The Federation of UAE Chambers of Commerce and Industry has signed a Memorandum of Understanding with the Chamber of Commerce and Industry of Angola to establish the UAE–Angola Business Council, marking a significant step in strengthening bilateral economic ties and boosting investment opportunities.
The agreement was concluded during an official UAE economic delegation’s visit to Luanda. It was signed by Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers and Chairman of SCCI, and Vicente Soares, President of the Angolan Chamber.
Al Owais described the new council as a milestone that will create tangible opportunities for enterprises in both markets, supported by chambers on both sides. The council will focus on priority sectors, launching commercial initiatives and promotional programmes to drive collaboration.
Angolan representatives welcomed the council as a mechanism to turn shared interests into actionable initiatives. Both sides highlighted plans to facilitate joint exhibitions, trade missions, and knowledge exchange, providing a platform for entrepreneurs and investors to expand partnerships and explore new markets.
News Source: Emirates News Agency
