriers' Organization AGM [2226-Views]