Abu Dhabi Chamber and ADIO organize a webinar for Korean and Singaporean businesses on investing in the UAE Capital

Through its International Representation Offices in Korea and Singapore, the Abu Dhabi Chamber of Commerce and Industry, in cooperation with Abu Dhabi Investment Office (ADIO), have organized a virtual webinar to promote investment opportunities in Abu Dhabi for Korean and Singaporean businesses.

His Excellency Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber, and His Excellency Dr. Tariq Bin Hendi, Director General of ADIO, attended the webinar along with Mr. Aaron Goh, Regional Director of Enterprise Singapore, and Mr. Myungsoo Sim, Deputy Director of Korea Financial Investment Association (KOFIA). 

In his opening remarks, H.E. Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber, said that organizing this webinar comes within the Chamber’s responsibility towards attracting more direct foreign investments to Abu Dhabi, especially considering the impacts of COVID-19 pandemic on the economy. “However, the Abu Dhabi Chamber, in line with the efforts of the government, has always worked towards playing its imperative role in supporting businesses and serving the private sector as a whole,” he said.

Al Mheiri pointed to the efforts of the Chamber in developing and organizing trade and industrial activities as well as increasing the competitiveness of businesses operating in the emirate by providing them with up-to-date, relevant and seamless digital services to help them grow and expand with a click of a button.

The Director General also pointed to the prominent role the Chamber’s representation offices play stating that the Chamber has founded them in strategic locations in the Asia Pacific region to position the emirate as a leading foreign investment destination. 

“Inaugurated in 2015, our Representation Offices in Singapore and South Korea have since acted as bridges for strategic partnerships and commercial opportunities between Abu Dhabi and Asia,” he added.

“Supported by its Representation Offices in Singapore and Korea, the Abu Dhabi Chamber has attracted 473 foreign investors from across the globe in 2019. This positive result was also made viable by the 70 activities hosted by these two offices.

“Our offices have so far seen a whopping 316 businesses and corporations from Singapore and South Korea registering as members of the Abu Dhabi Chamber, with some 26 countries pursuing to explore foreign investment opportunities in the Capital,” he explained.

Al Mheiri also highlighted a number of high-quality services the International Representation Offices provide including: Step-by-step process on setting up a business in Abu Dhabi, with facilitation services; and access to reliable market research articles published by the Chamber pertaining to the Abu Dhabi economy. 

The Chamber’s other services include: Legal consultation services in Abu Dhabi; access to the Abu Dhabi Chamber membership directory to facilitate communication; and facilitation of B2B meetings with businesses in Abu Dhabi and matchmaking opportunities with potential local partners; in addition to organizing and facilitating trade missions.

For his part, H.E. Dr. Tariq Bin Hendi, Director General of ADIO, said: “Abu Dhabi has an enabling ecosystem that supports investors ready to take their business to the next level. ADIO works hand-in-hand with enablers across the emirate’s ecosystem, connecting innovators and entrepreneurs to the right opportunities and partners. Abu Dhabi is open for business, and we look forward to helping innovative companies establish and grow in the emirate.”

It is worth noting that the Korean and Singaporean sides expressed their delight for being a part of the webinar, pointing the importance investing in Abu Dhabi business market considering the great incentives and the ease of doing business in the capital.