Page 689 - MOE ENGLISH PR REPORT - JULY 2024

7/10/24, 5:10 PM UAE, Japan discuss latest developments in comprehensive strategic partnership, sign MoUs
low emission economic growth, and supporting the achievement of the goals of the

"UAE Consensus" reached during the Conference of Parties "COP28".

He highlighted as well that the UAE adopted from an early stage the development

and implementation of clean energy projects locally, regionally and globally, and

called for attracting more investments in the energy sector to meet the growing

global demand for it.

In turn, Dr. Thani Al Zeyoudi stressed that Japan is one of the most important

trading partners of the UAE around the world (the ninth largest trading partner of

the UAE globally and the fifth largest in the Gulf Cooperation Council), and the

UAE is also the largest trading partner of Japan among the GCC countries. Bilateral

relations are witnessing remarkable development in light of the joint will of the

leadership of the two friendly countries to advance these relations to 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.

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

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