Page 25 - MOE ENGLISH PR REPORT - JULY 2024

Press Release

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.

-Ends-

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