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Abu Dhabi: In line with the launch of the new strategy of the Abu Dhabi Chamber of Commerce and Industry (ADCCI) for the next three years, the Chamber signed three Memorandums of Understanding (MoU) with the Federal Tax Authority (FTA), Statistics Data Center – Abu Dhabi (SCAD) and eBay, to support the private sector in the Emirate of Abu Dhabi and enable it to reach its full potential.
The signing of the MoU is part of the Chamber’s efforts to boost Abu Dhabi’s economic growth by empowering the private sector.
As part of its new strategy, it reflects the Chamber’s role as policy advocate, liaison and service provider.
Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber of Commerce, said: “The Chamber is proud to partner with leading local and international entities that recognize its role as a trusted partner to the public and private sectors and a key supporter of private companies In Abu Dhabi. The chamber works hard to meet the needs of the private sector, providing knowledge and guidance to private companies and familiarizing them with the tax and legislative system.”
“The Chamber is embarking on its new strategy, which is already starting to yield positive results, especially following the signing of these agreements. In the period ahead, we will continue to work hard to strengthen our partnerships and leverage the expertise required to benefit Abu Dhabi’s private sector,” he added.
The MoU with the Federal Revenue Authority aims to strengthen cooperation and coordination of joint programmes, initiatives and projects, and establish a working council to overcome challenges faced by the private sector in the emirate. Under the terms of the MoU, both parties will also organize meetings and seminars for private companies and the business community to raise awareness of the tax regulations introduced in the UAE and enable them to take the necessary steps to ensure compliance with them.
Khalid Ali Al Bustani, Commissioner of the Federal Revenue Authority, said: “The agreement between the Authority and the Abu Dhabi Chamber of Commerce aims to strengthen cooperation to continue improving services to support and assist businesses. A plan to maintain the environment that affects tax compliance. The Authority is committed to strengthening strategic partnerships with the public and private sectors, which play a key role in the successful implementation of the tax system.”
“Taking this opportunity, we would like to thank the Abu Dhabi Chamber for its important role in supporting this partnership, which aims to achieve great results by enhancing services provided to stakeholders registered with the Authority. The partnership Guanxi also aims to raise the level of tax awareness among businesses and consumers by jointly organizing events and informing all stakeholders of their rights and obligations in the tax system to identify any obstacles they may face and address them immediately,” he said. added.
The Chamber also signed a Memorandum of Understanding with the Statistical Center of Abu Dhabi (SCAD) to strengthen their cooperation in data, experience and knowledge exchange and in developing statistical capacity and competitiveness.
As part of the MOU, both parties will provide accurate statistical products and develop and implement effective data management methodological frameworks and policies through modern electronic systems, which will facilitate the organization and integration of statistical work and provide policymakers in the emirate support.
Ahmed Mahmoud Fikri, Director General of SCAD, said: “Data collaboration is imperative to realize the ambitions of our wise leadership, which requires an advanced comprehensive statistical ecosystem equipped with modern technologies , to help decision makers and maintain the overall competitiveness of the Emirate of Abu Dhabi.”
He added: “The agreement with the Abu Dhabi Chamber of Commerce and Industry is an important step in expanding the chamber’s statistical capabilities and leveraging data collaboration, supported by advanced technologies and solutions ensuring integration between the two entities. This will facilitate business and growth in the industrial sector and further advances the sustainable development goals of the emirate of Abu Dhabi.”
In addition, the Chamber of Commerce signed a Memorandum of Understanding with eBay as part of its support for the e-commerce industry. As part of the MOU, Chamber members will receive a free three-month subscription to the eBay Store and have the opportunity to attend a specially designed training session teaching them how to create new digital stores and expand into existing stores on the eBay platform.
Jenny Hui, General Manager of Global Emerging Markets at ebay, said: “There are already many UAE businesses selling successfully on eBay, in fact, every 2 minutes an item from the UAE is sold on eBay. Partnering with Abu Dhabi Chamber of Commerce, we will help more local businesses do business globally with eBay’s unique support and advantages.”
The Abu Dhabi Chamber has launched a new three-year strategy 2023-2025, which focuses on serving the Abu Dhabi economy and strengthening its position as the “Voice of the Private Sector”. Under its new strategy, the Abu Dhabi Chamber aims to empower and enhance the competitiveness of Abu Dhabi’s private sector, making Abu Dhabi the place of choice for doing business in the MENA region by 2025.
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