Abu Dhabi is reinforcing its trade relationship with the United States, with a delegation spearheaded by the Abu Dhabi Department of Economic Development (ADDED) actively engaging in the US. The delegation’s visit to New York marked a significant step in strengthening ties through the signing of agreements intended to foster cooperation across various sectors like start-ups, family businesses, digital infrastructure, new energy, advanced manufacturing, and financial services.
Under the leadership of Ahmed Jasim Al Zaabi, Chairman of ADDED, the delegation comprised over 100 senior representatives from both government and private sectors. Key figures included Ghannam Al Mazrouei, Chairman of the Abu Dhabi Securities Exchange (ADX) Group, and Rashed Lahej Al Mansoori, Director General of Abu Dhabi Customs. They conducted over 40 strategic meetings with US officials, businesses, and investors, emphasising opportunities and potential ventures.
A highlight of these efforts was the ADX Investor Conference in New York, held in collaboration with Morgan Stanley, where 15 major Abu Dhabi-listed companies, representing a market capitalisation exceeding $300 billion, engaged in targeted discussions with US institutional investors. ADX aims to cement Abu Dhabi’s position as a leading financial hub, gaining recognition as one of the fastest-growing exchanges globally.
Al Zaabi expressed confidence in the evolving partnership with the United States, attributing growth in non-oil trade, which surged by 28.4% in the last five years, as evidence of the robust relationship. He underscored the importance of mutual investments, which are not only expanding but are also propelling sectoral growth and job creation.
The Abu Dhabi Investment Forum, held in New York during the visit, facilitated panel discussions and networking opportunities, solidifying its aim to encourage bilateral partnerships through dialogue on Abu Dhabi’s high-growth sectors.
