Apart from the activities of the Chamber of Commerce in the Capital
February 24, 2023
Abu Dhabi: “The Gulf”
The Abu Dhabi Chamber of Commerce and Industry signed a cooperation agreement with the Rwandan Private Sector Confederation on Friday to promote economic and trade relations between the UAE and Rwanda. This came at the end of the activities of the Emirati-Rwanda Business Forum, organized by the Abu Dhabi Chamber, to discuss ways to promote business growth and review investment opportunities available in several economic sectors in both countries.
The forum was attended by Hasa Al-Qahdani, UAE Ambassador to Rwanda, Abu Dhabi Chamber Board of Directors members, Treasurer Masood Rahma Al-Masood, Fuad Darweesh, Abu Dhabi Chamber Director General Mohammed Hilal Al Muhairi and others. Representatives from companies and private sector organizations in the Emirate of Abu Dhabi.
The Rwandan delegation includes Ambassador of the Republic of Rwanda Emmanuel Hatigika, Executive Chairman of the Rwanda Private Sector Confederation Jean-Francois and Head of Investments at the Rwanda Development Council, Philippe Lucky. Over 90 participants representing Rwanda’s private sector companies operating in various sectors including agriculture, consulting, education, energy, fintech, healthcare, technology, manufacturing, logistics, real estate, tourism, trade and mining.
Exchange of experiences
Under the agreement, both parties will exchange experiences and knowledge at the economic and business level and increase investment opportunities available to the private sector in the UAE and Rwanda through the exchange of trade representatives and the organization of virtual events. Mutual benefit, as well as the use of economic and investment studies.
In his opening speech during the forum, Masoud Rahma Al Masoud, treasurer and board member of the Abu Dhabi Chamber, said: “The movement of exports and imports between Rwanda and Abu Dhabi has seen a significant increase in terms of imported goods. Non-oil exports from Rwanda and from Abu Dhabi between 2017 and 2021 reflect the emirate’s efforts to achieve economic diversification and the objectives of the Abu Dhabi Economic Vision 2030. Provide all facilities to support and promote all areas of cooperation between the private sectors in Abu Dhabi and Rwanda, encourage Emirati investors to explore investment opportunities in Rwanda and introduce Rwandan investors to the competitive investment environment in the Emirate of Abu Dhabi and provide economic incentives to facilitate the establishment and conduct of business through a business environment that facilitates friendly trade between the two sides. Contributes to improving exchange. We will continue to work through the Chamber’s new strategy to strengthen economic ties and open wider horizons for concluding business agreements and partnerships that achieve common interests.
Better bilateral and trade relations
For his part, the Ambassador of the Republic of Rwanda to the UAE, Emmanuel Hatigika, said: “Rwanda and the UAE are enjoying excellent bilateral and trade relations, as the volume of trade and investments has increased significantly over the past four years. We expect the Emirati-Rwanda Business Forum to contribute to the strengthening of communication and ties between the two business communities, as business activities will need to be re-invigorated to sustain the economic recovery the world is witnessing in this post. -Corona phase.
Notably, the program of the UAE-Rwanda Business Forum saw a presentation by the Abu Dhabi Investment Office (ADIO) on Abu Dhabi’s Emirate Economic System and other presentations that reviewed promising business sectors and opportunities in Abu Dhabi. and Rwanda, as well as open business meetings between private sector representatives to discuss avenues and opportunities.
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