Abu Dhabi Chamber Invites US Companies for Investments in UAE

Officials from the Abu Dhabi Chamber of Commerce and Industry headed by His excellency Khalfan Saeed Al Kaabi, 1st Deputy-Chairman of the Abu Dhabi Chamber, held an extended meeting with a US economic delegation headed by Congressman Danny K. Davis and the attendance of Senator Mattie Hunter at the Chamber’s Tower in Abu Dhabi.

His Excellency Helal Mohammed Al Hamili, Acting Director General at the Abu Dhabi Chamber attended the meeting along with representatives from the biggest companies in the Emirate of Abu Dhabi.

HE Al Kaabi highlighted in a word he delivered at the beginning of the meeting the Importance, and the Dynamism, of the bilateral strategic relationship between the Emirate of Abu Dhabi and the US; which the two are keen on nurturing in order to further enhance their partnership and collaboration. He hoped that the meeting would serves as an ideal platform for discussing the status and future of the economic and commercial relations between Abu Dhabi and the US, and exploring new channels to strengthen these relationships that are mutually beneficial.

The 1st Deputy Chairman emphasized that Abu Dhabi’s commitment to nurture and strengthen economic relations with the USA is clear, especially as the US is the number one source of the Emirate’s imports, and the eighteenth largest destination of its exports. “Abu Dhabi’s volume of non-oil exports to the US has grown from AED 25 Billion in 2010, to AED +88 billion in 2012, while re-export from Abu Dhabi to Washington increased in volume from about AED 39 Million in 2010, to AED 54 Million approximately in 2012,” he said, adding that “on the national level, the UAE’s volume of non-oil exports to the US has increased from AED 971 Million in 2010, to more than AED 1 Billion in 2012, whereas the re-export of non-oil commodities to the US reached the AED 3 Billion threshold in the same year.”

Highlighting the importance of bilateral relations; the number of US corporations, agencies and trademarks registered in the UAE is around 310, 545 and 24,483 consecutively.

“Realizing our ambition for the bilateral relations between our countries requires us to regularly communicate, convene and discuss different factors contributing to the growth of foreign trade between us. Hence, we avail this opportunity to invite businesspersons and investors from both sides to exchange visits and explore investment opportunities, especially in the private sector, knowing that we, the Abu Dhabi Chamber, offer them our full support,” he said.

HE Al Kaabi introduced to the visiting delegation the positive and competitive business environment Abu Dhabi provides investors from around the world, saying that In light of the Emirate’s outstanding leadership vision, “Abu Dhabi has witnessed extensive economic growth; to an extent with which it came to be a leading regional hub for finance and business, with many international corporations and investor establishing regional and local headquarters here.” He added: “Abu Dhabi is in fact an ideally competitive business environment, as it offers state-of-the-art infrastructure, political stability and security, and world class banking system, in addition to legal and regulatory frameworks that encourage and attracts investors.”

Al Kaabi noted that Abu Dhabi’s modernization and growth are based on the strategy portrayed in “The Abu Dhabi Economic Vision 2030”, focusing on building a knowledge-based sustainable economy, and enhance cooperation between the public and private sectors. “Thus, Abu Dhabi offers a wide spectrum of investment opportunities that are able to yield excellent results within an ideal modern business environment,” he said.

“Dedicated to materializing its ambition vision, Abu Dhabi focuses on a number of sectors that further establish its stature as a regional hub for commerce and business; such as aviation, space technology, defense, pharmaceuticals, biotechnology, tourism, and healthcare, in addition to transport, trade, education, media, financial services and communications. Our ultimate goal is exceeding the threshold of 7.5% of annual growth in each of these vital sectors.”

His Excellency pointed out that the Abu Dhabi Chamber offers its full support and assistance to the Emirate’s private sector, while providing international corporations with the outstanding investment and service opportunities Abu Dhabi offers businesspersons from around the world.

“Abu Dhabi Chamber’s proven success in this regard is largely based its proactive approach facilitating incorporation procedures and transaction execution; examples of which include the electronic service provision through its official website, dedicating a special service centers for it members, and close collaboration with the private sector to integrate investment services in one unified and comprehensive platform.”

He remarked that Abu Dhabi is an exemplary business environment that attracts investments from across the globe; and that it has the ambitious vision, the abilities and resources, and the infrastructure needed to create the synergy and facilitate trade with its friends in the United States. HE Al Kaabi invited businesspersons and corporations from the State of Illinois to visit us in Abu Dhabi and explore the wide variety of rare investment opportunities it offers.