Abu Dhabi, Saxony State sign MoU on partnership and development

Abu Dhabi's Executive Affairs Authority and the German Free State of Saxony have entered into a Memorandum of Understanding (MOU) acknowledging their mutual economic interests and committing to establish new opportunities to exchange expertise and share knowledge.
The MoU recognises the strategic importance of the close cooperation between Abu Dhabi and Saxony in the areas of science and technology, with special emphasis placed on the field of microelectronics.
The deal was signed by Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority and Dr. Johannes Beermann, Chief of the State Chancellery and Minister of State for Federal Affairs, Saxony. Present at the signing were Ibrahim Ajami, CEO of Advanced Technology Investment Company (ATIC) and His Excellency Klaus-Peter Brandes, Ambassador of the Federal Republic of Germany to the UAE.
Abu Dhabi and Saxony have a strong history of working together in this field. ATIC has invested over US$1 billion in one of the world's most sophisticated semiconductor manufacturing facilities, "Fab 1," operated in Dresden by ATIC's GLOBALFOUNDRIES. Fab 1 manufactures 300-mm wafers that are the technology backbone for millions of computers, mobile phones and other devices.
Last summer, Abu Dhabi sent 20 students to work in the GLOBALFOUNDRIES Dresden plant. Next month, 60 students from the Emirate will travel to Dresden to participate in the seven-week "Al Nokhba Internship at GLOBALFOUNDRIES." "This agreement marks a further development in the growing relationship between Saxony and Abu Dhabi. Encouraging the exchange of knowledge in the fields of science and technology can only add to the development of expertise required for the future development of the advanced technology sector in Abu Dhabi," said Al Mubarak. – Emirates News Agency, WAM