Economy Country October 22, 2024

UAE and Rajasthan Explore Renewable Energy Investment

The United Arab Emirates has signed an investment memorandum with India's Rajasthan state to explore the development of a 60 GW renewable energy project.


UAE and Rajasthan Explore Renewable Energy Investment

For the development of a renewable energy project with a capacity of 60 gigawatts in the Indian state of Rajasthan, OABD has signed an investment agreement with this region.

The partnership agreement was signed during a meeting of the virtual forum in the presence of representatives from both sides. The General Director of the Investment Promotion and Protection Service of OABD emphasized the importance of cooperation between both sides in the field of energy and renewable energy sources.

He also noted that this agreement will serve as a starting point for joint work and the development of projects in the energy sector, contributing to growth and sustainable development of both countries.