Bulgaria’s President Rumen Radev and the President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan signed a Memorandum of Strategic Partnership. President Radev is paying an official visit to Abu Dhabi.
The agreement aims to encourage investment exchange, cooperation in a number of fields and exchange between the government and the private sector, and the academia.
Bulgaria and the UAE have signed memorandums of understanding in the fields of tourism, agriculture, education, culture, as well as on information exchange between the Bulgarian News Agency (BTA) and the Emirates News Agency (WAM).
The Bulgarian Head of State also pointed out that within the framework of his visit to Abu Dhabi, opportunities for energy diversification, import of natural gas and oil from the UAE were discussed, but this does not exhaust the potential of the bilateral partnership in the energy sector and Bulgaria should have higher goals. We need to get out of the paradigm that we are a country that transfers foreign gas to other countries. Bulgaria also has the technology and scientific potential, natural resources and industrial base to produce in huge quantities the fuel of the future - green hydrogen, and to export it, Rumen Radev added. The Bulgarian delegation also includes representatives of the business and scientific circles working in the field of green hydrogen production.
Our country can be not only a good economic partner, but also a serious factor in building stronger ties between the Gulf States and the European Union, Rumen Radev said. In his words, Bulgaria can contribute to the sustainable cooperation between Europe and the Arab countries, thanks not only to its strategic geographical position, but also because of the accumulated political, economic and scientific potential.