The Abu Dhabi Chamber of Commerce and Industry has entered into a collaboration agreement with the Emirates Growth Fund aimed at accelerating the growth of small and medium-sized enterprises (SMEs) and enhancing their competitive capacities. This initiative particularly focuses on priority sectors such as manufacturing, food security, healthcare, and advanced technology, as well as fostering innovation and entrepreneurship to support sustainable economic transformation in Abu Dhabi.
Signed by H.E. Ali Mohammed Al Marzooqi, Director General of the Abu Dhabi Chamber, and Khalifa Al Hajeri, CEO of the Emirates Growth Fund, the agreement was finalized in the presence of various board members and officials from both sides, along with representatives from the business community during the Abu Dhabi Financial Week events.
The agreement outlines that the Abu Dhabi Chamber will work in conjunction with the Emirates Growth Fund to empower family-owned and emerging SMEs by enabling them to access investment opportunities and enhance their contributions to value chains within strategic economic sectors. This will be achieved by supporting their growth and expansion initiatives, promoting corporate governance, and facilitating connections with investors and commercial partners in Abu Dhabi and globally.
Additionally, the agreement aims to provide innovative investment solutions and future partnership models for companies with promising potential, thereby enhancing their contributions to the national economy and supporting their long-term competitiveness.
On this occasion, H.E. Shams Ali Al Dhaheri, the Second Vice Chairman of the Abu Dhabi Chamber and Managing Director, stated that the signing of this agreement reflects the chamber’s commitment to strengthening the role of SMEs and providing innovative solutions that enhance their competitive capabilities. He noted that this cooperation would support economic growth and the development of the manufacturing and entrepreneurship sectors, aligning with the emirate’s priorities of building a knowledge-based economy driven by innovation and the development of national competencies.
Khalifa Al Hajeri added that the agreement emphasizes the collaborative effort to empower promising enterprises by providing long-term venture capital and facilitating access to value-creation tools. He affirmed that the fund aims to support entrepreneurs and companies in their growth phases, enabling them to transform their projects into scalable and competitive business models through innovative future methodologies.
Ali Mohammed Al Marzooqi highlighted that the agreement demonstrates the chamber’s dedication to forming strategic alliances with leading entities in the fields of finance and investment, enhancing the role of the private sector and aiding national companies during their growth and expansion stages. He emphasized that collaboration with the Emirates Growth Fund extends the chamber’s approach of empowering businesses through providing practical and impactful solutions grounded in innovation and sustainability.
This agreement aligns with the Abu Dhabi Chamber’s roadmap for 2025-2028, which seeks to empower the private sector and strengthen its role in fostering sustainable development while establishing the emirate as a leading global business, investment, and innovation hub through strategic partnerships that create a competitive and supportive business environment for economic growth.
The Emirates Growth Fund serves as the nation’s primary platform for venture capital, offering long-term minority investment capital and strategic partnerships with promising companies in priority sectors including manufacturing, food security, healthcare, and advanced technology. The fund targets established SMEs in the UAE that show significant growth potential, and alongside capital, provides effective support in value creation to help companies enhance their capabilities, achieve sustainable expansion, and transition into competitive firms that contribute to the country’s diverse economy.