UAE’s Ministry of Industry and Advanced Technology (MoIAT) today signed a Memorandum of Understanding (MoU) with the Federal Ministry of Finance of the Republic of Austria for a comprehensive collaboration in the hydrogen technology industry.

The partnership reaffirmed their commitment to expanding bilateral relations and launching a new era of cooperation to drive growth in their respective countries, especially in priority sectors such as the energy sector.

The objective of the UAE-Austria collaboration in the hydrogen technology industry is to build a long-term, reliable, and mutually beneficial partnership for shared and common goals. The collaboration will comprise a permanent framework for collaboration and exchange across the entire hydrogen ecosystem, including production, storage, conversion, transport, trade, re-conversion, utilisation of clean hydrogen, as well as manufacturing and services along the value chain, and joint research and development activities.