UAE inks MoU with Senegal to establish Joint Business Council

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
Representational Image

The United Arab Emirates has signed a Memorandum of Understanding (MoU) with Senegal to establish a joint Emirati-Senegalese business council, with the aim to improve the partnership between the Emirati and Senegalese business communities.

The MoU was signed in the presence of Mr. Macky Sall, President of the Republic of Senegal, on the sidelines of the Senegalese Business Forum, which was held at the Dubai Ports pavilion at Expo 2020.

Further, it was inked by Mr. Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of Abu Dhabi Chamber, and by Mr. Aba Traore and Mr. Elimane LAM on behalf of the Consortium of Employer’s Unions of Senegal.

During the occasion, Mr. Al Mazrouei emphasized the keenness of the state chambers to enhance cooperation with the private sector in the two friendly countries through this council. Further, he pointed out the interest of Emirati business owners in learning about the investment opportunities available in Senegal through this council.

Mr. Al Mazrouei remarked that the state chambers are ready to help Senegalese business owners and investors, who are wishing to establish direct or joint projects in the UAE, as well as support them for the successful investments and collaborations that exist between Emirati and Senegalese companies.

Earlier this year, UAE And Japan agreed to establish a UAE-Japanese business council to improve the partnership between the business communities of the both countries. This council will help to create opportunities for firms in both countries, generate added value from joint investments, offer information and services to investors, and so on.

Related: Saudi Arabia, Sweden launch business council to strengthen bilateral relations