Italy, Albania and the United Arab Emirates (UAE) signed on Wednesday a deal worth at least 1 billion euros ($1 billion) to build a subsea interconnection to import renewable energy across the Adriatic Sea.

The UAE, Italy and Albania signed on Wednesday a deal worth at least 1 billion euros ($1 billion) to build a subsea interconnection for renewable energy across the Adriatic Sea."We strongly believe in this project involving our three governments,

In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan; Giorgia Meloni, Prime Minister of Italy; and Edi Rama, Prime Minister of Albania, the UAE, Italy, and Albania have signed a tripartite partnership to enhance cooperation in renewable energy and energy infrastructure.