The Ministry of Industry and Advanced Technology (MoIAT) and the Federal Ministry of Finance of the Republic of Austria have signed an agreement to develop a green hydrogen industry.
This agreement is based on the Comprehensive Strategic Partnership, signed in July 2021 when His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces visited Austria.
The deal was signed in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; and Elisabeth Köstinger, Federal Minister of Agriculture, Regions, and Tourism of Austria; on behalf of Dr. Magnus Brunner, LL.M., Federal Minister of Finance of Austria; in the presence of Karl Nehammer, Federal Chancellor of Austria; Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment; Leonore Gewesler, Federal Minister of Austria; Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology; Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology; and Dr. Andreas Liebmann, Ambassador of Austria to the UAE.
Dr. Al Jaber said, “The MoU aims to establish a comprehensive collaboration in hydrogen technology, which will build on the strengths of each party and contribute to the UAE’s position as a leading global energy producer. The agreement is also in line with the UAE’s commitment to net-zero emissions by 2050 through the deployment and use of clean energy solutions.”
“This agreement is in line with the wise leadership’s vision and directives to boost efforts in positioning the UAE among the top industrial countries in the world and contribute to building a sustainable and diversified economy that will make the UAE an international model for sustainable economic development. To achieve this, we must focus on enhancing investment incentives, accessibility of resources, and a strong infrastructure. It is also imperative that we develop strategic initiatives that both guide our path forward and demonstrate the foresight to adapt to global shifts,” he added.
He continued, “This agreement follows the comprehensive strategic partnership signed in mid-2021 and builds on the strong relationship between the UAE and the Republic of Austria. Our bilateral relations encompass several strategic sectors, including information technology, communication technology, advanced technology, digitalization, the fourth industrial revolution, and sustainability, among others. Both countries prioritize international cooperation and are committed to an open and transparent dialogue.”
Elisabeth Köstinger said, “It is our shared objective to meet the growing global energy demand while reducing carbon emissions. The United Arab Emirates offers ideal conditions for green hydrogen production, while Austria has decades-long experience in gas transport and storage as well as the required infrastructure. We have decided to combine our respective comparative advantages for the greater good. Today’s signing of a cooperation agreement ensures the Republic of Austria and the UAE remain at the forefront of energy innovation.”
This partnership will ensure long-term and reliable common goals in the hydrogen industry including, production, storage, transport, conversion, trade, utilization of clean hydrogen, and research and development.
