Abu Dhabi Chamber launches new strategy to boost economy

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) launched its new three-year strategy on Thursday.

The chamber aims to empower the private sector in the emirate and enhance its competitiveness.

“The chamber already went through an organisational transformation on an internal level, which will play a key role in driving productivity and excellence to overcome any upcoming challenges,” said Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, at the launch of the strategy.

“The Abu Dhabi Chamber’s new strategy is focused on empowering the private sector in the emirate of Abu Dhabi and supporting it in reaching its full potential in a competitive business environment, by facilitating trade exchange opportunities,” he added.

In its 2023-2025 strategy, the chamber focused on six strategic objectives. These include: being a primary advocate for the private sector and the main communication channel between the private sector and the emirate’s government; being a leader of the primary private sector committees in Abu Dhabi; being the go-to entity for identifying relevant local and international business partners; being the primary platform for ecosystem navigation; being a fully digital service provider for Abu Dhabi businesses; and becoming the go-to entity for private sector data and insights.

“Since its establishment in 1969, the Abu Dhabi Chamber of Commerce and Industry has provided a supportive, flexible, and inclusive environment to businesses in Abu Dhabi,” added Mohamed Helal Almheiri, Director-General of Abu Dhabi Chamber.

“Over the past three years, Abu Dhabi’s private sector has witnessed rapid growth. For the next three years, the chamber aims to achieve further success by bringing the private and public sectors together.”

The Abu Dhabi Chamber is also aiming to launch an arbitration centre in the imminent future, that will convene international best practices for the region and local businesses to avail alternative dispute resolution practices.

As a policy advocator, the chamber will serve as an interface between the private sector and the government, and run sectorial committees and working groups. It will also organise regulation consultations and campaigns to support the private sector in understanding relevant regulations, as well as organise B2G conferences.

As a networker, the chamber will work with different stakeholders with the aim of uncovering opportunities within the ecosystem. It will continue to organise B2B matchmaking events, which aim to convene local companies with relevant local and international partners to promote trade and contribute to economic growth.

As part of its role as a service provider, the chamber aims to be a platform for economic ecosystem navigation and will offer digital and advisory services, including, legal advice, legal mediation, attestation, and official documentation services like the certificate of origin.

Abu Dhabi’s GDP grew 11.2 per cent in the first half of 2022, while its quarterly GDP growth rate hit 11.7 per cent, its highest in six years, during Q2 2022.

Read: Abu Dhabi’s GDP grows 11.2% in the first half of 2022