Page 196 - MOE ENGLISH PR REPORT - JULY 2024

7/31/24, 10:47 AM Latest News
H.E. Alia bint Abdulla Al Mazrouei, the Minister of State for Entrepreneurship, witnessed the signing of a
memorandum of understanding (MoU) between Ghafa Sustainability and Energy Solutions LLC and Atsuya

Technologies Pvt Ltd, an Indian sustainability solutions company. The partnership will help foster innovation
and cooperation in the areas of energy optimization and water consumption, as well as enhancing energy

efficiency.
The signing took place on the sidelines of the Investopia Global talks held in Chennai, Tamil Nadu, India

recently, in collaboration with the Government of Tamil Nadu and the Confederation of Indian Industry (CII).
The event was attended by more than 300 participants, including leaders, investors, entrepreneurs,

economic experts, and representatives of prominent UAE and Indian private sector companies.
H.E. Alia Al Mazrouei said: “The UAE's strategic vision to establish itself as a global hub for the new economy
by the next decade hinges on the localization of innovation, entrepreneurship, and technology across various

sectors and activities, in line with the objectives of ‘We the UAE 2031’ vision. Through Investopia, we are
committed to supporting these efforts by encouraging business communities to form valuable partnerships in

new and sustainable economic sectors. Additionally, our aim is to facilitate the growth of businesses in
technology-driven fields, innovation, entrepreneurship, and Fourth Industrial Revolution technologies.”
“The new partnership between Ghafa Sustainability and Atsuya aims to contribute to the UAE's vision of

transitioning to a knowledge-driven economy and fostering an ecosystem conducive to entrepreneurship,
innovation, research, and development. This strategic partnership centers on the creation of innovative

businesses and new solutions that harness cutting-edge technologies, thus solidifying the UAE's status as a
global hub for entrepreneurship, innovative businesses and startups. Moreover, this agreement will bolster

the future prospects for the sustainable energy field in the country and reinforce its leadership in this vital
sector at both regional and international levels,” H.E. Alia Al Mazrouei added.

Rashed Aldhaheri, CEO of Ghafa Sustainability & Energy Solutions LLC, said: “We are excited to partner
with Atsuya Technologies to bring advanced IoT and AI-powered sustainability solutions to the UAE. This
collaboration aligns with our commitment to drive sustainable development and energy efficiency across the

region.”
"Our partnership with Ghafa Sustainability & Energy Solutions represents a significant step forward in our

mission to provide innovative sustainability solutions. We look forward to working together to create impactful
projects that contribute to a greener and more sustainable future,” said Rahul Ganapathy, CEO of Atsuya

Technologies Pvt Ltd.
The MoU signed between Ghafa Sustainability & Energy Solutions and Atsuya Technologies will facilitate the

development of IoT and AI-powered solutions. The primary objective is to improve energy efficiency and
promote sustainability by leveraging Atsuya's technological proficiency and Ghafa's wealth of resources and
energy field experience.

The MoU reflects the UAE’s keenness to strengthen collaboration and forge partnerships with global
companies in crucial economic sectors and domains. Its objective is to leverage the enablers offered by the

country's business ecosystem to companies, entrepreneurs, and SMEs from across the globe, empowering

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