UAE and Angola Sign MoU to Launch Joint Business Council and Strengthen Economic Ties
In a significant step towards enhancing bilateral economic relations, the Federation of the UAE Chambers of Commerce and Industry has signed a Memorandum of Understanding (MoU) with the Chamber of Commerce and Industry of Angola (CCIA) to inaugurate the UAE–Angola Business Council. This strategic collaboration aims to consolidate economic cooperation and unlock new investment opportunities between the United Arab Emirates and Angola.
The agreement was formalized during an official visit by a high-level UAE economic delegation to Luanda, the capital of Angola. The signing was conducted by Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers and Chairman of SCCI, and Vicente Soares, President of the Chamber of Commerce of Angola. The event gathered senior officials and leading representatives from both countries’ business communities.
Abdallah Sultan Al Owais stated, “the establishment of the UAE–Angola Business Council represents an important milestone and a vital platform for strengthening the distinguished bilateral relations between the two friendly countries, which continue to experience rapid progress across all fields.” He stressed that the council’s primary goal is “to generate tangible and promising opportunities for enterprises in both markets, benefiting from the full support extended by the UAE Chambers and the Chamber of Commerce and Industry of Angola.”
He further clarified that the UAE–Angola Business Council will adopt a structured approach to launching multifaceted commercial and promotional programmes in priority economic domains, as identified in the nations’ shared cooperation agenda. According to Al Owais, the new council “will provide an efficient platform for entrepreneurs and investors to showcase their activities, establish sustainable trade and investment partnerships, and explore new and high-value areas of partnership.”
For their part, the Angolan business community emphasized the crucial role of the new joint council as an essential mechanism to advance shared interests through practical initiatives. They reaffirmed their commitment to building strategic partnerships, enhancing economic dialogue, promoting business engagement, and exchanging information on emerging opportunities and growth markets in both countries.
Under the terms of the MoU, the UAE–Angola Business Council is expected to facilitate continuous interaction between the business sectors of both nations by supporting knowledge exchange on trade and investment opportunities as well as relevant regulatory frameworks. The agreement also provides for the organization of joint exhibitions, conferences, and reciprocal trade missions to advance the shared economic interests of both countries.
Team V.4-EM-UAE
