Page 413 - MOE ENGLISH PR REPORT - JULY 2024
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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.”

               Abdullah Bin Touq Al Marri, Minister of Economy, said, “Mauritius is a rapidly growing
               economy that serves as an important gateway into Africa. With real GDP growth
               projected to reach 3.8 per cent and 4.2 percent in 2024 and 2025, respectively, Africa
               has emerged as an important hub of global growth.”

               He added, “The UAE-Mauritius Comprehensive Economic Partnership Agreement
               builds on nearly five decades of trade ties between our two nations and represents
               another important step in the expansion of our global trading network and our mission to
               double the size of our economy to Dhs3 trillion by 2031.”


               https://gulftoday.ae/business/2024/07/22/uae-ministers-officials-emphasise-importance-of-cepa-
               with-mauritius
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