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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

France, UAE Sign Energy Cooperation Deal

France's Defense Minister Sebastien Lecornu (L) welcomes United Arab Emirates' UAE President Sheikh Mohamed bin Zayed al-Nahyan (C), during a welcome ceremony at the Invalides monument in Paris, France, 18 July 2022. (EPA)

The governments of France and the United Arab Emirates signed on Monday a strategic agreement to cooperate in the energy sector, the French government said.

The partnership aimed to identify joint investment projects in France, the UAE or elsewhere in the sectors of hydrogen, renewable and nuclear energy, the French government said in a statement.

"In the currently uncertain energy context, this agreement will pave the way for a stable long-term framework for cooperation, opening the way for new industrial contracts," it added.

The deal coincides with the visit to Paris of UAE President Sheikh Mohamed bin Zayed al-Nahyan between July 17-19, his first overseas state visit since taking over from his half-brother in May.

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