H.E. Alia bint Abdulla Al Mazrouei, the UAE Minister of State for Entrepreneurship, witnessed the signing of a memorandum of understanding (MoU) between Ghafa Sustainability and Energy Solutions LLC and Atsuya Technologies Pvt Ltd, an Indian sustainability solutions company. This strategic partnership aims to foster innovation and cooperation in energy optimization and water consumption, enhancing energy efficiency in both regions.
The signing ceremony took place on the sidelines of the Investopia Global talks held recently in Chennai, Tamil Nadu, India. The event was a collaboration between the Government of Tamil Nadu and the Confederation of Indian Industry (CII). More than 300 participants attended, including leaders, investors, entrepreneurs, economic experts, and representatives from prominent UAE and Indian private sector companies.
H.E. Alia Al Mazrouei stated, “The UAE’s strategic vision to establish itself as a global hub for the new economy by the next decade hinges on the localization of innovation, entrepreneurship, and technology across various sectors and activities, in line with the objectives of ‘We the UAE 2031’ vision. Through Investopia, we are committed to supporting these efforts by encouraging business communities to form valuable partnerships in new and sustainable economic sectors. Additionally, our aim is to facilitate the growth of businesses in technology-driven fields, innovation, entrepreneurship, and Fourth Industrial Revolution technologies.”
She further emphasized that the partnership between Ghafa Sustainability and Atsuya Technologies aligns with the UAE’s vision of transitioning to a knowledge-driven economy. “This strategic partnership centers on the creation of innovative businesses and new solutions that harness cutting-edge technologies, solidifying the UAE’s status as a global hub for entrepreneurship, innovative businesses, and startups. Moreover, this agreement will bolster the future prospects for the sustainable energy field in the country and reinforce its leadership in this vital sector at both regional and international levels,” she added.
Rashed Aldhaheri, CEO of Ghafa Sustainability & Energy Solutions LLC, expressed his enthusiasm for the partnership. “We are excited to partner with Atsuya Technologies to bring advanced IoT and AI-powered sustainability solutions to the UAE. This collaboration aligns with our commitment to drive sustainable development and energy efficiency across the region.”
Rahul Ganapathy, CEO of Atsuya Technologies Pvt Ltd, echoed this sentiment. “Our partnership with Ghafa Sustainability & Energy Solutions represents a significant step forward in our mission to provide innovative sustainability solutions. We look forward to working together to create impactful projects that contribute to a greener and more sustainable future.”
The MoU will facilitate the development of IoT and AI-powered solutions, aiming to improve energy efficiency and promote sustainability by leveraging Atsuya’s technological expertise and Ghafa’s extensive experience in the energy sector.
This agreement highlights the UAE’s commitment to strengthening collaboration and forging partnerships with global companies in crucial economic sectors. It aims to leverage the enablers offered by the UAE’s business ecosystem to companies, entrepreneurs, and SMEs worldwide, empowering them to establish impactful ventures. This initiative reinforces the UAE’s standing as a prominent global business hub and a premier destination for new economy enterprises.
Key areas covered by the MoU include sustainable energy technologies, research and development, energy efficiency, capacity building, knowledge sharing to promote sustainable best practices, and energy monitoring and regulation.
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