Page 522 - MOE ENGLISH PR REPORT

Page 522 - MOE ENGLISH PR REPORT - MARCH 2025

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3/14/25, 1:35 PM UAE, Italy: Promising partnerships for sustainable, prosperous future
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