Abu Dhabi Chamber signs a memorandum of understanding with the Rwandan Private Sector Federation

Aya Hussain

Today, the Abu Dhabi Chamber of Commerce and Industry signed a cooperation agreement with Etihad Rwandan private sector to enhance economic and trade relations between the UAE and Rwanda. This came with the conclusion of the activities of the Emirati-Rwandan Business Forum, organized by the Abu Dhabi Chamber, to discuss ways to enhance business growth and to review investment opportunities available in many economic sectors in both countries.

The forum was attended by His Excellency Hazza Al Qahtani, UAE Ambassador to Rwanda, and each of the members of the Abu Dhabi Chamber Board of Directors, His Excellency Masoud Rahma Al Masoud, Treasurer, Fouad Darwish, His Excellency Mohammed Hilal Al Muhairi, Director General of the Abu Dhabi Chamber, and representatives of institutions and companies The private sector in the Emirate of Abu Dhabi.

2030 The Rwandan delegation included His Excellency Emmanuel Hatigika, Ambassador of the Republic of Rwanda to the UAE, and Jean-Françoise, Acting President the Rwandan Private Sector Consortium; Mr. Philip Lucky, Chief Investment Officer of the Rwanda Development Board, in addition to the presence of more than 02 participants from representatives of Rwandan private sector companies operating in various sectors, including These include agriculture, consulting, education, energy, financial technology, healthcare, technology, manufacturing, logistics, real estate, tourism, trade, and mining.

Under the agreement, both parties will work to exchange experiences and knowledge on the economic and commercial level, and increase the investment opportunities available to the private sector in the UAE and Rwanda through the exchange of commercial delegations and the organization of virtual events that are in the interest of both sides, as well as applying Economic and investment studies.

In his opening speech during the forum, Masoud Rahma Al Masoud, Treasurer and Member of the Board of Directors of the Abu Dhabi Chamber, said: The movement of exports and imports between Rwanda and Abu Dhabi witnessed a significant increase in terms of products imported from Rwanda and non-oil exports from Abu Dhabi between the years 2017 and 2017, including Support the Emirate’s efforts to achieve economic diversification and the objectives of the Abu Dhabi Economic Vision 2030. We at the Abu Dhabi Chamber affirm our constant readiness to provide all facilities to support and develop all areas of cooperation between the private sector in Abu Dhabi and Rwanda, encourage Emirati investors to discover investment opportunities in Rwanda, and introduce Rwandan investors to the competitive investment climates in the Emirate of Abu Dhabi and the economic incentives provided by its business environment that allow Ease of establishing and doing business, which contributes to enhancing trade exchange between the two friendly sides. And we will continue to work through the Chamber’s new strategy to strengthen economic relations and open broader horizons to conclude more agreements and trade partnerships that achieve common interests.”

For his part, His Excellency Emmanuel Hatigika, Ambassador of the Republic of Rwanda to the UAE, said: “Rwanda and the UAE enjoy distinguished bilateral and commercial relations, as the volume of trade exchange and investments witnessed a remarkable increase over the past four years. We expect that the UAE-Rwanda Business Forum will contribute to strengthening communication and relations between the two business communities, as it comes at a time when we need to re-stimulate commercial activities to maintain the economic recovery that the world is witnessing in the post-Corona phase. 2030 It is worth noting that the program of the UAE-Rwanda Business Forum witnessed a presentation by the Abu Dhabi Investment Office (ADIO) on the economic system of the Emirate of Abu Dhabi, and other presentations that reviewed promising business fields and opportunities in Abu Dhabi And Rwanda, as well as opening up business meetings between representatives of the private sector to discuss ways and prospects for cooperation.