Abu Dhabi, Cuba Chambers explore ways to boost economic cooperation

By Shilpa Annie Joseph, Official Reporter
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The Abu Dhabi Chamber of Commerce & Industry’s (ADCCI) Director-General Mr. Mohamed Helal Al Mheiri has discussed means of developing economic cooperation channels between Abu Dhabi and Cuba with Mr. Ruben Ramos Arrieta, Vice President of the Cuban Chamber of Commerce.

During the meeting, the two parties explored ways of boosting communication between the business communities in Abu Dhabi and Cuba. This came during the meeting held between them as part of the Abu Dhabi Chamber’s participation in Dubai Expo 2020.

Mr. Al Mheiri stated that the UAE and Cuba have a wide range of economic collaboration that spans all sectors, with a particular focus on innovation, technology, economic diversification, and renewable energy.

He emphasized that Cuba is one of the UAE’s most important economic partners in the Caribbean and that trade between the two countries is growing.

Further, the Director-General provided a detailed explanation of the Chamber’s services to businesses in Abu Dhabi, highlighting the benefits of Abu Dhabi’s favorable investment environment, which include favorable legislation, advanced infrastructure, and the government’s economic initiatives and incentives to make doing business easier.

“It is important to work together to support and empower businesses in Abu Dhabi and Cuba and to share information and economic solutions,” he said.

For his part, Mr. Arrieta expressed high hopes in building strong economic, trade, tourism, and investment relations, describing the UAE and Cuba as strong economies and doorways to the markets of the Middle East and Latin America.

He further added that “Cuba places special importance on bolstering joint relations with the UAE and pushing the trade between the two countries to new levels, allowing businesses to benefit from the promising investment opportunities available in diverse sectors, including healthcare and renewable energy.”

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