Money and business

The UAE and Korea are discussing expanding strategic cooperation in the energy sectors and advanced technologies

Abu Dhabi, June 22 / WAM / The UAE and the sisterly Republic of Korea discussed ways to enhance strategic cooperation in the sectors of energy, nuclear energy, renewable energy, artificial intelligence and advanced technologies, during a meeting between His Excellency Engineer Sherif Al Olama, Undersecretary of the Ministry of Energy and Infrastructure for Energy and Petroleum Affairs, with His Excellency Jong Kwan Kim, Minister of Trade, Industry and Resources of the Republic of Korea.

During the meeting held at the Ministry’s headquarters in Abu Dhabi, the two sides stressed the strength of the special strategic partnership that brings together the two countries, praising the Barakah Nuclear Energy Plant as one of the most prominent models of successful international cooperation in the peaceful nuclear energy sector, and the achievements it has achieved that have enhanced energy security and supported the process of sustainable development.

The two parties discussed opportunities to build on the success of the Barakah project, by exploring new areas of cooperation that include advanced nuclear technologies and small modular nuclear reactors, thus enhancing the global position of the two countries in the nuclear energy sector.

The meeting discussed the future of global energy security and the importance of building flexible and diversified energy systems capable of keeping pace with rapid changes, in addition to discussing opportunities to expand cooperation in the fields of oil, gas, refining, petrochemicals, liquefied natural gas, and energy infrastructure.

His Excellency Engineer Sherif Al Olama reviewed the UAE’s goals in the energy sector, most notably raising the production capacity of renewable energy to 22 gigawatts by 2031, in addition to energy storage projects with batteries, and the importance of adopting a balanced energy mix that combines renewable, nuclear and traditional energy sources to enhance energy security and sustainability.

The two sides discussed the growing role of artificial intelligence in developing the energy sector, especially in the areas of data centers and energy efficiency. The ministry reviewed its efforts to enhance the sustainability of data centers by applying energy efficiency standards, employing smart cooling solutions supported by artificial intelligence, and developing planning tools that support future digital infrastructure.

The meeting touched on the UAE’s efforts to lead international cooperation in the field of energy efficiency through the Global Energy Efficiency Alliance (GEEA), which was launched by the country with the aim of enhancing knowledge exchange and developing policies and joint projects between governments, the private sector and financial institutions.

His Excellency Engineer Sherif Al Olama said that the UAE and the Republic of Korea share a solid strategic partnership based on trust, innovation and a shared vision for the future, and the success of the Barakah Nuclear Power Plant is a global model of what long-term partnerships can achieve, looking forward to expanding the horizons of cooperation in the fields of nuclear energy, renewable energy, artificial intelligence, energy efficiency and advanced technologies, in a way that supports global energy security and stimulates sustainable economic growth.

For his part, His Excellency Jong Kwan Kim expressed his appreciation for the depth of bilateral relations between the two countries, stressing the Republic of Korea’s keenness to continue strengthening cooperation with the UAE in various strategic sectors, and to build on the joint successes achieved by the two sides over the past years.

At the conclusion of the meeting, the two sides agreed to continue joint coordination and explore new opportunities for cooperation within the framework of the special strategic partnership between the UAE and the Republic of Korea, in a way that supports innovation and sustainability and enhances the economic prosperity of the two countries.

Related Articles

Back to top button