UAE and Egypt sign several MoUs to advance energy security and economic growth
The agreements focus on renewable energy, industrial integration, and advanced infrastructure development
In a new step toward bolstering sustainable development and industrial collaboration, Egypt and the UAE have signed several Memoranda of Understanding (MoUs) during a high-profile ceremony held at the Egyptian Parliament in the New Administrative Capital.
The agreements focus on renewable energy, industrial integration, and advanced infrastructure development, aligning with both nations' long-term strategic goals. This is reported by Emirates News Agency (WAM), a partner of TV BRICS.
The papers, signed in the presence of Egypt’s Prime Minister Mostafa Madbouly and UAE Minister of Industry and Advanced Technology Ahmed Al Jaber, include plans for two major solar plants (2 GW each) and a cutting-edge battery storage facility, as well as a massive 3 GW project poised to become the world's largest floating photovoltaic station.
Furthermore, the two nations discussed the establishment of a 20 sq. km industrial hub aimed at attracting global investment in renewable energy, advanced manufacturing, and logistics, and initiatives for solar plants in the Dakhla Oasis (900 MW) and Benban (300 MW), along with energy storage systems.
Ahmed Al Jaber emphasised that the agreements reflect the UAE's commitment to fostering industrial and energy partnerships in line with shared sustainability goals.
“These initiatives aim to foster growth and prosperity for both nations, strengthen supply chain sustainability and resilience, and enhance self-sufficiency,” he stated.
According to the officials, these partnerships showcase Egypt's growing role in the renewable energy landscape within the BRICS framework, enhancing collaboration between nations for sustainable development. They also highlight the UAE’s leadership in supporting global energy transitions and fostering industrial modernisation.
Photo: iStock
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