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7/10/24, 5:08 PM UAE, Japan discuss latest developments in comprehensive strategic partnership, sign MoUs – UAE Business and Travel Insights – …
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.
UAE Delegation:
The UAE delegation included Dr. Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Saeed Mubarak
Al Hajeri, Assistant Foreign Minister for Economic and Trade Affairs; Musabbeh Al Kaabi, Executive Director
of Low Carbon Solutions and International Growth at ADNOC; Mohamed Al Ramahi, CEO of Abu Dhabi
Future Energy Company “Masdar”; and Thomas Pramotedham, CEO of Presight.
The UAE is a reliable source for supplying Japan with energy sources and is considered a strategic partner in
various fields. The UAE is the largest supplier of oil to Japan, as its oil exports during the month of April
amounted to about 35.8 million barrels (representing more than 45 percent of Japan’s imports during the same
month). Oil exports in 2023 represented 44.7 percent of Japan’s total oil imports. On the other hand, the UAE
exported the world’s first certified shipment of low-carbon ammonia to Japan, which was produced using
“carbon capture and storage” technology through cooperation between Vertiglobe and Japan’s Mitsui. This
shipment comes as part of ADNOC’s efforts to accelerate the development of global value chains for low-carbon
hydrogen and ammonia.
Mubadala Investment Company also announced its first renewable energy projects in Japan, through PAG’s
platform (“PAG REN I”), which mainly specializes in providing solar energy to companies. The platform aims to
provide its services in the Asia-Pacific region, with a primary focus on Japan.
The UAE is a source of about 60 percent of foreign direct investment flows to Japan from the Middle East
during the year 2023, while the UAE attracted about 82 percent of the total Japanese investments in the Middle
East countries during the same year (an increase of 71 percent from the year 2022), mainly covering diverse
sectors such as technology, renewable energy and transportation.
The total trade exchange between the two countries in 2023 amounted to about $47.4 billion (including
petroleum products), while non-oil trade exchange amounted to about $15.6 billion during 2023, achieving a
growth of 6.1 percent compared to 2022.

The UAE is considered as the first trading partner to Japan in terms of exports and imports to the Gulf
Cooperation Council countries, as the country receives 47 percent of Japan’s exports to the GCC countries.

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