Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed three agreements with a group of leading banks. The move comes as part of the ADCCI’s commitment to supporting economic growth in Abu Dhabi and enhancing the investment climate by collaborating with various local and international entities.
ADCCI signed agreements with the Abu Dhabi Islamic Bank, Al Maryah Community Bank, and Wio Bank, during an official ceremony, which was held at ADCCI’s building and attended by His Excellency Ahmed Khalifa Al Qubaisi, CEO of ADCCI; Dr Amer Al Ameri, Head of Private Banking at Abu Dhabi Islamic Bank; Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, and Jamal Al Awadhi, Chief Operating Officer at Wio Bank.
The agreements aim to facilitate the access of ADCCI’s members, entrepreneurs, and investors in the UAE and overseas unique and comprehensive banking services in the UAE and Abu Dhabi. They also aim to introduce members and investors to a range of services, promotional packages, and financing assistance programmes, and educate them about the necessary procedures to leverage these valuable services, to drive the growth of their business.
His Excellency Abdulla Mohamed Al Mazrouei, Chairman of ADCCI, said: “We, at the Abu Dhabi Chamber, are committed to fostering stronger collaborations with various public and private sector entities across diverse fields to achieve mutual goals, enhance the competitiveness of the business community, and drive economic development. We are aware of the role of the banking sector as a vital instrument to attract foreign investments and a fundamental pillar for enhancing the business environment and improving its diversity and competitiveness.
“Today, we are proud to sign MoUs with the Abu Dhabi Islamic Bank, Al Maryah Community Bank, and Wio Bank. These MoUs will play a key role in advancing the business community in thee and activating its effective role. They will also provide opportunities for enterprises of all types and sizes to contribute to shaping the national economic landscape. This comes in line with our wise leadership’s vision to elevate the leading position of the emirate of Abu Dhabi at the local and global levels.”
His Excellency Ahmed Khalifa Al Qubaisi, CEO of ADCCI, said: “This step solidifies the chamber's commitment to building partnerships with both local and international partners. This is one of the most prominent factors for driving economic development and supporting prosperity in the emirate of Abu Dhabi.
“The Abu Dhabi Chamber realises that banking assistance programmes and services play a pivotal role in supporting businesses and projects, attracting investments, and driving economic diversification. The banking sector serves as a key player in driving the growth of the business community and enhancing economic stability. We look forward to seeing the outcomes of these collaborations, and their support to our efforts by providing innovative solutions and the necessary facilitations to make Abu Dhabi the first choice in the Middle East and North Africa region for doing business by 2025.”
Under the terms of the agreement between ADCCI and the Abu Dhabi Islamic Bank, the two parties aim to introduce the chamber’s members to the bank’s services targeted at investors, and drive more participation in ADCCI events and initiatives. The two entities will support the growth of investment in the private sector and provide the required advice and information to investors and the Chamber’s visiting delegations.
Dr Amer Al Ameri, Head of Private Banking at Abu Dhabi Islamic Bank, said: “The signing of the MoU is a strategic step that comes as part of the bank’s plan to contribute to the growth of the economic sector in the emirate of Abu Dhabi and the UAE. Through our ongoing partnership with the Abu Dhabi Chamber, we reaffirm our commitment to developing a dynamic business ecosystem that bolsters the growth of our financial and economic sectors.
“We look forward to leveraging our joint efforts to benefit our valued customers and stakeholders and ensure their easy access to the Chamber’s rich resources and opportunities. The Bank puts a major focus on channelling these efforts towards serving our customers and partners in a manner that meets their requirements and aspirations.”
The agreement between ADCCI and Al Maryah Community Bank aims to facilitate the processes of managing and financing projects for members of the Abu Dhabi Chamber. Al Maryah Community Bank will provide investors with innovative banking services to develop their projects and manage their finances effectively and safely, including bank account opening services. The bank will also provide other services including online and mobile banking, savings and current accounts, Wages Protection System (WPS), overdrafts, loans, and trade finance, among others.
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, said: “We are very proud to partner with the Abu Dhabi Chamber to serve and develop the Emirati community, particularly local entities in Abu Dhabi. At Al Maryah Community Bank, our mission centres on enabling entrepreneurs to reach their full potential and support them with their banking and investment requirements through providing a range of smart, innovative, efficient and digital financial solutions.
“Our joint efforts reflect our commitment to promoting the development of local enterprises in Abu Dhabi. We are confident that our seamless, simple and integrated digital banking solutions will pave the way for the growth and success of businesses in Abu Dhabi and the UAE community.”
Under the terms of the agreement between ADCCI and Wio Bank, chamber members will benefit from a distinguished package of banking services and benefits delivered through the integrated financial platform of its kind in the region. The two parties will collaborate to host exhibitions, conferences and workshops that focus on topics of interest to both sides. They will also organise initiatives and projects focused on fostering entrepreneurship and further improving the investment climate within the Emirate of Abu Dhabi.
Jamal Al Awadhi, Chief Operating Officer at Wio Bank, said: “We reaffirm our commitment to this solid partnership with the Abu Dhabi Chamber, which will support us to provide unparalleled banking services to the thriving business community in the emirate of Abu Dhabi. In line with Wio Bank’s mission, we aim to empower emerging businesses by providing them with access to a comprehensive range of banking services. We support entrepreneurs in their daily operational activities and empower them to achieve their ambitions of expanding their businesses by reducing transaction costs and benefitting from a comprehensive package of competitive banking services.”
Through the signed agreements ADCCI will introduce its members and partners to the distinguished service packages and banking solutions provided by the banks. This will support them in developing their businesses and enhancing their commercial and investment activities, contributing to driving sustainable economic development in Abu Dhabi.