The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has recently signed agreements with several prominent national entities in an effort to promote private sector growth in the Emirate of Abu Dhabi. These agreements were made during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023, the largest event in the energy and oil sector worldwide.
One of the agreements was signed between the Abu Dhabi Chamber and Etihad Credit Insurance (ECI). This partnership aims to support UAE-based companies and provide export credit insurance services to exporters in Abu Dhabi. By offering this support, the Chamber seeks to empower local businesses and unlock economic opportunities.
Another cooperation agreement was signed between the Abu Dhabi Chamber and the National Marine Dredging Group to support suppliers within the private sector in Abu Dhabi. This collaboration aims to enhance the growth and prosperity of these suppliers, contributing to the overall development of the private sector.
Additionally, the Chamber signed a cooperation agreement with Khalifa Economic Zones Abu Dhabi (KEZAD) to strengthen the cooperation between the two entities and achieve sustainable economic growth in Abu Dhabi. The agreement focuses on the development of major projects in collaboration with businesses operating in ports and the industrial sector. It also aims to create an environment that attracts investors and establishes economic complexes and free zones in Khalifa Economic Zones.
Furthermore, the Abu Dhabi Chamber signed a Memorandum of Understanding (MoU) with the Abu Dhabi Future Energy Company (Masdar) to provide investment opportunities for the Chamber’s members in the renewable energy sector. This partnership will also leverage artificial intelligence for small and medium enterprises, promoting innovation and technological advancement.
These strategic partnerships reflect the Abu Dhabi Chamber’s commitment to supporting the private sector and driving business growth. By collaborating with key players in various industries, the Chamber aims to uncover investment opportunities, improve business operations, and contribute to the economic growth of Abu Dhabi. These agreements align with the Chamber’s strategic goals for the next three years and strengthen its relations with partners in both the public and private sectors.
The CEO of KEZAD Group emphasized the importance of cooperation between government agencies and the continuous improvement of customer experience and services in making Abu Dhabi a preferred investment destination. This partnership with the Abu Dhabi Chamber aims to enhance service quality, facilitate business operations, and provide more opportunities for the private sector, ultimately reinforcing Abu Dhabi’s attractiveness as an investment destination.
The CEO of Masdar highlighted the significance of strategic cooperation between government institutions to promote economic and social development, emphasizing Masdar’s commitment to supporting the UAE’s strategic initiative of achieving Net Zero emissions by 2050. By leveraging its expertise in renewable energy and innovation, Masdar aims to contribute to the advancement of clean energy investment and deployment.
The CEO of the National Marine Dredging Group expressed their commitment to Abu Dhabi’s industrial acceleration and praised the collaboration with the Abu Dhabi Chamber of Commerce. Together, they aim to drive synergies, efficiencies, and sustainable growth in the supply chain, further enhancing the overall economic development of Abu Dhabi.
The CEO of ECI emphasized their vision of economic diversification and accelerating non-oil trade in alignment with the UAE’s goals. This partnership with the Abu Dhabi Chamber will enhance the global competitiveness of UAE companies by providing cutting-edge credit solutions to businesses and manufacturers. By supporting exporters, ECI aims to contribute to Abu Dhabi’s sustainable economic growth and manufacturing excellence.
The Abu Dhabi Chamber’s strategic partnerships will undoubtedly empower the private sector, drive business growth, and help realize the full potential of Abu Dhabi’s economy. By fostering collaboration and providing support to various industries, these agreements pave the way for a dynamic and thriving business environment in the Emirate.
