The Abu Dhabi Investment Office (ADIO) has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of the United States (EXIM) to enhance economic collaboration and boost trade between the United Arab Emirates and the United States. The agreement, signed during Abu Dhabi Finance Week (ADFW) under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, reflects the shared commitment to fostering sustainable growth and innovation.
The MoU, signed by ADIO Director General Badr Al-Olama and EXIM President Reta Jo Lewis, focuses on strengthening ties across critical sectors, including energy, critical minerals, infrastructure, telecommunications, and emerging technologies. Key objectives include advancing renewable energy solutions like green hydrogen and energy storage, bolstering supply chains for critical minerals, and driving innovation in biotechnology, AI, semiconductors, and quantum computing.
Additionally, the partnership aims to support infrastructure development, particularly in innovative transportation systems, and facilitate the rollout of 5G networks. It also includes provisions for knowledge sharing, capacity building, and support for small- and medium-sized enterprises (SMEs), with a special focus on women-owned businesses.
Speaking on the collaboration, Badr Al-Olama stated, “By connecting the US’ dynamic business ecosystem with Abu Dhabi’s forward-thinking economic vision, this collaboration with EXIM is set to lay the groundwork for transformative trade and investment opportunities in critical sectors. Together, we are well-positioned to empower investors and businesses to thrive amid a rapidly evolving global landscape, while contributing to a resilient economic future.”
Reta Jo Lewis highlighted the economic impact of the partnership, noting that US exports to the UAE exceeded $24 billion in 2023. She emphasised EXIM’s role in helping US companies expand their reach in the Middle East through Abu Dhabi, a gateway for innovation and investment.
The Abu Dhabi Investment Office, instrumental in driving the emirate’s economic transformation, has been a catalyst for global partnerships. Through initiatives like its earlier collaboration with Bahamian climate tech company Partanna, ADIO is positioning Abu Dhabi as a regional hub for innovation. The partnership with Partanna, announced during Abu Dhabi Business Week, aims to establish a facility producing carbon-negative building materials, addressing the global cement industry’s significant carbon footprint.
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