Page 167 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/18/25, 11:28 AM UAE, Ireland sign MoU to enhance economic and technical cooperation and the establishment of a Joint Economic Commission
Memorandum of Understanding (MoU) aimed at enhancing economic and technical cooperation and the
establishment of a Joint Economic Commission between the United Arab Emirates and Ireland. The
signing is part of a broader effort to drive mutual economic growth and increase private sector
engagement between the two nations.

The MoU aims to strengthen bilateral trade relations and establish a Joint Economic Committee to
facilitate ongoing dialogue and collaboration. It will explore collaboration in various sectors, including
trade and investment, energy efficiency, renewable energy, infrastructure development, the digital and
green economy, supply chain resilience, food security, healthcare technology, and other areas of shared

interest. The key points of the MoU include developing and diversifying economic and technical
cooperation founded on shared values of equality and mutual benefit.

The Joint Economic Committee will promote business delegation visits, facilitate the exchange of
information on economic developments and programs, and strive to create a favorable two-way
investment climate. Additionally, the MoU encourage both parties to engage and foster collaboration at

international exhibitions, conferences, and seminars. and addressing any obstacles hindering bilateral
economic cooperation.

His Excellency Dr. Thani Al Zeyoudi remarked, “The relationship between the UAE and Ireland is one of
mutual respect and shared ambition. With a foundation built on trade and cooperation, we are well-

positioned to explore new avenues for investment and collaboration. The signing of this MoU is a
testament to our commitment to enhancing bilateral relations and unlocking the significant potential that
exists between our two countries.”

Her Excellency Niamh Smyth highlighted the warm reception received from HE Dr Thani Al Zeyoudi and
his team as a reflection of the friendship that has grown between Ireland and the UAE, adding the

significance of signing the agreement as the two nations mark 50 years of diplomatic relations. HE
Smyth said: “The Joint Economic Commission will give a new forum for further collaboration in areas
such as trade and investment, aviation, education and research, renewable energy and green

technology, healthcare and life sciences. Once fully established, it will serve as a vehicle to enhance
internal cooperation and coordination, strengthening Ireland’s partnership with one of the most dynamic
economies in the world, and one with huge potential for increased bilateral trade and investment.”

HE Smyth concluded that growth in UAE-Ireland relations would not have been possible without the
State Agencies of each side, Enterprise Ireland, Bord Bia, the IDA, and Tourism Ireland, who “work

tirelessly to promote Ireland here in the UAE,” she said, adding that “through these collective efforts, the
bilateral relationship has reached truly remarkable heights.”

The relationship between the UAE and Ireland is characterized by shared values and mutual
commitment to fostering innovation and technology-driven economies. Both nations are actively

developing their business ecosystems to attract foreign direct investment in strategic sectors. With over

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