The UAE is keen to strengthen its relations with Brazil in the energy and minerals sector

Yesterday, His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council of the Emirate of Abu Dhabi, received the Minister of Mines and Energy of the Federal Republic of Brazil, Alexandre Silveira.

During the meeting, ways to strengthen economic relations between the two friendly countries were discussed, especially in vital areas including the energy sector and mineral exploration, in addition to discussing opportunities to expand strategic partnerships and enhance the exchange of expertise and modern technologies, which contributes to supporting comprehensive development and economic prosperity in both countries.

On the sidelines of the meeting, His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan witnessed the signing of a memorandum of understanding between the two countries to enhance their bilateral relations in the areas of developing investments in the field of energy, mineral exploration, and other related fields. It was signed on the UAE side by the Minister of Investment, Mohammed Hassan Al Suwaidi. On the Brazilian side, Minister of Mines and Energy, Alexandre Silveira.

His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan stressed the UAE’s keenness to continue strengthening its strategic relations with the Federal Republic of Brazil, especially in the energy and minerals sector, pointing out the importance of exchanging experiences and encouraging joint projects that contribute to supporting sustainability and innovation in this vital sector. In a way that benefits the two friendly countries and enhances their efforts to achieve sustainable and comprehensive development goals in both countries.

This agreement comes in light of the results of the official visit made by His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan to the Federal Republic of Brazil last November, and his meeting with President Luiz Inacio Lula da Silva, to discuss enhancing bilateral cooperation between the two friendly countries in various fields of interest. Joint efforts, especially in the areas of clean energy, mineral exploration, and developing sustainable investments.

This agreement aims to support mutual investments in the field of mineral exploration, development, processing and marketing, in addition to cooperation in several key areas, such as supporting investment in advanced technology, the research and development system, preparing the workforce, and qualifying competencies in relevant technical fields.

On this occasion, Mohammed Hassan Al Suwaidi said, “Our cooperation with Brazil confirms the strength of our partnership and our joint commitment to promoting sustainable economic growth.” This memorandum of understanding constitutes an extremely important step to enhance cooperation in the mining sector, support the transformation of the energy sector, and ensure the application of world-class practices in the economic, social and governance fields. It also embodies the UAE’s commitment to strengthening promising partnerships that are mutually beneficial to the two countries. We are confident that the memorandum will stimulate the development of… Relations between the UAE and Brazil, across the private and public sectors, are in the interest of both countries in the long term.

The economic relations between the UAE and Brazil are characterized by supporting mutual investments in vital fields and encouraging trade exchange. The UAE is Brazil’s second largest trading partner in the Middle East, as the volume of non-oil trade exchange between the two countries exceeded 2.64 billion US dollars during the first six months of the year. 2024.