Browsing: Sustainable Development

In line with efforts to strengthen cross-border partnerships and drive economic growth, the Abu Dhabi Chamber of Commerce & Industry (ADCCI) hosted public and private sector leaders at the Abu Dhabi–Japan Business Connect Forum in Tokyo in presence of the UAE Ambassador to Japan, H.E. Shihab Al Faheem to explore key investment opportunities and exchange ideas on advancing sustainable development and innovation.

H.H. Sheikh Saud bin Saqr Al Qasimi, Member of the UAE Supreme Council and Ruler of Ras Al Khaimah, emphasised that economic and investment collaborations with key strategic partners are essential for driving economic progress, promoting sustainable development, and elevating Ras Al Khaimah’s position as a prominent hub for business success and corporate expansion.

In a strategic move to empower UAE exporters and advance the nation’s economic diversification goals, the Abu Dhabi Exports Office (ADEX) has signed a US$ 235 million (AED 863 million) syndicated loan agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and Commercial Bank of Dubai (CBD) to support Trafigura, a market leader in the global commodities industry, to acquire commodities originating from the UAE. The agreement underscores ADEX’s commitment to strengthening the UAE’s position as a globally competitive trade hub while accelerating the country’s sustainable economic development.