Abu Dhabi Chamber signs 3 deals

As part of its participation in the first edition of the Abu Dhabi International Food Exhibition (ADIFE), the Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed three Memoranda of Understanding (MoUs) with local and regional parties, including the Emirates Development Bank, Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), and Arab Authority for Agricultural Investment and Development (AAAID).

The MoUs are a part of the chamber’s efforts to drive economic growth in Abu Dhabi and support investment in vital sectors.

Ali Saeed bin Harmal Al Dhaheri, First Vice Chairman of the Abu Dhabi Chamber, and Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, and representatives from the Emirates Development Bank, ADAFSA, and AAAID, attended the signing ceremony.

Al Mheiri said, “These agreements begin a new phase of cooperation with leading entities. The agreements will strengthen the contribution of private companies to vital sectors, enable them to launch unique projects, and provide them with the necessary guidance on a local and regional level.”

“The chamber’s ensures supporting private companies from different sectors and scales, providing them with the necessary guidance and requirements to launch their business and achieve operational success, particularly for SMEs which play a key role in driving the Emirate’s economic development,” he added.

As part of its continuous efforts to support start-ups and SMEs that operate in various sectors, the Abu Dhabi Chamber signed a partnership agreement with the Emirates Development Bank, where the two parties will cooperate in highlighting the available investment opportunities in the manufacturing, advanced technology, healthcare, and food security sectors. The bank will also provide financing and support options for members of the chamber to support the financing of the industrial strategy in the UAE.