Pursuant to their awareness in the importance of solidifying their relations and developing economic and trade cooperation between their respective members, the Abu Dhabi Chamber of Commerce and Industry and the UAE-Serbia Business Club have signed a cooperation agreement at the Chamber’s office in Expo 2020 in Dubai.

His Excellency Mohamed Helal Al Mheiri, Director General of Abu Dhabi Chamber, signed the agreement on behalf of the Chamber, whereas Sanja Radlovacki, Executive Director of the Club, signed the document on behalf of her organization.

Signing the cooperation agreement comes to serve the business environment in both Abu Dhabi and Serbia and to share experiences and best practices between businesses as well as forming new partnerships.

“The business community in Abu Dhabi is very interested in strengthening trade relations with Serbia,” H.E. Al Mheiri said, calling on businesses to seize the available investment opportunities and to boost trade between the two sides.

“Abu Dhabi has become the perfect destination to start businesses and a launch pad for regional and international markets thanks to its advanced infrastructure, legislative system and investment environment, which would allow businesses in Serbia to diversify their trades and enter Asian markets smoothly to explore more opportunities,” Al Mheiri added.

For her part Ms. Radlovacki pointed to the importance of signing the cooperation agreement with Abu Dhabi Chamber, noting that the newly signed agreement would provide diverse investment opportunities for businesses in both Abu Dhabi and Serbia. She added that the agreement would have direct positive impact on strengthening the economic cooperation between the two countries.

Agreement’s Articles

The cooperation agreement states that both parties should cooperate in conducting economic studies on the markets of Abu Dhabi and Serbia, especially considering the huge Emirati investments in some key sectors in Serbia including agriculture, energy, and tourism amongst others. The agreement also states that both sides must cooperate in introducing businesses operating in Abu Dhabi and Serbia on the available investment opportunities and the prospects of growth and development in addition to full coordination in organizing trade exhibitions and exchanging visits of economic delegations while organizing economic forums for Emirati and Serbian entrepreneurs, businesses and investors.