Abu Dhabi and Japan Partner to Boost Trade and Innovation

by News Desk 1 month ago Technology ADCCI JETRO

Forum spotlighted investment opportunities in priority sectors as Abu Dhabi’s non-oil exports surged by 86.4% in the past five years.

As part of its ongoing mission to enhance international partnerships and stimulate economic development, the Abu Dhabi Chamber of Commerce & Industry (ADCCI) convened a high-level delegation of public and private sector leaders at the Abu Dhabi–Japan Business Connect Forum in Tokyo. The forum, held in the presence of the UAE Ambassador to Japan, H.E. Shihab Al Faheem, focused on identifying strategic investment prospects and fostering dialogue on innovation and sustainable development.

Addressing the Forum, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADCCI, said: “Japan has played a pivotal role in shaping our development, from urban planning to industrial growth, and it remains one of our top trading partners.” H.E. noted that UAE’s trade with Japan has grown at a compound annual growth rate (CAGR) of 11.9% over the past five years. During the same period, the UAE’s investments in Japan more than doubled, while the country attracted over 80 percent of all Japanese investments in the Middle East.

H.E. added: “Our advanced infrastructure, business-friendly ecosystem, smart city and quality of life initiatives have helped us attract global talent, entrepreneurs, and investors. Trade has been a key enabler of this economic growth,” pointing to Abu Dhabi’s strong track record in economic diversification. H.E. noted that non-oil trade rose by 9% in 2024, while non-oil exports surged by 86.4% during the same period.

Championing Business-Friendly Reforms and Digital Integration

Addressing attendees at the forum, H.E. Al Faheem underscored the pivotal role of regulatory modernization, improved ease of doing business, and the integration of digital systems in facilitating global trade. He highlighted the UAE’s commitment to collaborating closely with Japan in building a progressive, resilient economy that uplifts societies and inspires future generations.

Strategic Agreement to Boost Trade and Innovation

A key outcome of the forum was the signing of a Memorandum of Understanding (MoU) between ADCCI and the Japan External Trade Organization (JETRO). This agreement aims to strengthen bilateral trade ties and open new avenues for cooperation in areas such as sustainability, technological innovation, and advanced industries—reflecting a joint commitment to long-term economic partnership.

Formalizing the Partnership: MoU Signing Ceremony

The MoU was officially signed by H.E. Shamis Al Dhaheri, Second Vice Chairman and Managing Director of ADCCI, and Nobuyuki Nakajima, Managing Director of JETRO MENA. Witnessed by Ambassador Al Faheem, the signing marked a significant milestone in Abu Dhabi and Japan’s collaborative journey, laying the groundwork for expanded engagement and mutual economic growth.

H.E. Shamis said: “The MOU with JETRO marks a key step in deepening economic ties between Abu Dhabi and Japan, while the forum provides a valuable platform to drive investment, foster innovation, and build sustainable partnerships across key industries. By aligning around our shared values — growth, sustainability, and technological progress — we are not only unlocking new business opportunities, but also contributing to a more connected and prosperous global economy.”

Mr. Nakajima echoed the sentiment, adding: “This is a significant milestone in enhancing the economic partnership between Japan and the UAE. Japan is committed to expanding its collaboration with the UAE, and this offers an invaluable opportunity to explore new investment avenues and foster mutually beneficial business relationships. As both nations focus on innovation, sustainability, and digital transformation, we are confident that this event will pave the way for groundbreaking partnerships that will shape the future of both our economies.”

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