Page 24 - MOE ENGLISH PR REPORT - JULY 2024

Press Release

H.E. Alia Al Mazrouei witnesses MoU signing between Ghafa

Sustainability & Atsuya Technologies aimed at promoting

innovation & enhancing energy efficiency for a sustainable future

• Signing takes place on the sidelines of Investopia Global Talks in

Chennai, India

• H.E. Alia Al Mazrouei: The new partnership will help foster an ecosystem

conducive to entrepreneurship & innovation, supporting the UAE's vision
to become a global hub for new economy

Abu Dhabi, 29 July 2024:

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