UAE & Italy discuss bilateral relations to promote strategic partnership

By Arya M Nair, Official Reporter
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UAE_Italy strategic partnership
Ms. Giorgia Meloni & His Highness Sheikh Mohamed bin Zayed Al Nahyan discuss strategic partnership

The United Arab Emirates (UAE) and the Republic of Italy have announced the promotion of their relations to the level of Strategic Partnership.

The announcement came during a meeting held between President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Italy’s Prime Minister Ms. Giorgia Meloni at Al Shati Palace in Abu Dhabi.

During the meeting, the two sides announced a “Declaration of Intent” on enhancing cooperation within the United Nations Climate Change Conference of the Parties (COP28) and climate action, in addition to a Memorandum of Understanding (MoU) for cooperation on energy transition projects and sustainability initiatives between ADNOC and the Italian energy group Eni.

The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions. It also contributes to enhancing the long-term strategic partnership between the two companies, boosting energy security and accelerating low-carbon economic and industrial growth.

Areas of cooperation include reducing carbon emissions, with a focus on carbon capture, utilization and storage technologies, enhancing energy efficiency, joint investment in green hydrogen, and renewable and clean energy.

The two parties held discussions and exchanged views on the latest international developments and explored ways to increase cooperation in the fields of political, economic, humanitarian, cultural, climate and energy transformation between the two countries, while emphasizing the commitment of their two governments to strengthen bilateral relations between the UAE and Italy on the basis of confidence, understanding and mutual respect.

The UAE and Italy share common goals, including achieving sustainable development and economic growth, strengthening cooperation with the international community, prosperity and stability, and traditional values of peace, tolerance, human fraternity, coexistence, dialogue and openness.

This strategic partnership will enable the UAE and Italy to focus their joint efforts on expanding and deepening the horizons of cooperation in areas of mutual strategic interest, including political, diplomatic, international, economic and trade cooperation, in addition to collaboration in the field of direct investment and partnerships between various sectors, including healthcare and sustainable development, food and water security, cooperation in industry and advanced technology, defense and climate change, renewable energy and clean technologies, energy security and transition, education, culture, people-to-people exchanges, sports and other vital areas.

Related: UAE & Turkey sign CEPA to enhance economic cooperation & trade growth