Page 400 - MOE ENGLISH PR REPORT - JULY 2024

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, stated, “The
Comprehensive Economic Partnership Agreement between the UAE and Mauritius is an
important step in our efforts to forge strategic partnerships that consolidate our position
as a hub for trade and investment, drive productivity in key export sectors, and increase
the global competitiveness of our business ecosystem.”

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said, “The
Comprehensive Economic Partnership Agreement between the UAE and Mauritius is a
welcome development for our country, one that will help develop an important trade
corridor between the UAE and Africa and open up an emerging market to our
investment community, especially for vital capital projects such as ports, transport hubs,
and tourism infrastructure.”

He added, “The agreement will drive both countries’ energy landscapes, especially as
Mauritius has an ambitious clean energy programme that seeks to increase the
contribution of renewable energy to 60 percent of the country’s electricity mix by 2030,
with a focus on several energy sources including solar, wind, biomass, hydro, and
waste-to-energy. The UAE, with its advanced technological know-how and extensive
experience in renewable energy development, can be a valuable partner to Mauritius in
this mission by supporting its transition to a sustainable, low-carbon economy – and
potentially a model for the whole of Africa.”

He further said, “As a fast-growing economy strategically located between the Asian and
African continents, Mauritius has the potential to be an important partner in these
efforts, and we look forward to deepening our cooperation in the months and years
ahead for the benefit of both nations.”

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said,
“The Comprehensive Economic Partnership Agreement between the UAE and Mauritius
is an important step in our foreign trade ambitions, and one that will open up new
opportunities for the UAE’s private sector in a number of fields.”

He added, “The Mauritian economy is one of the most promising in Africa, posting an
8.5 percent growth in GDP in 2022 – its fastest in 35 years. It also has a dynamic
industrial sector, with textiles and light engineering playing an important role in its
ongoing economic health."

He further stated, “The potential for collaboration with our own industrialists and
investors is significant, both in terms of supplying the Mauritian economy with the
materials and resources it needs and in helping to develop their industrial base to
ensure stronger, longer-term prosperity. This is an exciting opportunity to build an
important industrial bridgehead into Africa.”

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