UAE and Netherlands to work together on renewable energy, space, artificial intelligence, agricultural technology and smart mobility
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Abu Dhabi: Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Mark Rutte, Prime Minister of the Kingdom of the Netherlands, agreed to deepen collaboration in the industries of the future during a CEO roundtable in Dubai held under the theme “Energizing the future”.
Both expressed the desire to catalyze investment flows and joint ventures in priority sectors such as renewable energy, the space industry, artificial intelligence, entrepreneurship, agrotechnology and smart mobility solutions, and concluded the meeting by witnessing the signing of an agreement to cooperate in Water Administration.
Mark Rutte was leading a Dutch delegation to the UAE to seek stronger trade and investment links between the two nations, including establishing a sustainable economic corridor that can take advantage of the opportunities created by Net Zero and the drive towards decarbonised value chains. .
green hydrogen
This includes the potential for transporting green hydrogen between the two nations. The UAE and the Netherlands have been expanding their bilateral relations in recent years, and the Netherlands is among the UAE’s top five trading partners in the EU.
In the first half of 2023, bilateral non-oil trade reached Dh11.2 billion, representing an increase of 20.4 percent compared to the same period in 2022.
Al Zeyoudi said the roundtable, which also featured Gerard Paul Marie Hubert Steigs, Ambassador of the Kingdom of the Netherlands to the United Arab Emirates, helped underline the commitment to working together to develop pioneering solutions to the world’s most pressing problems. world.
Ally
“The Kingdom of the Netherlands is a long-standing ally on our path to developing an agile economy based on knowledge and innovation.
“Our private sectors have already forged important joint ventures in sectors such as agritech and the energy transition, and we believe there are many more high-value opportunities to explore on the path to Net Zero. We both share a long-term vision. Sustainable growth through long term based on technology and talent, and we believe that our meeting today will spark a new wave of cooperation on multiple fronts.”
Trading nations
Prime Minister Mark Rutte agreed that both sides have many synergies in terms of sustainability.
“The UAE and the Netherlands have a lot in common. We are both trading nations with a large global impact, so it is logical that our relationship focuses heavily on trade and investment. But we both also have big ambitions for green hydrogen and that is why we are strengthening ties to create a green hydrogen corridor of the future.”
The minister also invited Dutch entities to take advantage of the numerous incentives offered within the UAE’s dynamic business ecosystem, including full foreign ownership, flexible tax policies and fast-track business establishment and licensing. He also highlighted the nation’s global connectivity, which is supported by world-class infrastructure and a new generation of trade agreements under the Comprehensive Economic Partnership Agreement programme.
UAE-based exporters now have seamless access to the markets of India, Israel, Indonesia, Turkiye and Cambodia, which account for almost a quarter of the world’s population.
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