The UAE and Ireland have formalized their commitment to enhance economic and technical cooperation by signing a memorandum of understanding. This agreement, which aims to establish a Joint Economic Commission, is part of broader efforts to deepen bilateral ties and foster private sector engagement.

The MoU was signed by Dr. Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, and Niamh Smyth, Ireland’s Minister for Trade Promotion, AI and Digital Transformation. The agreement focuses on collaboration in various sectors, including trade and investment, energy efficiency, renewable energy, infrastructure, the digital and green economy, supply chain resilience, food security, and healthcare technology.

Key aspects of the MoU emphasize the development and diversification of economic and technical cooperation based on mutual benefit and equality. The Joint Economic Committee will facilitate the exchange of information on economic developments, promote business delegation visits, and work towards creating a favorable investment climate for both nations.

Dr. Thani Al Zeyoudi expressed that the relationship between the UAE and Ireland is founded on mutual respect and shared ambition. He stated that the signing of the MoU reflects their commitment to enhancing bilateral relations and tapping into the significant potential that exists between the two countries.

Niamh Smyth highlighted that the signing coincides with the 50th anniversary of diplomatic relations between the UAE and Ireland. She noted that the Joint Economic Commission will provide a new forum for collaboration in sectors such as trade and investment, aviation, education and research, renewable energy, and healthcare. Smyth praised the efforts of various Irish state agencies in promoting Ireland within the UAE, indicating that these collective efforts have significantly advanced the bilateral relationship.

The UAE-Ireland partnership is characterized by shared values and a dedication to innovation and technology-driven growth. Non-oil trade between the two countries reached $1.1 billion in 2024, an increase from $694 million in 2019, showcasing the potential for further growth.

With over 1 000 Irish trademarks registered in the UAE, including well-known companies like Stripe and Kentech Group, the economic ties continue to grow stronger. Previous partnerships, such as the MoU between Dubai’s Roads and Transport Authority and Enterprise Ireland, demonstrate the increasing momentum behind trade and connectivity.

The newly established Joint Economic Committee is expected to play a crucial role in developing initiatives and programs that will further deepen the bilateral relationship and promote sustainable economic development.