Wael Badran (Abu Dhabi)
Amos Hochstein, the US Presidential Special Coordinator for Infrastructure and Global Energy Security, stressed that the agreement signed between the UAE and the US to invest $ 100 billion to carry out clean energy projects with a production capacity of 100 gigawatts, confirms the depth of bilateral relations between the two countries and their significant growth, underlining that the two countries share them, unique and exclusive ties.
He explained during a press conference attended by the Union that the agreement, which aims to improve energy security, spread applications of clean technologies and support climate action, provides for an investment of 100 billion dollars in United Arab Emirates, the United States and middle-income countries, stressing that the African continent will certainly benefit from these efforts and Emirati-American initiatives.
“As the two countries cooperate to spread peace, they are also trying to jointly take a leading role in the transition to green energy, which is the de facto economic engine of the future,” said Hochstein, answering a question for ” the Union. “
After signing the deal last week in Abu Dhabi, Hochstein stressed that the close strategic alliance between the UAE and the US will help support the transition process in the global energy sector and build a more sustainable future, noting that this partnership confirms the commitment of the two friendly countries to urgently tackle the climate crisis. Huge investments will be made in new clean energy technologies in the two countries, the world and emerging economies, and this partnership will provide a secure and reliable global energy system capable of providing the world with clean energy for future generations.
Meanwhile, Hochstein, during the briefing in which the “Union” participated, referred to the willingness of the US administration to reduce the global infrastructure gap between developed and developing countries, and between high, middle and high countries. low income.
He said there is an American desire to ensure cooperation between governments around the world, multilateral development banks, financial institutions, and the public and private sector, to ensure the flow of funds for projects on an equal basis throughout the world.
Hochstein attributed the reason for this desire to the fact that achieving this would constitute an economic victory for both emerging and advanced economies, pointing to the American initiative for the Global Partnership for Infrastructure and Investment, and said the initiative it would be commercial and bankable, not subsidies or aid.
She noted the will to achieve gender equality, provide opportunities for women in the workplace and provide better living conditions for men and women, especially in Africa, stressing that it is not just about jobs related to electricity, water and road systems, but rather to the people who work in these projects, in order to illuminate their homes, their children can attend equipped schools and have opportunities for growth.
He explained that the only way to bridge the global gap in infrastructure and energy is to direct funds from the public and private sectors into bankable projects that invest in people as well as the projects themselves.
He stressed that these projects will focus on linking projects in developing countries with global markets, through new roads, railways and ports, which provide a gateway to the global economy, and a more accessible supply chain.
