The Federation of the UAE Chambers of Commerce and Industry has signed a Memorandum of Understanding (MoU) with the Chamber of Commerce and Industry of Angola (CCIA) to establish the UAE–Angola Business Council.
The new council aims to strengthen bilateral trade relations and unlock new investment opportunities between the two countries. The agreement was concluded during an official visit by a high-level UAE economic delegation to the Angolan capital, Luanda.
HE Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of SCCI, said that the establishment of the UAE–Angola Business Council represents an important milestone and a vital platform for strengthening the distinguished bilateral relations between the two friendly countries, which continue to experience rapid progress across all fields.
Abdallah Sultan Al Owais Vice Chairman – Federation of UAE Chambers of Commerce and Industry Chairman – SCCI
“Our objective through this council is to generate tangible and promising opportunities for enterprises in both markets, benefiting from the full support extended by the UAE Chambers and the Chamber of Commerce and Industry of Angola. The UAE–Angola Business Council will adopt a structured approach to initiating diverse commercial and promotional programs in priority economic sectors identified under the cooperation agenda. The council will provide an efficient platform for entrepreneurs and investors to showcase their activities, establish sustainable trade and investment partnerships, and explore new and high-value areas of partnership.”
The Angolan side highlighted the significance of creating the joint business council, considering it an essential mechanism to transform shared interests into concrete initiatives.
According to the statement, the Angolan business community conveyed its commitment to developing strategic partnerships under the council’s framework, enhancing economic dialogue, fostering engagement between business sectors, and exchanging information on emerging opportunities and growth markets in both countries.
As per the memorandum of understanding, the UAE–Angola Business Council will facilitate ongoing interaction between the business communities of both countries by promoting knowledge exchange on trade and investment opportunities and the relevant regulatory frameworks.
The agreement also aims to facilitate organizing joint exhibitions, conferences, and reciprocal trade missions to serve the shared economic interests of the two nations.
