24/02/2026 06:09 AST
The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the US Chamber of Commerce to enhance investment opportunities and exchange expertise.
The agreement will also reinforce communication channels between the business communities of Abu Dhabi and the United States.
The agreement comes amid strong economic relations between the UAE and the US, one of the UAE's largest global trading partners. Non-oil trade between the two countries has recorded sustained growth in recent years, supported by expanding cooperation across key sectors including technology, energy, advanced industries, financial services, and healthcare.
According to the latest data from the UAE Federal Competitiveness and Statistics Centre (FCSC), bilateral non-oil merchandise trade reached AED111.0 billion ($30.2 billion) during the first nine months of 2025, after realising a 10.2% year-over-year (y-o-y) growth from the AED100.7 billion ($27.4 billion) registered during the first nine months of 2024.
The UAE hosts thousands of US companies operating across various sectors, while mutual investments continue to grow, reflecting strong confidence in the business environment and economic opportunities in both countries. The agreement aims to build on this momentum by providing an institutional platform to support joint investments and expand private-sector cooperation between Abu Dhabi and the US.
The agreement seeks to broaden cooperation in trade and investment, knowledge transfer, the organisation of economic events, and the exchange of trade delegations, in addition to providing a joint platform to support companies and enable their expansion into new markets, contributing to sustainable economic partnerships and effective engagement between the two business communities.
The agreement was signed by Ali Mohamed Al Marzooqi, Director General of the Abu Dhabi Chamber of Commerce and Industry, and Steve Lutes, Vice President for Middle East Affairs at the US Chamber of Commerce. The signing took place in the presence of representatives from both sides, reflecting the strength of the growing economic ties between the UAE and the US.
Al Marzooqi said: "The signing of this agreement marks a new milestone in strengthening economic relations with the United States. It reflects the Abu Dhabi Chamber's ongoing efforts to expand international partnerships, support the global expansion of the private sector, and open new avenues for economic and investment cooperation. The United States is a strategic economic partner for the UAE, and we are confident this partnership will create broader opportunities for Abu Dhabi companies to benefit from investment and trade prospects, while enhancing knowledge exchange and supporting global competitiveness."
Lutes said: "This agreement reflects the US Chamber of Commerce's commitment to strengthening cooperation with our partners in Abu Dhabi and the UAE. We look forward to supporting both American and Emirati companies in exploring new opportunities across investment, technology, and trade, and to strengthening ties between the two business communities in support of sustainable economic growth."
The agreement also covers cooperation in exchanging information on markets and trade regulations, organising exhibitions and economic forums, facilitating company participation in international events, supporting trade visits and delegations, and developing joint programmes for training and capacity building.
Trade Arabia
Please wait...
