Connect with us

Information & Technology

UAE, Scotland sign MOU to promote bilateral trade, deepen technology, innovation and research collaboration



  • The UAE and Scotland shared non-oil trade worth $870 million in 2022, an increase of 70% over 2021
  • HE Dr Thani: “The UAE and Scotland are like-minded nations who are leveraging technology, innovation, investment and talent to transform our economies and deliver new chapters of success”

His Excellency Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, welcomed Scotland’s Cabinet Secretary for Wellbeing Economy, Fair Work and Energy, Neil Gray, to the UAE on Wednesday to discuss ways to develop trade and investment opportunities between the two countries – the latest in a series of high-level exchanges between the UAE and Scotland and a reflection of the strength of the bilateral relationship.

The meeting 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 advance technology, innovation, education and research. In particular, 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.

His Excellency Dr Thani Al Zeyoudi heralded the MOU as another important step for bilateral relations. “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.”

Commenting on the agreement, Scotland’s Cabinet Secretary for Wellbeing Economy, Fair Work and Energy, Neil Gray, said: “I welcome this progress in further developing Scotland’s relationship with the UAE. Collaboration with 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.”

The UAE and Scotland already enjoy productive economic relations. In 2022, the two nations shared non-oil trade in excess of $870 million in 2022, an increase of 70% over 2021, with Scotland exporting goods worth US$625 million to the UAE, representing 8.6% of all UK exports to the UAE. The two nations have also pursed a number of strategic investments in recent years, including Masdar’s 25% stake in Hywind Scotland, a 30-megawatt floating offshore pilot wind farm in the North Sea.



Sports4 weeks ago

Continental Racing: Emirati Team Clinches Victory in GT4 Class at the Hankook 24H Dubai

In a weekend filled with high-octane excitement, the celebrated Hankook 24H Dubai race returned to the famed Dubai Autodrome, continuing...

Art & Culture4 weeks ago

du achieves the Best Culture & Employee Engagement in the Region with 81% Rating in Glint’s Index

du, from Emirates Integrated Telecommunications Company (EITC), today announced results of the Culture & Employee Engagement Index survey conducted through...

Food & Beverages4 weeks ago

Dinner on the Beach: A Culinary Journey with French Flair at Drift Beach Dubai

This Valentine’s Day, DRIFT introduces a captivating experience – Dinner on the Beach. For the first time at DRIFT, relish...

Travel & Tourism4 weeks ago

Readers are rewarded at emirates airline festivals of literature

Emirates Airline Festival of Literature kicked off the first day of their 2024 edition with a ceremony to honour the...

Events & Happenings4 weeks ago

Abu Dhabi Festival 2024 Honors Giacomo Puccini’s Legacy With Spectacular Gala Concert

In the presence of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah,...

Healthcare4 weeks ago

Emirates Health Services concludes its successful participation in Arab Health 2024

Emirates Health Services, the exclusive partner in healthcare services, successfully concluded its participation in Arab Health 2024, which concluded on...

Automotive4 weeks ago

Ride in Style: Don’t Miss Out on Arabian Automobiles’ Renault Duster Offers

Renault of Arabian Automobiles, the exclusive Renault dealership serving Dubai, Sharjah, and the Northern Emirates, and a flagship company within...

Information & Technology1 month ago

Emirates Post Group Unveils New Brand Identity ‘7X’ for Future

Emirates Post Group Company (EPG) has unveiled its new brand identity – 7X – during an exclusive event at Madinat...

Health & Fitness1 month ago

Emirates Health Services “Basma” Project Addresses Healthcare Requirements in 313 Schools

Dr. Shamsa Majid Lootah, Director of the Public Health Department at Emirates Health Services (EHS), announced the launch of the...

Health & Fitness1 month ago

MoHAP hosts panel discussion on Nursing future at Arab Health 2024

"Nursing… Ambitious Future Insights"

News1 month ago

‘Vilal Housing’ to deliver 50 Residential Villas by 2024 to its Clients in the UAE

The nation-wide company constructs homes exclusively for UAE citizens across 7 emirates

News1 month ago

Statement by Ahmad bin Meshar Al Muhairi, Secretary General of SLC

on the Anniversary of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum’s accession as the Crown Prince of...

Automotive1 month ago

Audi Middle East and Museum of the Future enter 3rd year of partnership, with the showcase of the revolutionary activesphere concept

Audi Middle East and Museum of the Future have announced the arrival of the revolutionary activesphere concept car, marking a...

News1 month ago

Watani Al Emarat signs MoU with Emirates Society for Parent Care and Relief

To strengthen collaboration in organizing and supporting the senior citizen community

News1 month ago

Global Village announces second Geely Raffle Draw for a chance to win a Flagship Geely Tugella

Raffle participation will run until March 7th, and winner will be announced at Global Village on March 8, 2024 from...