Senior officials at the signing ceremony.
The Ministry of Industry and Advanced Technologies (MoIAT) on Monday signed a Memorandum of Understanding with the Federal Ministry of Finance of the Republic of Austria for comprehensive collaboration in the hydrogen technology industry.
The agreement follows the Comprehensive Strategic Partnership, which was signed in July 2021 during the official visit to Austria of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces. United.
The partnership reaffirmed its commitment to expanding bilateral relations and launching a new era of cooperation to drive growth in their respective countries, particularly in priority sectors such as the energy sector.
The agreement was signed by Dr. Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technologies; and Elisabeth Kstinger, Federal Minister for Agriculture, Regions and Tourism of Austria; on behalf of Dr. Magnus Brunner, LL.M., Federal Minister of Finance of Austria; in the presence of Karl Nehammer, Federal Chancellor of Austria; Mariam Bint Mohammed Almheiri, Minister of Climate Change and Environment; Leonore Gewesler, Federal Minister of Austria; Sarah Bint Yousif Al Amiri, Minister of State for Advanced Technologies; Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technologies; and Dr. Andreas Liebmann, Ambassador of Austria to the United Arab Emirates.
Dr Al Jaber said: “The MoU aims to establish comprehensive collaboration in hydrogen technology, which will build on each party’s strengths and contribute to the UAE’s position as the world’s leading producer. of energy. The agreement is also in line with the UAE’s commitment to net zero emissions by 2050 through the deployment and use of clean energy solutions.
“This agreement is in line with the vision and direction of wise leaders to strengthen efforts to position the UAE among the best industrial countries in the world and contribute to building a sustainable and diversified economy that will make the UAE United Arab Emirates an international model of sustainable economic development. To achieve this, we must focus on improving investment incentives, resource accessibility and sound infrastructure. It is also imperative that we develop strategic initiatives that guide our path and demonstrate the foresight needed to adapt to global changes,” he added.
He continued: “This agreement follows the comprehensive strategic partnership signed in mid-2021 and builds on the strong relationship between the UAE and the Republic of Austria. Our bilateral relations encompass several strategic sectors, including information technology, communication technology, advanced technologies, digitalization, the fourth industrial revolution and sustainability, among others. Both countries prioritize international cooperation and are committed to open and transparent dialogue.
For her part, Elisabeth Kstinger said: “Our common goal is to meet growing global energy demand while reducing carbon emissions. The United Arab Emirates offers ideal conditions for the production of green hydrogen, while Austria has decades of experience in gas transport and storage as well as the required infrastructure. We have decided to combine our respective comparative advantages for the greater good. Today’s signing of a cooperation agreement ensures that the Republic of Austria and the United Arab Emirates remain at the forefront of energy innovation.
The goal of global collaboration in the hydrogen technology industry is to build a long-term, reliable and mutually beneficial partnership for shared and common goals. The collaboration will include a permanent framework for collaboration and exchange across the entire hydrogen ecosystem, including production, storage, conversion, transport, trade, conversion, use of clean hydrogen, as well as manufacturing and services throughout the value chain, and research and development activities.
In addition, the collaboration will develop a common roadmap to support the acceleration of hydrogen use in key sectors such as utilities, mobility and industry, through their respective operating companies.
Meanwhile, His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Austrian Chancellor Carl Nehmer deliberated on prospects for further strengthening bilateral relations. in the light of the global strategic partnership. between the two countries. This came as His Highness Sheikh Mohamed welcomed the Austrian leader, who is on a working visit to the United Arab Emirates, to Al Shate Palace today.
At the start of the meeting, Sheikh Mohamed renewed his congratulations to Nehmer on being sworn in as Austrian Federal Chancellor, wishing him every success in the service of his country and people. He also wished Austria continued progress, growth and stability.