Godel Technologies, a UK-based agile software development company formed in 2002, has become the latest digitally led organization to commit to the UAE’s landmark NextGenFDI programme, the Ministry of the Economy announced today. Godel will establish its regional HQ in the Dubai International Financial Centre (DIFC) with plans to grow a 250-strong workforce within 2 years. The company will be using the NextGenFDI programme to facilitate optimal corporate structuring, banking readiness support with Emirates NBD, batch visa processing, and provision of accommodation for employees.
Godel Technologies currently employs over 1,800 staff across its offices in the UK, Poland, 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.
Godel becomes the second company to take advantage of the NextGenFDI programme, which was launched in July 2022 to attract the world’s leading digital companies to the UAE with a globally-competitive market entry offer. Krush Brands, a full-stack food technology company, was the first to announce it had joined NextGenFDI, relocating its global HQ to the UAE under the scheme.
The benefits of NextGen FDI include expedited business set-up processes, efficient 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. Additional stakeholders will be announced soon.
Godel Technologies will set up in NextGenFDI partner DIFC – joining around 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.
HE Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, welcomed Godel Technologies and highlighted the advantages of NextGenFDI’s novel multi-stakeholder approach: “The UAE continues to think and apply itself globally. We want to attract the best businesses and exceptional worldwide talent, whether from mature markets or developing economies. I am delighted that Godel Technologies, a leading software company from the UK, has joined the NextGenFDI initiative to access a full range of market-entry support – and I look forward to announcing more businesses, and more supportive stakeholders to the initiative, very soon.”
Godel Technologies CEO Neil McMurdo, said: “Having the opportunity to be part of the NextGenFDI programme will give Godel Technologies beneficial access to market entry fundamentals. The initiative will support our ambitious plans which we have in place to grow to 250 people over the next 2 years and we look forward to establishing the Godel brand in the heart of Dubai’s leading financial hub.”
The initiative is also looking to bring in some of the world’s best software developers, data scientists, computer programmers and digital asset entrepreneurs, across a wide range of technological fields including web 3.0 technologies, AI, gaming and data science.