The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Science and Innovation (MSI) have signed a Memorandum of Understanding (MoU) to establish an advanced technology framework over the next three years.
The framework seeks to promote bilateral collaboration in areas such as technological advancement, technology transfers, and the deployment of key industry 4.0 technologies.
“This MoU lies at the core of Ministry’s objective of improving industrial and building new economic sectors through the adoption and deployment of industry 4.0 technologies and fostering strong research and development (R&D) partnerships. This partnership will also support our efforts to enhance our R&D, catalyzing our efforts to ensure that innovation remains an integral part of our future growth and progress”.
Health and life sciences that include precision, personalized medicine solutions, space systems including the commercial development and launch of small multi-use satellites, transport and logistics technologies such as real-time logistics and supply chain management systems, renewable energy including storage, smart grid, and solar power technologies, and artificial intelligence (AI) and 4IR technologies to enhance industrial manufacturing processes efficiency and a variety of other topics are among the areas of collaboration covered by the MoU.
Mr. Pedro Duque Spain’s Minister of Science and Innovation pointed out that “This agreement is essential for both of our countries. It will allow us to increase scientific cooperation through the establishment of a robust institutional framework. Close collaboration in critical fields such as Health and Life Sciences, Renewable Energy, Space, Transportation, Artificial Intelligence, Industry 4.0 and Enabling technologies, will help our countries better face society’s most pressing interdisciplinary and interdependent challenges”.
The MoU aims to foster cooperation in a variety of fields, including collaboration between the industrial and academic sector, joint research and development ventures, the establishment of joint innovative industrial clusters, information, intellectual property (IP), and capability exchange protocols and licensing arrangements.