UAE signs MoU with Scotland to promote bilateral trade

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
UAE-Scotland Partnership
Officials during the signing ceremony | WAM

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has discussed ways to develop trade and investment opportunities with Mr. Neil Gray, Scotland’s Cabinet Secretary for Wellbeing Economy, Fair Work and Energy.

The meeting is the latest in a series of high-level exchanges between the UAE and Scotland as well as a reflection of the strength of the bilateral relationship. It concluded with the signing of a Memorandum of Understanding (MoU) that seeks to pursue bilateral trade, private-sector, and academic partnerships in the fields of advanced technology, innovation, education, and research.

Thani bin Ahmed Al Zeyoudi Image
Dr. Thani bin Ahmed Al Zeyoudi
UAE Minister of State Foreign Trade

“The UAE and Scotland are increasingly like-minded partners, two nations who are leveraging technology, innovation, investment, and talent to transform our economies and deliver new chapters of success. As we pursue a knowledge economy, one capable of embracing the possibilities of the next 50 years, it is important to exchange insights, expertise, and experiences with nations on a similar growth trajectory, and establish joint initiatives in the public, private, and academic arenas that can further our economic diversification ambitions. This memorandum signals our intent to deepen our collaboration with Scotland, and build a partnership of long-term benefit.”

The MoU is designed to foster collaboration in priority sectors such as clean energy and artificial intelligence and is the direct result of the work of the joint UAE-Scotland task force that was established earlier this year to develop areas of shared interest.

Commenting on the agreement, Mr. Neil Gray said that, “I welcome this progress in further developing Scotland’s relationship with the UAE. Collaboration with the UAE and other countries to deepen our economic relations, meet our shared green energy goals, and promote a just transition has never been more important. I look forward to this agreement helping us deliver a more sustainable and prosperous economy.”

Recommended | Sharjah & Brazil sign MoU to strengthen trade relation