ADCC receives U.S. Secretary of Commerce

ABU DHABI: Khalfan Saeed Al Kaabi, 1st Deputy Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), emphasized on the importance of increasing economic and investment cooperation relations between Emirati companies operating in Abu Dhabi with their American counterparts. This came during an extended meeting between Al Kaabi and Penny Pritzker, US Secretary of Commerce, which was attended by more than 200 representatives of companies from Abu Dhabi and the US.

Al Kaabi said that Abu Dhabi is experiencing phenomenal economic growth as it becomes one of the region s foremost business centers, which made it a regional business hub and gateway for global players today thanks to a competitive business environment that attracts investments from all over the world.

Al Kaabi expressed high hopes that the visit of the US delegation would open up new horizons of economic, technical and investment cooperation between the two countries.

“We hope that through our meeting today we can maintain this excellent bilateral cooperation,” he said, adding that “we believe that both our economies have the strength to forge many more long-term cooperation relations that help us achieve a lot more in terms of trade and development.” The 1st Deputy Chairman of the Chamber called on American businessmen and investors to boost their industrial investments in Abu Dhabi, especially in the sectors that were envisioned by Abu Dhabi Economic Vision 2030.

He pointed out that the UAE is one of largest trade partners to the US and is also the biggest market for American products and exports in the region. “More than 215 US firms operate in the Emirate of Abu Dhabi, enjoying the advantages of one of the most open and innovative economies. These companies contribute to the comprehensive and sustainable economic development process in the emirate,” he said.

Secretary Pritzker is leading an Infrastructure trade mission of 21 U.S. firms looking for export opportunities in the U.A.E. This is the first visit of a sitting U.S. Secretary of Commerce with an accompanying trade mission to the Gulf region in 15 years. The mission highlights infrastructure export opportunities for U.S. businesses with an emphasis on project management and engineering (construction, architecture and design), clean and renewable energy (solar, wind, waste-to-energy), smart grid and energy efficiency, and environmental technologies (water/wastewater, air pollution control, and waste management).

“I am so pleased to be joined on this trade mission by 21 U.S. firms that are eager to partner with government and industry in Abu Dhabi,” said U.S. Secretary of Commerce Penny Pritzker. “The United States and our businesses truly value our strong commercial and economic ties with the Gulf region, and recognize that working together is a win-win. American companies have the expertise to help the U.A.E. achieve its vision of becoming an even more powerful global hub for business. And when U.S. firms sell their goods and services to new markets, the American economy stands to gain. I hope this trade mission will lead to many more mutually-beneficial relationships between our two nations.”