Posted On 10/29/2012
Abu Dhabi Chamber invites US companies to invest in Abu Dhabi
His Excellency Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry, President of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), received His Excellency Michael H. Corbin, the United States Ambassador to the UAE, and discussed with him the means of developing the investment and industrial cooperation relations between Emirati companies and their American counterparts.
HE Al Rumaithi stressed the importance of enhancing the cooperation between the businessmen and investment companies between the two sides, inviting US companies to double their industrial investments in the Emirate of Abu Dhabi and benefit from the facilities the emirate provides for foreign companies, especially inside the industrial cities of the emirate which, increasingly, attract industrial companies from all over the world.
HE the President of the ADCCI said that the Chamber continuously coordinate and cooperate with the American Business Council in Abu Dhabi to increase the participation of the US companies in the economic development process of the Emirate and open up new doors for businessmen and companies of the two sides. He pointed out that many foreign companies are showing an increasing interest in holding industrial projects in Abu Dhabi in cooperation with Emirati companies benefiting from the strategic geographical position of the country and the big markets in the region.
His Excellency Mohammed Helal Al Muhairi, Director General of the ADCCI, attended the meeting along with His Excellency John Simmons, the Commercial Counselor at the Embassy of the United States in the UAE; His Excellency Gregory Golden, Chairman of AmCham Abu Dhabi; and Mr. Mohammed Al Nuaimi, Director of Businesses and Communications Sector at the Abu Dhabi Chamber.
HE Al Rumaithi added that the economic plans of the Emirate of Abu Dhabi came to enhance the capabilities of the Emirate. He said that these plans concentrated on diversifying the economic activities and realizing sustainable development and building up a knowledge-based economy as well as enhancing the cooperation and partnership between the public sector and the private one. Such plans defined a number of key sectors for development and growth which include: aviation and space, defence, medicine, bio-technology, tourism, and medical care among others.
HE Al Rumaithi invited the American companies to seize the opportunities and study them thoroughly for what they bear from great economic advantages. He stated that the Abu Dhabi Chamber is completely ready to provide all kinds of support to the American companies that are willing to operate in the Emirate of Abu Dhabi. “The Abu Dhabi Chamber plays a major role in facilitating the businesses of the companies of the private sector through providing them with great services that varies from facilitating licensing procedures to providing recommendations and suggestions about new projects,” he said. He added that the members of the Abu Dhabi Chamber, whom exceeded 95,000 members by the end of 2011, can benefit from the services of the Chamber through its website on the internet and the new Members’ Services Center which provides diverse services with the cooperation of related public and private entities.
For his part, HE Michael H. Corbin, the US Ambassador to the UAE, said the US embassy encourages American companies to enter the Emirati markets and enhance their cooperation with the companies that operate in Abu Dhabi and the UAE. He pointed to the features of the products and services the American companies provide.
A recent report released by the Abu Dhabi Chamber said that there are 232 American companies operate in the UAE and the number of registered American trade agencies reached 566 agencies by the end of September 2012.