India’s Modi in Abu Dhabi to witness signing of wide range of agreements with UAE
The UAE and India have agreed to a wide range of programmes including on energy,
transport and financial markets, that will see the two nations strengthen their strategic co-operation on regional and international issues, to coincide with Narendra Modi’s arrival in the Emirates on Saturday.
The Indian Prime Minister and Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, witnessed the signing of an agreement and four memorandums of understanding. It had been expected that agreements in the fields of energy, defence and education would be part of the visit of the Indian prime minister, as well as furthering trade and investment between the two countries.
An agreement was signed by the Abu Dhabi National Oil Company to give a consortium of Indian companies a stake in one of the emirate’s offshore oil concessions.
Sheikh Mohammed said that the concession deal “reflects the maturity of the long-standing strategic relationship between the UAE and India, and will underpin opportunities for growth, as the two countries deepen commercial ties”.
It was also agreed to implement a previously announced strategic oil storage deal and the UAE and India also entered into an MoU on manpower co-operation as well agreeing to collaborate in the field of transport. MoUs were also signed for exploring opportunities in finance and trade and capital markets.
On the agreements signed, Mr Modi said “we had extensive deliberations on boosting India-UAE cooperation and how this can benefit our nations as well as the whole world.”
The two leaders discussed areas of co-operation and regional and international issues. Sheikh Mohammed said that the UAE and India are “two major forces of stability and development in the region and the world and that both countries play an important role in bringing about peace and in confronting extremism, terrorism and violence”, according to Wam.
He highlighted the inspiring approach of both UAE founder Sheikh Zayed and India’s Mahatma Ghandi.
“The world is in dire need, today more than ever, to revive the values embraced and lived by those two leaders, especially in light of the ongoing conflicts, wars and the spread of extremism, fanaticism and hate dogmas,” Sheikh Mohammed said.
Mr Modi stressed his country’s keenness on boosting friendly ties and strategic cooperation in different areas with the UAE.
He was in Abu Dhabi on Saturday as part of a two-day state visit to the UAE that will also include an address at the World Government Summit in Dubai on Sunday.