The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a Memorandum of Understanding (MoU) to boost cooperation in the field of industry and advanced technology across multiple sectors.

The MoU aims to establish a framework that will facilitate and enhance the UAE and Spain’s industrial cooperation. Its objective is to advance industries in both countries through industrial collaborations, research and development, knowledge and policy exchange, and technology transfer.

Sarah Bint Yousif Al Amiri, Minister of State for Advanced Technology, and Maria Reyes Maroto, Spain’s Minister for Industry, Trade and Tourism, signed the MoU in the presence of officials from both countries.

Sarah Al Amiri said, “In line with the directives of our wise leadership as part of the Principles of the 50, the Ministry aims to enhance innovative industries in the UAE to build the world’s most active economy. We look forward to a fruitful collaboration with Spain’s Ministry of Industry, Trade and Tourism through joint efforts in advanced technology and research and development, to support the transformation towards a knowledge-based economy.” She added, “Knowledge- and experience-exchange serves our national goals outlined in the Projects of the 50, where we launched the Fourth Industrial Revolution Programme, UAE Industry 4.0, to increase the level of industrial productivity by 30 per cent and add about Dhs25 billion to the national economy within 10 years.