Dr. Sultan container Ahmed Al Jaber, Minister of Industry and Advanced Innovation, and Patrick Pouyanne, chairman as well as CEO of TotalEnergies, today chaired in Abu Dhabi, the initial plenary meeting of the UAE-France High-Level Company Council.
The meeting, which was attended by Bruno Le Maire, French Minister of Economy, Financing and Industrial as well as Digital Sovereignty, underlined the mandate presented on the Council by the management of both nations and also set the framework for a comprehensive approach to considerably broaden and strengthen the UAE-France economic connections by fast-tracking pragmatic as well as result-oriented programmes and campaigns with a preliminary focus on Energy, Clean Energy and also Environment Activity, Transportation & Logistics, Manufacturing, Technology, and bilateral Investments.
The Council represents a step modification in the strategy to identifying and providing strategic joint programs and financial investments as well as will certainly work as a concrete outlet to broaden the already dynamic economic teamwork that exists in between the two nations’ company areas.
The facility of the Council accompanies a very important year for the UAE, the “Year of Sustainability” as well as the year that UAE organizes the COP28, one of the most critical environment meeting given that the Paris Agreement.
The work of the Council will certainly synergise the efforts of both sides towards supplying impactful joint jobs as well as campaigns that would certainly sustain the drive to provide transformational development at the COP28 on environment activity across all four pillars yet with a concentrate on Reduction, Adjustment, Financing, as well as Loss & Damages.
The Council highlighted the relevance of engaging the private sectors from both nations and also pledged to improve existing model economic teamwork between French as well as Emirati firms, such as the one in between Strata as well as Airplane and promote it in all fields. Hereof, it was recalled that both nations are taking pleasure in numerous investment opportunities in crucial critical industries in the structure of France 2030 as well as Make it in the Emirates.
The UAE already hosts the biggest variety of French facilities between East, with around 600 subsidiaries employing more than 30,000 individuals. Reciprocally, the UAE is the second-largest investor from the Arabian Gulf in France.
The High-Level Service Council established three functioning teams devoted to Powers and also Climate (I), Transportation as well as Logistics (II), and Investments (III).
Each working team, collecting 10 French and also Emirati firms, consisting of SMEs as well as start-ups, will interact to recognize concrete joint jobs and efforts of common interest and also advise implementation roadmaps with an instant concentrate on those resolving energy protection, reinforcing supply chains, and climate activity when traveling to COP28 in the UAE.
The working group committed to energies and Climate has currently caused a first interaction on methane discharges decrease between TotalEnergies and ADNOC: the two business are jointly dedicated to advertising ambitious activity across the whole worth chain, on a worldwide scale, to eliminate methane exhausts in the oil & gas market and also to mobilising all principals in the field in order to make significant progress in advance of COP28.
Last Updated: 31 January 2023
