Al Zeyoudi addresses US GreenTech delegation in Dubai

  • Date: 02-Jun-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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Al Zeyoudi addresses US GreenTech delegation in Dubai

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, addressed a US-led GreenTech delegation to the UAE, outlining the growth opportunities offered to companies developing low-carbon and alternative energy solutions in the UAE’s supportive ecosystem. He also emphasised the need for public-private collaboration in driving the transition towards a green economy.

The three-day US GreenTech Mission, organised by the US Chamber of Commerce in partnership with the UAE Embassy in Washington, welcomed more than 75 business leaders from US multinational companies, SMEs and startups across various sectors, including finance, energy, renewables, transportation and logistics. Against the backdrop of the UAE’s COP28 preparations, the US delegation focused on green investment prospects across the nation.

During his address, Al Zeyoudi reaffirmed the UAE's commitment to leading a global energy transition, highlighting UAE’s US$50 billion in investments in clean and renewable energy projects in 70 nations across six continents. He emphasised the joint UAE-US “Partnership for Accelerating Clean Energy”, which was signed in November 2022 and commits US$100 billion to deploy 100 gigawatts of clean energy by 2035.

Al Zeyoudi also underscored the UAE’s NextGenFDI programme, which has been specifically designed to foster the development of new industries and capabilities that address today’s