The Emirates Chambers of Commerce and Industry has signed a memorandum of understanding with the Angola Chamber of Commerce and Industry to establish the “Emirates-Angola Business Council,” aimed at strengthening economic ties and expanding joint investment opportunities.
This agreement was finalized during an official visit by an Emirati economic delegation to the Angolan capital, Luanda. The memorandum was signed by Abdullah Sultan Al Owais, Vice President of the UAE Chambers Federation and Chairman of the Sharjah Chamber of Commerce and Industry, and Vicente Soares, President of the Angola Chamber of Commerce and Industry, in the presence of various officials and business representatives from both sides.
Abdullah Sultan Al Owais emphasized that the establishment of the “Emirates-Angola Business Council” marks a significant milestone and a vital platform for enhancing the distinguished bilateral relations between the two friendly nations, which are progressing rapidly in various fields. He stated, “We aim, through this council, to provide promising and direct opportunities for companies and institutions in both countries, leveraging the full support from the UAE Chambers Federation and the Angola Chamber of Commerce and Industry.”
Furthermore, Al Owais clarified that the council would systematically initiate numerous trade and promotional activities across various targeted economic sectors as part of their joint cooperation agenda. It will also offer an effective platform for business owners and investors to showcase their activities, establish sustainable business and investment partnerships, and open up new qualitative avenues for collaboration.
Strategic Partnerships
The Angolan representatives lauded the establishment of the joint business council, viewing it as a crucial step in translating mutual interest into tangible projects. They expressed the readiness of the Angolan business community to foster strategic partnerships through the council, deepen economic dialogue, facilitate interaction between business sectors, and exchange information regarding promising opportunities and markets in both countries.
The memorandum of understanding stipulates that the council will facilitate ongoing interactions between the business communities of both nations, exchange information about commercial and investment opportunities, as well as the relevant regulations governing them. Additionally, it will organize exhibitions, conferences, and reciprocal visits of trade delegations to serve the mutual economic interests.