UAE, UK agree to establish new, ambitious 'Partnership for the Future'

products also have potential implications for hydrogen-powered automobiles and charging stations. In August, Hanwha Cimarron signed a

from Texas-based Sunbelt Services for storage tanks for compressed natural gas. “Hanwha Cimmaron will find the skilled workforce and the support it needs to build a high-performance operation in Opelika,” said Greg Canfield, Secretary of the Alabama Department of Commerce. “Working together, I know that we will be able to find all the ingredients that will allow the company’s new manufacturing facility to thrive and grow in the future,” he added.

LONDON, 16th September, 2021 - The United Arab Emirates and the United Kingdom have issued a joint communiqué on the visit to London of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Following is the statement: "His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met United Kingdom Prime Minister the Rt Hon Boris Johnson MP in London on 16 September. The leaders agreed to establish a new, ambitious Partnership for the Future that will strengthen the historic relations that the two countries share. The new partnership will build on this history, and ensure that the UAE and UK are able to work closely together to promote prosperity and security, tackle climate change, and expand the exchange of knowledge, skills and ideas. The meeting was attended by UAE and UK ministerial representatives, ambassadors and officials from both countries. 1. United Arab Emirates - United Kingdom: "Partnership for the Future". 1.1 The Prime Minister congratulated the United Arab Emirates on the fiftieth anniversary of its founding. Both leaders welcomed the progress that bilateral relations have made during this time and underlined their high ambition for the future of the relationship. The UAE and the UK are committed to tackling global issues together. In recognition of the opportunity created by the depth of the strategic relationship between the two nations, both leaders agreed to establish a Partnership for the Future expanding the breadth and depth of the bilateral relationship. 1.2 This Partnership will consist of two central pillars: the creation of sustainable prosperity and addressing global issues. The leaders agreed to create new trade, investment, and innovation dynamics, and to strengthen collaboration in areas including life sciences, energy innovation, regional issues, illicit finance, education, security, development, culture, climate, and health and food security. 1.3 The UAE Minister of Foreign Affairs and International Cooperation and the Secretary of State for Foreign, Commonwealth and Development Affairs will co-chair an annual Strategic Dialogue to review the global issues pillar and to working closely together during the UAE’s term at the UN Security Council for the period of 2022-23. Sustainable Prosperity. 2. Trade, Investment, and Energy. 2.1 The United Arab Emirates and the United Kingdom share an important trade and investment relationship, with total trade of ₤18.6bn in 2019, and two-way investment of ₤13.4bn in 2019, promoting innovation, jobs and economic development. The leaders discussed the opportunities for economic cooperation presented by new and developing sectors including technology, education, healthcare and life sciences, and clean and renewable energy. 2.2 The leaders welcomed the recent steps to increase investment flows between both countries. Abu Dhabi’s Mubadala Investment Company and the United Kingdom’s Office for Investment signed the Sovereign Investment Partnership (SIP). This long-term strategic agreement will serve to drive the investment relationship between the two countries. Over a five-year period, the Sovereign Investment Partnership (SIP) will invest across four key innovation-led sectors -- technology, infrastructure, healthcare, and life sciences, and clean and renewable energy -- that will support job creation in both countries, strengthen national research and development capabilities and originate new areas of investment collaboration. 2.3 The leaders welcomed the March announcement that saw Mubadala commit ₤800m to United Kingdom life sciences, alongside the United Kingdom Government’s ₤200m Life Sciences Investment Programme. the leaders announced the UAE’s investment commitment to the UAEUK SIP – ₤10bn over the next five years in: energy transition, technology and infrastructure. The leaders welcomed also the ongoing assistance from the British Business Bank. Moreover, they discussed a number of ongoing projects under the SIP framework, with plans to announce further investments in due course. 2.4 In the energy sector, the leaders agreed to step up ties in the energy transition and decarbonisation, with a particular focus on renewables and new forms of energy through three new agreements: a trilateral collaboration between Abu Dhabi National Oil Company (ADNOC), Masdar and BP; an agreement between ADNOC and BP on co-development of Carbon Capture, Usage and Storage; and a forward-looking partnership between Masdar and BP to develop, build and