The UAE and Ireland have signed a Memorandum of Understanding (MoU) to deepen economic and technical cooperation and launch a Joint Economic Committee aimed at driving mutual growth and strengthening private sector engagement.
Signed as part of broader efforts to expand bilateral trade, the MoU outlines collaboration across key sectors including renewable energy, digital and green economy, supply chain resilience, food security, healthcare technology, and infrastructure development. The newly-formed Joint Economic Committee will serve as a platform to address barriers to investment and encourage participation in global exhibitions and conferences.
Non-oil trade between the two nations rose to $1.1bn in 2024, up from $694m in 2019. The MoU sets the stage for elevating this figure by capitalising on shared strategic interests and strong investment potential.
Gulf Economist Staff Writer