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Wednesday, March 22, 2023

Abu Dhabi Chamber hosts Abu Dhabi-Hong Kong Business Forum

Abu Dhabi Chamber hosts Abu Dhabi-Hong Kong Business Forum

Abu Dhabi, UAE: Dr Ali Saeed bin Harmal Al Dhaheri, First Vice Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), said: “It is important to strengthen the economic and trade relationship between the UAE and Hong Kong as a gateway for international trade. Abu Dhabi and Hong Kong China’s business environment has huge advantages, including investment legislation and legal clarity, trade facilitation and incentives for investors, and their contribution to the Belt and Road Initiative, which has transformed global trade.”

The statement was made as part of Al Dhaheri’s speech at the Abu Dhabi-Hong Kong Business Forum, organized by the Abu Dhabi Chamber of Commerce in partnership with the Hong Kong Trade Development Council (HKTDC).

The Chief Executive of the Hong Kong Administrative Region, Li Jiachao, attended the forum; Mr. Zhang Guojun, Deputy Secretary-General of the Hong Kong Department of Justice; Mr. Hui Zhengyu, Hong Kong Secretary for Financial Services and the Treasury; Mr. Qiu Yinghua, Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region; Abu Dhabi Chamber of Commerce and representatives of the private sector from both countries. The parties discussed ways to strengthen economic and trade relations.

Al Dhaheri said: “As part of the cooperation and trade exchanges between the UAE and Hong Kong, non-oil foreign trade between the UAE and Hong Kong has increased from about US$8.2 billion in 2014 to about US$12 billion in 2021. This has also contributed to many UAE’s investments in Hong Kong include Emirates Airline, Dubai Ports, First Abu Dhabi Bank, Mashreq Bank, Etihad Airways, etc.”

As part of our new strategy, Abu Dhabi Chamber seeks to revitalize the economy of the emirate of Abu Dhabi and achieve the goals of Abu Dhabi’s 2030 Economic Vision. To this end, it is important to promote the work of companies operating in the emirate and strengthen international partnerships between private sector institutions in Abu Dhabi and their global counterparts. I therefore invite the Hong Kong business community as well as UAE investors to explore joint investment opportunities and focus on high-priority, competitive areas such as innovation, entrepreneurship and technology,” he added.

His Excellency Kar-chau Lee, Chief Executive of Hong Kong, said: “I would like to thank the Abu Dhabi Chamber of Commerce for its hospitality. We are proud of our strong relationship with Abu Dhabi and the UAE and always feel like we are in our second home when we visit . I look forward to a fruitful Abu Dhabi-Hong Kong Business Forum today.”

Dr Lam Kin Tat, Chairman of the Hong Kong Trade Development Council, said: “The UAE’s pro-business policies make it an excellent springboard for international businesses looking to enter this dynamic region, and Abu Dhabi, as a key contributor to the UAE’s economy, is ideally positioned to do so. Gateway. We are excited to be here to learn about the latest developments in Abu Dhabi and the UAE, and to explore opportunities for collaboration.”

During the meeting, Abu Dhabi Chamber signed two cooperation agreements with the Hong Kong Trade Development Council and the Federation of Hong Kong Industries (FHKI). The agreements are designed to support cooperation between companies from both countries to accelerate Asia’s development process in the Middle East. In addition, participants from the Abu Dhabi Investment Office introduced the business ecosystem in Abu Dhabi, and a number of meetings were held between the two parties.


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