Mensha Ventures signs MoU with China to bolster UAE’s sustainable capabilities

Mensha Ventures signs MoU with China to bolster UAE’s sustainable capabilities

ABU DHABI, 9th May, 2023 (WAM) -- Mensha Ventures signed a Memorandum of Understanding with its strategic partners from China, including the Asia Development and Investment Bank, Hoover Investment Group, and Shenzhen Sinomaster Investment Group (SMT), to jointly invest $1 billion in green energy infrastructure projects in the region.

The MoU was signed on the sidelines of the Annual Investment Meeting which runs in Abu Dhabi.

The primary objective of this partnership is to bolster the UAE's sustainable capabilities and capacity by developing green energy infrastructure projects. This initiative will help the UAE achieve its renewable energy targets while reducing its carbon footprint. This partnership will help the companies leverage their collective expertise to create a lasting impact on the environment and society.

While this partnership is expected to open up new avenues for sustainable investment opportunities in the region, it will also drive economic growth and contribute to the UAE's vision for a sustainable future. Overall, this partnership between Mensha Ventures and its strategic partners from China marks a significant milestone in the UAE's efforts to achieve a sustainable future.

Further to the above, Mensha Ventures Chairwoman Dr. Tan and the Asian Development and Investment Bank (ADIB) Sun have signed an MoU to