Abu Dhabi : The Ministry of Investment of the United Arab Emirates (UAE) has signed three Memoranda of Understanding (MoUs) with the Republic of Italy to support mutual investments and strengthen cooperation in pharmaceuticals, minerals, as well as data centres and artificial intelligence (AI).
Respectively, these agreements establish a framework for investment collaboration, fostering innovation, knowledge transfer, and the integration of technology and artificial intelligence to drive progress across the life sciences, minerals, and technology value chains in both countries.
The new partnerships will benefit the advancement of bilateral relations between the UAE and Italy, building on the foundation of the 1984 Economic, Industrial, Technological, and Financial Cooperation Agreement and the 1995 Investment Promotion and Protection Agreement between the Government of the United Arab Emirates and the Government of Italy.
In addition to the MoU with Italy, the UAE has also recently announced a partnership with France on AI, with MGX and G42 driving AI infrastructure investments as part of this broader strategic vision, further solidifying the UAE’s leadership in the sector. These strategic collaborations underscore the UAE, MGX and G42’s commitment to building strong international alliances and advancing AI-driven innovation on a global scale.
