The Ministry of Energy and Al Ain Insurance sign a Memorandum of Understanding
Tuesday, April 25, 2017
The Ministry of Energy have signed a memorandum of understanding (MoU) with Al Ain Al Ahlia Insurance Company to provide comprehensive insurance for electric vehicles to motivate members of the community to use green transportation.
The signing of the MoU comes within the framework of the initiatives of the Ministry of Energy to achieve sustainable development and encourage the use of environmentally friendly vehicles, sustaining this way the resources for the future generations.
For his part, H.E Dr. Matar Al Nayadi, Undersecretary of the Ministry of Energy said that this memorandum of understanding comes within the framework of the integration between the public and private sectors, promoting the cooperation in smart and environmentally friendly initiatives. The Ministry of Energy, in cooperation with the Council of Ministers of the UAE, has developed a number of initiatives, first of which is the comprehensive insurance initiative for owners of electric vehicles.
"The signing of the MoU comes as part of the company's work and as a part of its responsibility towards community and environment”, said Mohammad Mazhar Hamadah, the Director of Al Ain Al Ahlia Insurance Company. He stressed also the UAE's readiness to the quick development that the world witnesses in this sector by allocating electric power stations.