Page 244 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/27/24, 2:11 PM UAE, Albania convene inaugural Joint Economic Committee in Tirana
Discussions during the meeting centred on advancing joint projects in renewable

energy, logistics, infrastructure, and agriculture. The UAE's Masdar and Albania's

KESH announced plans to collaborate on clean energy projects, targeting up to 3

gigawatts of solar and wind capacity, with an initial 100-megawatt solar plant set to

launch soon.

In logistics, both sides committed to exploring opportunities to enhance

connectivity, with a focus on strategic transport projects, including the Durres-

Pristina railway line, which will streamline trade routes across the Western Balkans.

Efforts to bolster tourism were also a key focus, with plans to increase cross-border

travel and investment in hospitality infrastructure.

Upon conclusion of the JEC meeting, Al Zeyoudi and the UAE private sector

delegation participated in a networking session with Laura Saro, General Director

of the Albanian Investment Development Agency (AIDA), and the agency's

business community members to further explore potential areas of collaboration to

expand and strengthen business ties between the two nations.

Non-oil trade between the UAE and Albania reached US$80 million in 2023, a
117% increase over 2022. The upward trend continued in the first half of 2024, with

trade valued at US$66.4 million, a 64% year-on-year growth. This positions the
UAE as Albania's leading GCC trading partner and a pivotal player in its broader

Arab trade relations

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