UAE Minister of State for Entrepreneurship oversees the signing of Ghafa Sustainability and Atsuya Technologies’ MoU
ABU DHABI, UAE, 29 July 2024: H.E. Alia bint Abdulla Al Mazrouei, the UAE Minister of State for Entrepreneurship, witnessed the signing of a memorandum of understanding (MoU) between Ghafa Sustainability and Energy Solutions LLC and Atsuya Technologies Pvt Ltd, an Indian sustainability solutions company. Making the announcement through a Press Release, the Ministry of Economy said the partnership will help foster innovation and cooperation in the areas of energy optimisation and water consumption, as well as enhancing energy efficiency.
According to the Ministry, the signing took place on the sidelines of the Investopia Global talks, held on July 24, in Chennai, Tamil Nadu, India, in collaboration with the Government of Tamil Nadu and the Confederation of Indian Industry (CII).
According to the Ministry, H.E. 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 localisation of innovation, entrepreneurship, and technology across various sectors and activities, in line with the objectives of ‘We the UAE 2031’ vision. Through Investopia, we are committed to supporting these efforts by encouraging business communities to form valuable partnerships in new and sustainable economic sectors. Additionally, our aim is to facilitate the growth of businesses in technology-driven fields, innovation, entrepreneurship and Fourth Industrial Revolution technologies.
“The new partnership between Ghafa Sustainability and Atsuya aims to contribute to the UAE’s vision of transitioning to a knowledge-driven economy and fostering an ecosystem conducive to entrepreneurship, innovation, research and development. This strategic partnership centres on the creation of innovative businesses and new solutions that harness cutting-edge technologies, thus solidifying the UAE’s status as a global hub for entrepreneurship, innovative businesses and startups. Moreover, this agreement will bolster the future prospects for the sustainable energy field in the country and reinforce its leadership in this vital sector at both regional and international levels.”
Rashed Aldhaheri, CEO, Ghafa Sustainability & Energy Solutions, said, “We are excited to partner with Atsuya Technologies to bring advanced IoT- and AI-powered sustainability solutions to the UAE. This collaboration aligns with our commitment to drive sustainable development and energy efficiency across the region.”
Rahul Ganapathy, CEO, Atsuya Technologies, said, “Our partnership with Ghafa Sustainability & Energy Solutions represents a significant 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 Ministry said the MoU aims to develop IoT- and AI-powered solutions to enhance energy efficiency and sustainability. This partnership, the Ministry said, leverages Atsuya’s technological proficiency and Ghafa’s energy field experience.