Page 519 - MOE ENGLISH PR REPORT - MARCH 2025

The visit saw the signing of several cooperation agreements across various sectors, reflecting the
UAE's commitment to forging impactful partnerships that anticipate future trends and foster shared
prosperity, further strengthening the longstanding ties between the two nations.
The UAE Ministry of Investment signed three MoUs with Italy to support joint investments and
enhance cooperation in the pharmaceutical, minerals, data centres, and artificial intelligence (AI)
sectors. These agreements aim to establish a framework for investment collaboration that
promotes innovation, knowledge exchange, and the integration of technology and AI, advancing
progress in value chains related to life sciences, metals, and technology in both countries.

Additionally, Abu Dhabi Future Energy Company (Masdar), TAQA Transmission and Italy's Eni S.p.A.
signed a framework agreement to advance their recently established trilateral strategic partnership
with Albania. This partnership focuses on clean energy projects, including renewable energy and
energy infrastructure, to enhance energy security, support sustainable development, and
accelerate transformation in the energy sector across the Mediterranean region.

EDGE Group strengthened its collaboration with ELT Group by signing a Letter of Intent during the
Italy-UAE Entrepreneurial Forum. This move reflects the shared commitment of both parties to
advancing technological innovation in the defence sector. The agreement underscores their joint
efforts to harness advanced defence and technology solutions to address global security
challenges.

Furthermore, the Abu Dhabi Investment Office (ADIO) signed a strategic partnership agreement
with Cassa Depositi e Prestiti (CDP), the National Promotional Institution (NPI) and International
Development Cooperation organisation of Italy, to facilitate and enhance Italian investments in Abu
Dhabi while enabling Emirati companies to capitalise on business opportunities in Italy.

ADIO also signed an agreement with Italian telecommunications group TIM to support the
company's plans to establish a regional headquarters in Abu Dhabi. The agreement aligns with
TIM's strategy to expand its international presence and contributes to ADIO's efforts to position Abu
Dhabi as a leading global hub for advanced digital communications and future technologies.

These new partnerships further strengthen UAE-Italy relations, building on the Economic,
Industrial, Technological, and Financial Cooperation Agreement of 1984 and the Investment
Promotion and Protection Agreement of 1995 between the two governments.
Through these collaborations, the UAE and Italy will explore investment opportunities and
economic partnerships by leveraging governmental efforts to connect businesses and promote
investment across various value chains.

WAM/KN

https://www.wam.ae/en/article/bifhsle-uae-italy-promising-partnerships-for-sustainable