The partnership could become a growth driver for other sectors and boost the economies of both countries
The UAE Ministry of Investment and Kenya's Ministry of Information, Communications and Digital Economy have signed an important co-operation memorandum. This pact sets goals and a framework to support investment in digitalisation and technology.
In line with the Investment Memorandum, there will be an examination of investment prospects in digital infrastructure and artificial intelligence services in Kenya. Furthermore, there is a strategy in place to initiate data center strategies with a combined capacity reaching 1,000 megawatts.
The evaluation of opportunities for creating advanced language models in artificial intelligence is also part of the plan. This is reported by Emirates News Agency (WAM), a partner of TV BRICS.
The document was signed by Mohamed Hassan Alsuwaidi, Minister of Investment and Eliud Owalo, Cabinet Secretary at the Ministry of Information, Communications and the Digital Economy in Kenya.
It is noticeable that the digital economy in Kenya is growing significantly, primarily driven by the Information and Communication Technology (ICT) sector, which has grown by 23 per cent annually over the last ten years.
According to the paper, the aim is to promote the development of digital infrastructure as well as introduce incentives to support relevant initiatives in this area.
In addition, the presented concept of a “digital corridor” is a key element of this memorandum, ensuring the secure exchange and transfer of data between the UAE and Kenya.
The document was signed after the finalisation of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Kenya, which has strengthened investment ties and significantly increased bilateral trade, reaching US$3,1 billion in 2023.
Photo: iStock-
![]()
Economy13.08.26Brazil unveils its logistics development plan up to 2050 -
![]()
Economy12.08.26China leads humanoid robot market with 97% of global shipments -
![]()
Economy12.08.26Iran to become member of New Development Bank -
![]()
Economy12.08.26Vietnam boosts spice exports and expands global market presence -
![]()
Economy12.08.26Iran and South Africa to expand cooperation in education and science -
![]()
Economy11.08.26Egypt expects to attract high-quality investment from India into industry and exports
-
![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
