Abu dhabi: The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the US Chamber of Commerce to enhance investment opportunities, exchange expertise, and strengthen communication channels between the business communities of Abu Dhabi and the United States. The agreement is part of ongoing efforts to solidify economic relations between the United Arab Emirates and the United States, a key global trading partner for the UAE.
According to Emirates News Agency, the latest data from the UAE Federal Competitiveness and Statistics Centre (FCSC) indicates that bilateral non-oil merchandise trade reached AED111.0 billion (US$30.2 billion) during the first nine months of 2025, marking a 10.2 percent year-on-year increase from AED100.7 billion (US$27.4 billion) recorded during the same period in 2024. This growth underscores the expanding cooperation across key sectors such as technology, energy, advanced industries, financial services, and healthcare.
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 newly signed 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 United States.
Key objectives of the agreement include broadening cooperation in trade and investment, knowledge transfer, the organisation of economic events, and the exchange of trade delegations. It will also provide a joint platform to support companies and facilitate 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 ceremony was attended by representatives from both sides, highlighting the robustness of the economic ties between the United Arab Emirates and the United States.
Commenting on the agreement, Ali Al Marzooqi stated that the signing marks a new milestone in strengthening economic relations with the United States. He emphasized that the Abu Dhabi Chamber's ongoing efforts aim to expand international partnerships, support the global expansion of the private sector, and open new avenues for economic and investment cooperation. He expressed confidence that this partnership would create broader opportunities for Abu Dhabi companies to benefit from investment and trade prospects, while enhancing knowledge exchange and supporting global competitiveness.
Steve Lutes remarked that the agreement reflects the US Chamber of Commerce's commitment to strengthening cooperation with partners in Abu Dhabi and the UAE. He expressed anticipation in supporting both American and Emirati companies in exploring new opportunities across investment, technology, and trade, thereby strengthening ties between the two business communities in support of sustainable economic growth.