Page 533 - MOE ENGLISH PR REPORT - MARCH 2025

3/14/25, 1:37 PM UAE, Italy: Promising Partnerships For Sustainable, Prosperous Future - UrduPoint
He further stated that the remarkable growth of over 50 percent in non-oil trade

over the past five years underscores the promising potential for further expansion

in bilateral trade.

Expressing optimism about the long-term outcomes of President His Highness

Sheikh Mohamed bin Zayed Al Nahyan's visit to Italy, Al Zeyoudi emphasised that

it marks the beginning of a new era in the strategic relations between the two
nations, built on achieving mutual benefits.

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.

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