Abu Dhabi Chamber Secures US Deals Following 50% Rise in Memberships
The Abu Dhabi Chamber of Commerce and Industry has reported a significant increase in corporate memberships from the United States. This growth underscores the enhancing trade and investment relations between Abu Dhabi and American businesses.
Membership Growth in US Corporations
From 2019 to 2024, the Abu Dhabi Chamber recorded a compound annual growth rate (CAGR) of nearly 53% in US corporate memberships. Notably, there was a remarkable 50% increase in 2024 alone. This surge demonstrates Abu Dhabi’s rising attractiveness as a destination for international investment.
Diverse Sectors Represented
The analysis of US firms registered with the Abu Dhabi Chamber reveals insights into their operational focus:
- Wholesale and retail trade – 50%
- Vehicle repair – 8%
- Professional, scientific, and technical services – 6%
- Construction – 8%
- Mining and quarrying – 7%
- Communications and information technology – 6%
- Hospitality – 6%
- Administrative services – 5%
This diverse representation illustrates Abu Dhabi’s strength as a business hub, indicating further opportunities for innovation and collaboration across different industries.
New Partnerships and Cooperation
During an economic delegation to New York City from September 30 to October 2, the Abu Dhabi Chamber signed two key cooperation agreements. The partnerships were established with:
- The North Carolina Chamber of Commerce
- The Texas Association of Business
These agreements aim to open new avenues for businesses in Abu Dhabi and enhance the UAE’s presence in the US market.
Details of the Agreements
The partnership with the North Carolina Chamber focuses on:
- Encouraging joint investments
- Facilitating participation in exhibitions and forums
- Promoting information exchange on investment climates and trade regulations
- Establishing a registry of Emirati companies in North Carolina
The Texas collaboration emphasizes trade expansion, entrepreneurship, and the integration of advanced technologies through mutual knowledge-sharing.
Commitment to Sustainable Growth
Shamis Al Dhaheri, Second Vice Chairman and Managing Director of the Abu Dhabi Chamber, highlighted the chamber’s dedication to positioning Abu Dhabi as a global business hub. He stated that American businesses are vital to the emirate’s dynamic commercial landscape.
Al Dhaheri elaborated that the recent growth in US memberships and partnerships reflects a collective aim to foster a resilient, future-focused economy. He noted, “US companies are strategic partners in Abu Dhabi’s drive towards economic diversification.”
Building Future Collaborations
Looking ahead, the Abu Dhabi Chamber anticipates further expansion of American corporate investments, particularly in innovation and advanced technology sectors. Continuous economic dialogues and trade missions will be critical in promoting sustained partnerships that benefit both economies.
