The Emirate Chamber of Commerce and Industry launches its new strategy for 3 years

Abu Dhabi Economic Department: We support the private sector by increasing its investments in infrastructure

During the launch of the new strategy of the "Abu Dhabi Chamber".

Photography: Najeeb Mohamed

The Department of Economic Development in Abu Dhabi affirmed its commitment to strengthening cooperation with the private sector through partnership initiatives between the public and private sectors in the emirate.

In his speech during the launch of the new strategy of the Abu Dhabi Chamber of Commerce and Industry for the three years (2023-2025), Rashid Abdul Karim Al Balushi, Undersecretary of the Abu Dhabi Economic Department, said that Abu Dhabi supports the growth of the private sector on a larger scale by increasing local and foreign private sector investments in infrastructure projects. infrastructure and public services.

He added that Abu Dhabi aims to enhance the diversification of its economy through investment, open the way for various sectors to flourish and enhance their competitiveness.

Encouraging competencies

Al Balushi stated that Abu Dhabi facilitates the implementation of projects and better provision of services by encouraging the competencies of the private sector and innovation in the implementation and operation of major infrastructure projects, noting that the year 2022 and the beginning of this year witnessed the launch of a number of partnership projects between the public and private sectors in the roads, education and housing sectors. .

He explained that the contribution of non-oil sectors to Abu Dhabi's GDP amounts to 50.3%, which reflects the strength and resilience of the emirate's economy and its ability to maintain its competitive position despite global challenges, which supports efforts to enhance Abu Dhabi's competitive position as one of the top 10 cities in the world. And the first choice in the Arab Gulf region in the field of ease of establishing and doing business by 2025.


Al Balushi pointed out the Abu Dhabi Chamber's contribution to stimulating the growth of the private sector and increasing its participation in supporting the growth of non-oil sectors by playing a greater role in providing the private sector with services and facilitating procedures.

He said that the trade exchange platform launched by the chamber works to enhance communication between companies and institutions by providing many features, such as the interactive trade guide, and local and international investment opportunities, which contribute to the prosperity of the emirate's trade.

qualitative step

For his part, Chairman of the Abu Dhabi Chamber of Commerce and Industry, Abdullah Al Mazrouei, said that the launch of the Chamber's new strategy for the next three years is a qualitative step towards achieving the goals of Abu Dhabi's vision aimed at promoting economic growth and increasing the contributions of the private sector during the next 50 years.

Al Mazrouei added that the Chamber focuses on enhancing the capabilities of new economic sectors that serve the future directions of the country, and contribute to preserving the country's regional and global leadership and its position in the heart of the international trade movement, benefiting from its infrastructure, the strength of its relations and the openness of its economy to various countries.

He pointed out that the Chamber is working with its government partners and the local business community to develop its capabilities, strengthen its position as the voice of the private sector and the main supporter of its growth and care for its interests, and take advantage of the opportunities offered by the markets according to a more diversified and open strategy.

International Center for Arbitration

Member of the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry, Chairman of the Future Transformation Committee, Carl Magnus, said that the Chamber has already begun implementing its new strategy, indicating that all Chamber services have become digital, and government agencies are linked with the private sector in all sectors, in addition to encouraging Emiratisation efforts. In the private sector.

He revealed that a global center for commercial arbitration will soon be established under the Chamber, so that Abu Dhabi will become a center for commercial arbitration in the region and the world.

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