ADIO And EXIM Forge MoU To Boost US-UAE Trade In Key Sectors

The agreement seeks to strengthen the long-standing relationship between Abu Dhabi and the US by driving sustainable economic growth and boosting trade, besides exploring avenues of support related to credit lines and guarantees.

It also marks a significant milestone in facilitating the import and export of raw materials, services and technology, particularly in priority sectors such as energy, critical minerals, infrastructure, telecommunications and emerging technologies.

The MoU was signed by Badr Al-Olama, Director General of ADIO, and Reta Jo Lewis, President and Chair of the Board of Directors at EXIM, during Abu Dhabi Finance Week.

This agreement aims to advance renewable energy solutions like green hydrogen and energy storage systems, strengthen critical mineral supply chains, and foster innovation in biotechnology, AI, semiconductors and quantum computing.

In telecommunications, the collaboration is intended to focus on supporting the rollout of 5G networks, while other infrastructure projects will target transformative advancements in transportation systems.

Badr Al-Olama, Director General of ADIO, said Abu Dhabi is committed to forging impactful, global partnerships that drive innovation and bolster the emirate’s international trade.

“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,” he said.

Reta Jo Lewis, President and Chair of the Board of Directors at EXIM, said the new partnership with ADIO will further expand the reach of US companies into the Middle East through Abu Dhabi, a global gateway for investment and innovation.

“We look forward to collaborating with ADIO and delivering sustainable economic benefits for both regions,” Jo Lewis said.

The US exported over $24 billion to the UAE in 2023.