The Dubai Chamber of Commerce and Industry (Dubai Chamber) and the Angola-UAE Chamber of Commerce and Industry have signed a memorandum of understanding (MoU) to enhance knowledge sharing and cooperation between the two chambers.
According to the statement, the agreement establishes a framework for developing stronger business ties between the parties and builds cooperation procedures to enhance the achievement of their respective economic objectives.
The MoU was signed by Mr. Hamad Buamim, President and CEO of Dubai Chamber, and Mr. Braulio Martins, President, and CEO of Angola-UAE Chamber of Commerce and Industry, in the presence of officials and representatives from both chambers.
Mr. Hamad Buamim, President and CEO of Dubai Chamber stated that the MoU is a significant move that will strengthen economic links between Angola and Dubai while also opening up new commercial opportunities.
“With four representative offices located in Africa, Dubai Chamber looks forward to providing all necessary assistance and support to ensure that Dubai-Angola business relations continue to flourish,” Mr. Buamim added.
Braulio Martins President & CEO Angola-UAE Chamber
“This agreement will lead to abiding bonds between the business communities of Angola and Dubai by promoting and facilitating economic and commercial cooperation in accordance with the relevant laws and regulations. In addition to fostering a favorable business environment, the agreement promotes joint ventures through – among other initiatives – the organizing of business missions, study trips, seminars, training, symposiums and commercial events for the benefit of both our chambers’ members.”
As per the terms of the MoU, two chambers will encourage trade in their respective countries, exchange information on trade possibilities and investment potential, organize prospective business missions, study trips, commercial events, trade fairs, exhibitions, seminars, and training sessions for the mutual benefit of their members. Further, the chambers will send and receive business delegations as well as foster joint ventures among their members.
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