Her Excellency Sarah Al Amiri, UAE Minister of State for Advanced Technology, and Her Excellency María Reyes Maroto, Spain's Minister for Industry, Trade and Tourism, signed the MoU last Wednesday in the presence of officials from both countries

The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a Memorandum of Understanding (MoU), which aims to boost cooperation in the field of industry and advanced technology across multiple sectors.

In line with the objectives of the National Strategy for Industry and Advanced Technology, to enhance innovation and advanced technology adoption and position the UAE as a global hub for future industries, the MoU aims to establish a framework that will facilitate and enhance the UAE and Spain’s industrial cooperation. Its objective is to advance industries in both countries through industrial collaborations, research and development, knowledge and policy exchange, and technology transfer.

Her Excellency Sarah Al Amiri, UAE Minister of State for Advanced Technology, and Her Excellency María Reyes Maroto, Spain’s Minister for Industry, Trade and Tourism, signed the MoU last Wednesday in the presence of officials from both countries.

Her Excellency Sarah Al Amiri said: “In line with the directives of our wise leadership as part of the Principles of the 50, the Ministry aims to enhance innovative industries in the UAE to build the world’s most active economy. We look forward to a fruitful collaboration with Spain’s Ministry of Industry, Trade and Tourism through joint efforts in advanced technology and research and development, to support the transformation towards a knowledge-based economy.”

She added: “Knowledge- and experience-exchange serves our national goals outlined in the Projects of the 50, where we launched the Fourth Industrial Revolution Program, UAE Industry 4.0, with the aim of increasing the level of industrial productivity by 30% and adding about AED25 billion the national economy within 10 years. This will stimulate the performance of the UAE’s industrial sector and enhances its competitiveness regionally and globally, within a national directive that supports the UAE’s digital, technical and scientific excellence. It will also strengthen the UAE’s status as a global capital for talent, companies and investments, and a leading global destination for future industries.”