UK’s trade and development body for the underwater industry Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA), a membership organization of companies in the Australian subsea industry, have signed a memorandum of understanding (MoU) to foster innovation, collaboration and growth among companies and organizations in the subsea sector in the two countries.
The partners aim to promote opportunities for the subsea supply chains in both the UK and Australia, support each other’s members in entering their respective markets, as well as share market intelligence and learnings around diversification strategies, particularly in energy transition and defence, including the security and protection of critical underwater infrastructure.