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The Abu Dhabi Chamber of Commerce and Industry and the Ethiopian Investment Commission (EIC) have signed a Memorandum of Understanding to promote the strong economic cooperation between the UAE and Ethiopia and to create a framework for cooperation that strengthens trade, investment, and economic ties between the two countries. This agreement was made in conjunction with the visit of the UAE delegation to the Federal Democratic Republic of Ethiopia.
His Excellency Dr. Ali Saeed bin Harmal Al Dhaheri, First Vice Chairman of the Abu Dhabi Chamber, signed the MoU on behalf of the Abu Dhabi Chamber, and Her Excellency Lelise Neme, Commissioner of the EIC, signed it on behalf of her organization while traveling with the visiting delegation to Ethiopia.
The MoU acts as a guide for the sharing of information, skills, and resources, facilitating easier business transactions, the growth of investment opportunities, and the improvement of trade ties, ultimately having a positive effect on both countries' business environments.
On this occasion, H.E. Dr. Ali Saeed bin Harmal Al Dhaheri, First Vice Chairman of the Abu Dhabi Chamber, said, “This MoU embodies our shared commitment to fostering economic cooperation, trade, and investment between our countries considering Ethiopia’s fertile investment climate and the unlimited support of both countries’ leaderships. It paves the way for positive partnerships, the exchange of expertise, and the mutual growth of our economies. Our combined efforts will enable us to explore new avenues of cooperation, exchange knowledge, and promote sustainable economic development.”