The United Arab Emirates (UAE) and Italy have signed three Memoranda of Understanding (MoUs) to strengthen investment cooperation in pharmaceuticals, minerals, and artificial intelligence (AI). The agreements aim to foster innovation, enhance knowledge transfer, and integrate advanced technology across key industries in both countries.
The MoUs were signed by Mohamed Hassan Alsuwaidi, UAE Minister of Investment, and Adolfo Urso, Italy’s Minister of Enterprises and Made in Italy. The agreements build on decades of economic collaboration, following the 1984 Economic, Industrial, Technological, and Financial Cooperation Agreement and the 1995 Investment Promotion and Protection Agreement between the two nations.
The first MoU focuses on strengthening UAE-Italy collaboration in the pharmaceutical and biotechnology sectors. The agreement will facilitate technology transfer, vaccine production, and regulatory policy development to improve human and animal health. Additionally, it emphasizes research and development in oncology, immunology, and rare diseases, with the goal of commercializing innovative medicines for broader markets.
AI will play a crucial role in optimizing pharmaceutical research, automating manufacturing processes, and enhancing market strategies. Both countries will work with leading pharmaceutical companies and AI firms to accelerate innovation in drug development and patient care.
The UAE and Italy have also signed a five-year MoU to promote sustainable mining practices, mineral exploration, and responsible resource management. The agreement, which includes Italy’s Ministry of Environment and Energy Security, aims to strengthen the mineral supply chain through investment and economic partnerships.
The collaboration will focus on workforce development, capacity building, and establishing monitoring systems to ensure responsible governance in the mineral sector. This initiative aligns with both countries’ efforts to promote sustainability in industrial resource management.
The third MoU centers on AI and data infrastructure investments, with a particular focus on expanding data centers and cloud computing capabilities. The UAE and Italy will work together to develop green data centers with a projected future capacity of up to 2 gigawatts. The initiative also includes the creation of “Virtual Data Embassies” to enhance cross-border data resilience and security.
Leading companies such as MGX, G42, Khazna, and ENI will spearhead these developments, fostering innovation in AI, high-performance computing, and digital education. Both governments will support knowledge-sharing initiatives, including scholarship programs, expert exchanges, and educational workshops in AI and cloud technologies.
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If you’re concerned or have questions about how to navigate the UAE, Italian, or the global AI regulatory landscape, don’t hesitate to reach out to BABL AI. Their Audit Experts can offer valuable insight and ensure you’re informed and compliant.
