They signed a cooperation agreement to provide "clean electricity"
Dubai International Chamber brings together two renewable energy companies from the UAE and Uzbekistan
During the signing of the agreement between Imperial Robbie and Solar Nature. From the source
Dubai International Chamber (DCC), one of the three chambers operating under the umbrella of Dubai Chambers, said that it has succeeded in bringing together UAE-based Imperial Ruby Energy and Innovation Company and Uzbekistan's Solar Nature, as the two parties signed yesterday at Dubai Chambers' headquarters a memorandum of understanding to cooperate in the completion of solar photovoltaic and solar thermal projects in Uzbekistan and the Middle East.
In a statement, the chamber noted that this is the first fruit and outcome of the foreign mission to Central Asia.
Imperial Ruby Energy & Innovations participated in the Dubai International Chamber trade mission as part of the 'New Horizons for Overseas Expansion' initiative to Central Asia in March.
The mission aimed to support the expansion of Dubai companies to selected markets in Central Asia, and to promote Dubai as a thriving global investment hub among companies in that region, particularly in Uzbekistan, Kazakhstan and Kyrgyzstan.
Under the agreement, the two companies will collaborate in designing and providing medium to large-sized solar energy solutions to generate clean electricity, and utilize solar energy to recycle and desalinate water.
The two parties are committed to making the necessary investments and focusing their efforts to increase the volume of their cooperation to more than $100 million over five years.
The collaboration between the two companies aims to provide unique designs and technology solutions for the renewable energy market, and to develop plans to overcome the challenges facing the energy transition in the respective markets.
Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, said: "This MoU is very important as it supports the UAE's efforts in preparing for COP28, and enhances its ambitions in the field of renewable energy and sustainability, and this cooperation is a reflection of our commitment and strategic approach in supporting private sector projects that focus on enabling the transformation of the energy sector in support of the objectives of the country's climate neutrality strategy."