Page 430 - MOE ENGLISH PR REPORT - JULY 2024
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7/23/24, 11:23 AM PRESSR: UAE ministers and officials emphasize the importance of the Comprehensive Economic Partnership agreement with Ma…
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.
https://www.tradingview.com/news/reuters.com,2024-07-22:newsml_Zaw3GqCF0:0-pressr-uae-ministers-and-officials-emphasize-the-importance-of-th… 2/8
