Angola, UAE to Strengthen Bilateral Investment

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and Angola-UAE Chamber of Commerce and Industry have signed a cooperation agreement and Memorandum of Understanding to foster investment opportunities between the two countries.

The agreements – signed on June 12 between ADCCI CEO Ahmed Khalifa Al Qubaisi and Angola-UAE Chamber of Commerce and Industry President Bráulio Mohammed Martins – aim to enhance bilateral economic relations, while generating new opportunities for investors, businesses and entrepreneurs.

With over 63 Angolan companies operating in the UAE – spanning various sectors including automotive, electronics, gold and diamond trading – the move comes as the two nations seek to bolster cooperation and trade.

A similar agreement was signed between the ADCCI and Angola-UAE Chamber last month,  which sought to reinforce business partnerships between the two countries.