Page 424 - MOE ENGLISH PR REPORT - JULY 2024
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7/23/24, 11:23 AM UAE ministers and officials emphasize the importance of the Comprehensive Economic Partnership agreement with Mauritius
His Excellency Mohamed bin 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.”
His Excellency Suhail Mohamed 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.”
His Excellency added: “The agreement will drive both countries’ energy landscapes, especially as
Mauritius has an ambitious clean energy program that seeks to increase the contribution of renewable
energy to 60% 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.”
His Excellency added: “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.”
His Excellency Dr. Sultan 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.”
His Excellency added: “The Mauritian economy is one of the most promising in Africa, posting an 8.5%
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.
Al Jaber said: “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.”
His Excellency Abdulla 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%
and 4.2% in 2024 and 2025, respectively, Africa has emerged as an important hub of global growth.”
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