The UAE Federation of Chambers of Commerce and Industry has declared the formation of the UAE–Burundi Business Council, intended to promote trade and economic collaboration between the business sectors of both nations.
The launch increases the total to 80 business councils functioning under the UAE Chambers’ umbrella, enhancing its network and bolstering opportunities for business collaborations, according to an Emirates News Agency (WAM) report.
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The declaration occurred at a ceremony held at the Sharjah Chamber of Commerce and Industry (SCCI) headquarters, where a memorandum of understanding (MoU) was executed between UAE Chambers and Burundi's Federal Chamber of Commerce and Industry (CFCIB).
The signing ceremony saw the presence of Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of SCCI; Fahad Al Gergawi, Undersecretary of the Ministry of Foreign Trade; Abdullah Humaid bin Hamed, Board Member of Umm Al Qaiwain Chamber of Commerce and Industry; and Ahmed Juma Al Qaizi, Assistant Secretary-General of UAE Chambers, along with additional officials representing both sides.
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Al Owais stated that the council signifies a significant step in enhancing bilateral relations. He expressed assurance that the council would strengthen economic relations and create new opportunities for collaboration between the two nations.
He reiterated the UAE Chambers and SCCI's firm dedication to supplying the necessary resources and facilities to foster the growth and advancement of private-sector companies, while also contributing to the establishment of a vibrant and business-friendly atmosphere throughout the UAE.
Al Owais emphasized the significant role that business councils have in strengthening connections between the UAE's private sector and its global partners. He mentioned that they act as a crucial foundation of the business community, advancing trade by utilizing skills and knowledge to enhance the competitiveness of UAE companies.
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Olivier Suguru, President of the Federal Chamber of Commerce and Industry of Burundi, commended the initiatives of UAE Chambers and SCCI in offering the essential resources to set up the council.
He characterized the initiative as a demonstration of the ongoing dedication of UAE Chambers and SCCI to promoting private-sector development, aiding business councils, and establishing a favorable atmosphere for entrepreneurs and investors.