His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and HE Mark Rutte, Prime Minister of The Kingdom of the Netherlands, have pledged to strengthen cooperation in industries of the future.
During a CEO roundtable in Dubai-themed “Energizing the Future,” they discussed catalyzing investments and joint ventures in key sectors, including renewable energy, the space industry, artificial intelligence, entrepreneurship, agri-tech, and smart mobility solutions. The meeting concluded with the signing of an agreement to collaborate on water management.
Prime Minister Rutte led a Dutch delegation to the UAE to enhance trade and investment ties, focusing on establishing a sustainable economic corridor aligned with Net Zero and decarbonized value chains. This could involve the transportation of green hydrogen between the two nations.
The UAE and the Netherlands have been strengthening their bilateral relations, with the Netherlands ranking among the UAE’s top-five trading partners in the EU. Bilateral non-oil trade in the first half of 2023 reached AED 11.2 billion, marking a 20.4% increase compared to the same period in 2022.
HE Al Zeyoudi emphasized the commitment to developing innovative solutions to global challenges, highlighting the importance of knowledge and innovation in building an agile economy. Both nations share a vision of sustainable growth based on technology and talent.
Prime Minister Rutte emphasized the synergies between the UAE and the Netherlands in sustainability and green hydrogen ambitions. They aim to create a green hydrogen corridor of the future.
HE Al Zeyoudi invited Dutch entities to leverage incentives offered within the UAE’s business ecosystem, including full foreign ownership, flexible tax policies, and streamlined business setup. The UAE’s global connectivity, supported by infrastructure and trade agreements, provides seamless access to markets like India, Israel, Indonesia, Türkiye, and Cambodia.
The CEO roundtable highlighted the commitment of both nations to drive innovation and collaborate on sustainable solutions for the future.