Page 620 - MOE ENGLISH PR REPORT - JULY 2024

He said that Japan is also a pivotal knowledge partner for the UAE in the areas of economic
diversification and sectors of the future economy based on knowledge and innovation, given
its rich history in these fields.

Dr. Al Zeyoudi pointed out that the visit of the UAE delegation to Japan aimed to strengthen
bilateral relations and conclude more partnerships and agreements to accelerate and
stimulate growth in sectors of common interest, in a way that supports enhancing trade
exchange and exploring more new investment opportunities for business sectors and

companies.
The visit witnessed the signing and announcement of new strategic and vital partnerships
between the two countries. A memorandum of Understanding was signed between ADNOC

and the Japan Bank for International Cooperation (JBIC) for green financing worth $3 billion.
This agreement will support ADNOC’s pioneering efforts in reducing emissions and adopting
low-carbon solutions in its operations.
A Memorandum of Cooperation was also signed regarding strategic reserves between
ADNOC and the Natural Resources and Energy Agency (affiliated with the Japanese Ministry

of Economy, Trade and Industry - METI) aimed at enhancing cooperation between the two
countries in the field of energy and ensure its security and sustainability. The MoC will
support the growth of the Japanese economy by providing a strategic reserve that helps

mitigate energy price shocks amid market and supply chain fluctuations.
During his meeting with Kamikawa Yoko, Minister of Foreign Affairs, Dr. Sultan praised the
UAE-Japanese relations, which are witnessing remarkable development within the framework
of the comprehensive strategic partnership. The talks included the latest developments in the

implementation of joint projects, programs and initiatives and enhancing cooperation
horizons.
Dr. Sultan Al Jaber also met with Ken Saito, Japanese Minister of Economy, Trade, and

Industry.

The meeting reviewed the various aspects of economic cooperation between the two
countries and ways to enhance them to serve mutual interests. Additionally, they explored
ways to strengthen trade, investment, energy, renewable energy, industry, advanced
technology, and other fields of mutual interest.
Dr. Sultan Al Jaber held a meeting with Taro Kono, Minister of Digital Transformation, where

the two sides affirmed their keenness to cooperate in the field of advanced technology and
digital transformation, including artificial intelligence and its applications in various vital
sectors, supporting and encouraging related industries, and working to explore investment

opportunities and joint projects in these areas.

https://wam.ae/en/article/b40bt91-uae-japan-discuss-latest-developments