ABU DHABI — The United Arab Emirates, the United States, and Israel have underscored the importance of establishing a joint strategic vision for energy partnership.

Recognizing that energy collaboration can be a step toward a more stable, integrated, and prosperous Middle East, energy ministers of the UAE, US and Israel have agreed to the following joint statement supporting the development of a strategic vision for an energy partnership that drives innovation and prosperity:

"The United Arab Emirates, the United State, and Israel, acknowledging the benefits of focusing on pragmatic steps that have tangible outcomes, agree to encourage greater coordination in the energy sector, including renewable energy, energy efficiency, oil, natural gas resources and related technologies, and water desalination technologies," the UAE's state news agency WAM reported quoting the statement.

"Together, our dynamic economies will look to leverage world-leading research and development capacities to meet the needs of current and future generations. We will also seek to find solutions to the energy challenges faced by the Palestinian people through the development of energy resources, technologies, and related infrastructure."

"To maximize the global benefits of cooperation, the UAE, the US, and Israel are committed to exploring collective activities in multilateral settings in coordination with financial institutions and the private sector to enhance international investment in research and development and the rapid adoption of new energy technologies," the statement added. — WAM