Abu Dhabi Chamber Secures New US Agreements Following 50 Percent Rise in American Memberships
Enhanced US Partnerships Highlight Abu Dhabi’s Global Business Appeal
A Surge in US Corporate Memberships in Abu Dhabi
The Abu Dhabi Chamber of Commerce and Industry has reported a remarkable increase in US corporate memberships, alongside strategic collaborations with key American business entities. This development highlights the strengthening trade and investment ties between Abu Dhabi and the United States. Between 2019 and 2024, the Chamber witnessed a compound annual growth rate (CAGR) of nearly 53% in US corporate memberships, with a notable 50% surge in 2024 alone. This growth underscores Abu Dhabi’s burgeoning status as a premier global investment destination.
Diverse Sectors Driving Growth
Data indicates that almost half of US firms associated with the Abu Dhabi Chamber are involved in the wholesale and retail trade sectors. Other significant sectors include:
- Vehicle Repair
- Professional, Scientific, and Technical Services
- Construction (8%)
- Mining and Quarrying (7%)
- Communications and Information Technology (6%)
- Hospitality (6%)
- Administrative Services (5%)
The diversity in these sectors highlights Abu Dhabi’s robust potential as a business hub, offering room for further diversification and innovation.
Strategic Partnerships with US States
During an economic delegation visit to New York City from September 30 to October 2, the Abu Dhabi Chamber forged two significant cooperation agreements:
- North Carolina Chamber of Commerce
- Texas Association of Business
These agreements aim to bolster Abu Dhabi’s business community, increase the UAE’s private sector presence in the US, and align with the Chamber’s 2025-2028 roadmap, which focuses on innovation and empowering the private sector.
Goals of the New Partnerships
| North Carolina Chamber Agreement | Texas Association of Business |
|---|---|
| Promotes joint investments | Fosters trade and industrial cooperation |
| Facilitates exhibitions and forums | Encourages entrepreneurship |
| Supports information exchange | Promotes advanced technologies |
Both agreements emphasize the importance of intellectual property protection and maintaining confidentiality in shared information.
Commitment to Sustainable Growth
Shamis Al Dhaheri, Second Vice Chairman and Managing Director of the Abu Dhabi Chamber, highlighted the Chamber’s commitment to enhancing Abu Dhabi’s reputation as a global business hub through initiatives supporting international companies. Al Dhaheri emphasized the significant role American businesses play in the city’s economic landscape, pledging ongoing support to foster a resilient and sustainable economy.
Future Prospects and Economic Collaboration
Looking ahead, the Chamber foresees continued growth in American corporate investments in Abu Dhabi, especially in sectors driven by innovation and advanced technologies. Ongoing economic dialogues, trade missions, and joint investment forums will remain key to promoting collaboration and market expansion, benefiting both the UAE and the US.
