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Al Etihad
a day ago
- Business
- Al Etihad
Abu Dhabi Chamber launches stakeholder engagement drive to boost industrial partnerships
1 July 2025 18:49 ABU DHABI (ALETIHAD)The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has launched a long-term stakeholder engagement initiative aimed at strengthening strategic partnerships across Abu Dhabi's industrial landscape and enhancing the competitiveness of the emirate's private by Shamis Al Dhaheri, Second Vice Chairman and Managing Director of ADCCI, a Chamber delegation visited three major industrial hubs — Khalifa Economic Zones Abu Dhabi (KEZAD), Metal Park, and the China-UAE Industrial Capacity Cooperation Demonstration Zone (JOCIC Park). These sites play a vital role in implementing the Abu Dhabi Industrial Strategy (ADIS) and serve as key entry points for foreign investment.A major highlight of the visit was the signing of a Collaboration Agreement between ADCCI and Jiangsu Provincial Overseas Cooperation and Investment Company Ltd. (JOCIC), which operates JOCIC Park. The agreement is designed to unlock new opportunities for businesses in both the UAE and China by enabling direct collaboration, business matchmaking, and access to legal consultations, training, certification, and investment events.'We greatly appreciate the contributions of KEZAD Group, Metal Park, and JOCIC Park to Abu Dhabi's industrial sector, which is one of the key drivers of our sustainable economic development,' said Shamis Al Dhaheri. 'By collaborating with these entities, we intend to solidify Abu Dhabi's position as a gateway for cross-border investment and innovation, while supporting the competitiveness of Abu Dhabi's private sector.'He added that the stakeholder programme puts businesses at the centre of ADCCI's strategy and aims to create 'real opportunities' that contribute to Abu Dhabi's vision as a global hub for trade and the visited sites, Metal Park stands out as a dedicated hub for the metal industry, bringing together processing, fabrication, and storage under one roof. 'Aligned with the 'Make it in the Emirates' initiative, our mission is to position the UAE not just as a logistics hub, but as the region's premier industrial hub – particularly for metals,' said Vahid Fouladkar, CEO of Metal Park, located within KEZAD, has been instrumental in attracting Chinese investment since its launch in 2017. The site currently hosts over 40 Chinese companies, having supported cumulative investments exceeding $0.7 billion (Dh2.5 billion). An additional 10 square kilometre expansion is underway, which will include integrated accommodation for 3,000 remains one of Abu Dhabi's most important trade partners. Bilateral trade surged from $2 billion (Dh7.3 billion) in 2000 to $102 billion (Dh374.3 billion) in 2024. UAE investments in China have grown 120% over the past two decades, while Chinese company registrations with ADCCI rose by 69.4% in Chamber said the Collaboration Agreement with JOCIC underscores this growing momentum. Through the agreement, JOCIC and its clients will gain access to a wide range of Chamber services and participate in ADCCI-led economic forums and investment events. KEZAD, Metal Park, and JOCIC Park will continue to anchor the Chamber's engagement programme as ADCCI works toward shaping the future of global trade from Abu Dhabi.
Al Etihad
09-04-2025
- Business
- Al Etihad
UAE banks investments reach Dh742.9 billion by end of January
9 Apr 2025 21:44 ABU DHABI (WAM)The total investments of banks operating in the UAE rose by 1 percent month-on-month, increasing by Dh7.3 billion in January to reach Dh742.9 billion by the end of the month, marking a 16.1 percent year-on-year growth compared to January to banking indicators released today by the Central Bank of the UAE, bank investments in securities representing debt on others grew to Dh332.3 billion at the end of January, reflecting a 26.1 percent annual bonds rose by 7.9 percent year-on-year but declined by 1.1 percent month-on-month, reaching Dh335.7 investments in equities grew by 19.4 percent year-on-year, despite a 1.5 percent monthly decline, to settle at Dh19.1 billion. Other investments increased by 13.2 percent year-on-year and 2.2 percent month-on-month, reaching Dh55.8 billion at the end of investment performance coincided with a 9.5 percent annual growth in total credit, which reached Dh2.186 trillion, while total deposits grew by 11.8 percent annually to exceed Dh2.84 assets increased by 11 percent year-on-year and by 0.1 percent month-on-month to surpass Dh4.562 trillion by the end of from the banking operations released today also showed that the value of transfers processed through the UAE Funds Transfer System (UAEFTS) exceeded Dh1.786 trillion in January, reflecting a growth of more than 18 percent. This included Dh1.109 trillion in interbank transfers and approximately Dh677.64 billion in customer value of cheques cleared via image-based processing reached Dh118.48 billion in January, involving 1.956 million cheques. Cash withdrawals from the Central Bank amounted to Dh19.929 billion in January, while deposits totalled around Dh15.217 billion.
