Abu Dhabi: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has inked a Memorandum of Understanding (MoU) with First Abu Dhabi Bank (FAB).
The MoU seeks to create a collaborative framework to optimize the investment climate and business environment in the Emirate of Abu Dhabi, in line with the Abu Dhabi Chamber’s objective to support the private sector and enhance its competitiveness.
The signing ceremony took place in the presence of Mr. Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber, and Ms. Sara Al Binali, Group Head of Corporate and Commercial Banking and Acting Group Head of International Banking at FAB, along with several officials and department heads from both sides.
Under the terms of the MoU, the two parties will inform the Chamber’s members and employees of FAB’s banking services and initiatives, streamlining the procedures for accessing these services. FAB will also have a stronger participation in events organized by the Abu Dhabi Chamber in the Emirate of Abu Dhabi.
In addition, the Abu Dhabi Chamber and FAB will collaborate to launch initiatives that foster entrepreneurship and enhance the investment environment. The two parties will also exchange knowledge, insights, and consultations to promote business and investment.
“Through its unique services, facilitations, and initiatives, First Abu Dhabi Bank contributes to support the local economy and the business community. The Abu Dhabi Chamber and First Abu Dhabi Bank share common objectives centred on advancing economic development and fostering prosperity in the Emirate of Abu Dhabi. The banking sector plays a pivotal role in attracting foreign direct investment and fostering a conducive business environment that promotes diversity, competitiveness, and growth,” Al Qubaisi added.