Tue, 06 Dec 2022

ABU DHABI, 28th October, 2022 (WAM) - Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a Memorandum of Understanding with the Chamber of Commerce and Industry of Benin (CCIB) to enhance economic and trade relations between their members and bring benefits to their business communities.

The MoU was signed at Abu Dhabi Chamber's headquarters by Dr. Ali Saeed bin Harmal Al Dhaheri, First Vice Chairman of Abu Dhabi Chamber, and Arnauld Akakpo, President of the CCIB.

The signing was attended by Moudjaidou Soumanou Issoufou, Non-Resident Ambassador of Benin to the UAE; Mohamed Helal Al Mheiri, Director-General of Abu Dhabi Chamber, representatives from the Embassy of Benin in Kuwait, and officials from both sides.

Under the terms of the MoU, the two sides will work to enhance cooperation, promote investment opportunities, and facilitate strategic networking opportunities between the Chambers' members.

The two Chambers will share information and expertise on trade and investment, exchange trade delegations, organise virtual events, and support the launch of joint projects in investment, tourism, agriculture, healthcare, and technology.

In his keynote speech, Al Dhaheri said, "Trade between Abu Dhabi and Benin has seen significant growth year over year, and we are keen to achieve further growth thanks to the partnership we established today. The two countries are keen to strengthen trade and investment to drive economic growth. We look forward to exchanging knowledge and expertise and exploring investment opportunities that would provide a win-win for all."

Al Mheiri, in turn, stated that the MoU is key for driving cooperation in the investment, tourism, technology, agriculture, healthcare, and technology sectors. "Abu Dhabi Chamber, which represents the voice of the private sector, is committed to exploring opportunities that support the growth of the private sector in the Emirate, and attracting local, regional, and international investments."

President of the CCIB said, "I would like to extend my appreciation to the efforts made to sign this agreement. The MoU aims to promote and develop the trade and investment activities of businessmen in the UAE and Benin. Benin, which is a major gateway to entering the markets of West African countries, is an active member of the Economic Community of West African States (ECOWAS), which includes 15 African countries, which make up a total population of 350 million."

Issoufou commented, "The Government of Benin provides a set of institutional facilities and legislative guidance to attract FDIs. Some of the vital sectors for investment in Benin include agriculture, export and trade of ornamental stones such as marble, granite, and quartz, the production of fodder, husbandry, and the export of tropical fruits such as pineapple, mango, soy, cashews, and other products."

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