Page 206 - MOE ENGLISH PR REPORT - JULY 2024

7/31/24, 10:48 AM H.E. Alia Al Mazrouei witnesses MoU signing between Ghafa Sustainability & Atsuya Technologies aimed at promoting innovation …
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 them to establish impactful

ventures. This reinforces the UAE’s standing as a prominent global business hub and a premier destination for new
economy enterprises.

Several key areas covered by the MoU include sustainable energy technologies, research and development, energy

efficiency, capacity building and knowledge sharing to promote sustainable best practices, and energy monitoring and
regulation.

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