Page 661 - MOE ENGLISH PR REPORT - JULY 2024

7/10/24, 5:08 PM UAE And Japan Discuss The Latest Developments In The Comprehensive Strategic Partnership And Sign A Number Of Memorand…
new heights of mutual economic growth, in a way that serves common interests, by encouraging more
cooperation in a number of fields, including economy, trade and investment.

His Excellency said: 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.

New Strategic Partnerships:

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 Her Excellency Kamikawa Yoko, Minister of Foreign Affairs, His Excellency
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.

His Excellency Dr. Sultan Al Jaber also met with His Excellency 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.

His Excellency Dr. Sultan Al Jaber held a meeting with His Excellency 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.

UAE Delegation:

https://www.middleeastevents.com/news/page/uae-and-japan-discuss-the-latest-developments-in-the-comprehensive-strategic-partnership-and-sign-a-… 2/3