UAE and Ireland Sign MoU to Boost Economic, Technical Cooperation

The UAE and Ireland have formalized an agreement (MoU) to boost economic and technical collaboration and create a Joint Economic Commission, as part of broader initiatives to strengthen bilateral relations and encourage private sector involvement.

The contract was endorsed by Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, along with Niamh Smyth, Ireland's Minister for Trade Promotion, AI, and Digital Transformation. The MoU seeks to enhance cooperation in fields such as trade and investment, energy efficiency, renewable energy, infrastructure, the digital and green economy, supply chain resilience, food security, healthcare technology, and other mutual interests.

Essential elements of the MoU encompass the advancement and diversification of economic and technical collaboration founded on mutual advantage and equality.

Dr Thani Al Zeyoudi said, “The relationship between the UAE and Ireland is one of mutual respect and shared ambition. With a foundation built on trade and cooperation, we are well-positioned to explore new avenues for investment and collaboration. The signing of this MoU is a testament to our commitment to enhancing bilateral relations and unlocking the significant potential that exists between our two countries.”

Niamh Smyth, who noted the signing coincides with the 50th anniversary of diplomatic relations between the two nations, added: “The Joint Economic Commission will give a new forum for further collaboration in areas such as trade and investment, aviation, education and research, renewable energy and green technology, healthcare and life sciences. Once fully established, it will serve as a vehicle to enhance internal cooperation and coordination, strengthening Ireland’s partnership with one of the most dynamic economies in the world.”

The relationship between the UAE and Ireland is founded on common values and a dedication to growth driven by technology and innovation. Both nations are actively cultivating business ecosystems to draw foreign direct investment into key sectors.