The United Arab Emirates (UAE) and Albania have inked a key framework agreement, paving the way for advancing sustainable energy solutions. The signing was held in Tirana, Albania, in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, and His Excellency Edi Rama, Albanian Prime Minister. This pact, part of the Tripartite Initiative, intends to stimulate energy transition in the Mediterranean.
Key representatives from many entities attended the signing event. The signatories included His Excellency Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, Jasim Husain Thabet, Group CEO and Managing Director of TAQA, Erald Elezi, CEO of Korporata Elektroenergjitike Shqiptare (KESH), and Elisian Bici, CEO of OST sh.a.
This arrangement expands on an earlier three-way relationship between the UAE, Albania, and Italy, which was announced during an Abu Dhabi sustainability event. The alliance focuses on renewable energy, infrastructure development, and common environmental objectives.
Masdar, TAQA, KESH, and OST will collaborate to assess and implement energy transition options across the Mediterranean. This program reaffirms the UAE’s objective of global energy leadership and emphasises the value of international collaboration in attaining energy security and sustainability.
