File photo of UAE’s Gafa Sustainability and India’s Atuya Technologies signing a memorandum of understanding to boost energy efficiency and sustainability
Her Excellency Alia bint Abdullah Al Mazrouei, UAE Minister of State for Entrepreneurship, witnessed the signing of a Memorandum of Understanding (MoU) between Ghafa Sustainability and Energy Solutions LLC and Indian sustainability solutions company Atuya Technologies Pvt Ltd. The strategic partnership aims to foster innovation and collaboration in energy optimization and water consumption, enhancing energy efficiency in both regions.
The signing ceremony took place on the sidelines of the Investopia Global Conference held recently in Chennai, Tamil Nadu, India. The event, organized by the Government of Tamil Nadu in collaboration with the Confederation of Indian Industry (CII), was attended by over 300 participants, including leaders, investors, entrepreneurs, economic experts and representatives from prominent private sector companies from the UAE and India.
Alia Al Mazrouei said: “The UAE’s strategic vision to establish itself as a global hub for the new economy by the next decade hinges on the localization of innovation, entrepreneurship and technology across various sectors and activities, in line with the goals of the ‘We UAE 2031’ vision. Through Investopia, we are committed to supporting these efforts by encouraging the business community to form valuable partnerships in new and sustainable economic sectors. Furthermore, our goal is to foster the growth of companies in technology-driven sectors, innovation, entrepreneurship and Fourth Industrial Revolution technologies.”
She further stressed that the partnership between Ghafa Sustainability and Atsuya Technologies is in line with the UAE’s vision of transitioning to a knowledge-driven economy. “This strategic partnership will focus on creating new solutions leveraging innovative businesses and cutting-edge technologies, cementing the UAE’s position as a global hub for entrepreneurship, innovative businesses and start-ups. Furthermore, the agreement will strengthen the future prospects of the country’s sustainable energy sector and consolidate its leadership in this vital sector at both the regional and international levels,” she added.
Rashed Aldhaheri, CEO of Ghafa Sustainability & Energy Solutions LLC, expressed his enthusiasm about the partnership: “We are pleased to partner with Atsuya Technologies to bring advanced IoT and AI-powered sustainability solutions to the UAE. This collaboration is in line with our efforts to drive sustainable development and energy efficiency across the region.”
Rahul Ganapathy, CEO, Atsuya Technologies Pvt Ltd, echoed this sentiment: “Our partnership with Ghafa Sustainability & Energy Solutions marks a major step forward in our mission to provide innovative sustainability solutions. We look forward to working together to create impactful projects that contribute to a greener and more sustainable future.”
The MoU will leverage Atsuya’s technical expertise and Ghafa’s deep experience in the energy sector to facilitate the development of IoT and AI-powered solutions aimed at improving energy efficiency and promoting sustainability.
The agreement underscores the UAE’s commitment to strengthening collaboration and building partnerships with global companies in key economic sectors, and aims to enable companies, entrepreneurs and SMEs from around the world to leverage the support offered by the UAE’s business ecosystem to create impactful ventures. This initiative will strengthen the UAE’s position as a leading global business hub and a top destination for new economy companies.
Key areas covered under the MoU include sustainable energy technologies, research and development, energy efficiency, capacity building, knowledge sharing to promote sustainable best practices, and energy monitoring and regulation.
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