His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, has overseen the signing of a significant mineral exploration MoU between the UAE Ministry of Investment and Brazil’s Ministry of Mines and Energy. His Highness reiterated the UAE’s dedication to strengthening strategic ties, particularly in the areas of energy and mining.
This agreement signing took place during a meeting between H.H. Sheikh Khaled and His Excellency Alexandre Silveira, minister of Mines and Energy for the Federative Republic of Brazil, Abu Dhabi Media Office reported.
Enhancing bilateral cooperation through the UAE Brazil mineral exploration MoU
The UAE Brazil mineral exploration MoU builds on the outcomes of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s official visit to Brazil last November. During that visit, His Highness engaged with His Excellency President Luiz Inácio Lula da Silva to discuss ways to enhance bilateral cooperation in areas of mutual interest, with a particular focus on clean energy, mineral exploration, and the development of sustainable investments. The agreement is designed to support joint investments in mineral exploration, development, processing, and marketing, while also addressing key areas such as advanced technology, research and development, and workforce education and training in technical fields.
Economic relations and strategic partnerships in mineral exploration
In the course of the meeting, discussions centered around enhancing economic relations between the two amicable nations, especially in critical sectors like energy and mineral exploration. The meeting further explored opportunities to expand strategic partnerships and boost the exchange of expertise and modern technologies, aiming to support comprehensive development and economic prosperity in both countries.
Commitment to sustainable development and innovation
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan reaffirmed the UAE’s commitment to fortifying its strategic relations with Brazil, particularly in the energy and mining sectors. His Highness emphasized the importance of exchanging expertise and promoting collaborative projects that encourage sustainability and innovation in these essential sectors, thereby providing mutual benefits to both countries and advancing their shared objectives for sustainable and inclusive development.
Strong bilateral partnership highlighted by UAE Minister of Investment
His Excellency Mohamed Hassan Alsuwaidi, UAE minister of Investment, stated: “Our collaboration with Brazil highlights the strength of our bilateral partnership and our shared commitment to fostering sustainable economic growth. This latest MoU is a milestone in enhancing cooperation in the mining sector, supporting the energy transition, and ensuring world-class economic, social, and governance practices. It exemplifies the UAE’s dedication to driving impactful, forward-looking partnerships that deliver mutual benefits while addressing global priorities. We are confident that this agreement will facilitate closer relationships between the UAE and Brazil in both the private and public sectors that will benefit both nations for years to come.”
Shared vision for advancing energy transition
Alexandre Silveira, Brazil’s minister of Mines and Energy, remarked: “Brazil is proud to strengthen its partnership with the UAE, reflecting our shared vision for advancing the energy transition. In an increasingly interconnected world, such robust international collaborations are essential to ensure responsible resource management while promoting economic growth. I am confident that this collaboration will deliver meaningful outcomes, driving progress and prosperity for both nations.”
Key attendees of the meeting
The meeting was attended by Her Excellency Reem Al Hashimy, UAE minister of State for International Cooperation; His Excellency Suhail Mohamed Al Mazrouei, UAE minister of Energy and Infrastructure; His Excellency Mohamed Hassan Alsuwaidi, UAE minister of Investment; His Excellency Khaldoon Khalifa Al Mubarak, chairman of the Executive Affairs Authority; His Excellency Saif Saeed Ghobash, secretary general of the Abu Dhabi Executive Council; His Excellency Saleh Ahmad Salem Alsuwaidi, ambassador of the UAE to Brazil; and Waleed Al Mokarrab Al Muhairi, deputy group CEO at Mubadala.
Alignment with previous agreements and future goals
This meeting aligns with the objectives of the official visit conducted by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Brazil in November, during which His Highness had discussions with President Luiz Inácio Lula da Silva. That visit saw the signing of bilateral agreements across several vital sectors aimed at enhancing investments and driving cooperation in areas of shared interest.
Economic ties strengthened by the UAE Brazil mineral exploration MoU
The economic relations between the UAE and Brazil are characterized by a high level of mutual investments and significant trade flows. The UAE stands as Brazil’s second-largest trade partner in the Middle East, with bilateral non-oil trade exceeding $2.64 billion in the first half of 2024. This reinforces the importance of the UAE Brazil mineral exploration MoU in furthering economic ties between the two nations.
