Japan aims to strengthen cooperation with the UAE, opening valuable opportunities for exploring new investment routes and developing mutual business relations. "This is a significant achievement that contributes to improving economic partnership between Japan and the UAE," said Deputy Governor Nakajima.
He also emphasized the importance of regulatory reforms, improving conditions for business and digital integration for global business, working closely with Japan to create a future that strengthens economies, enriches communities, and inspires future generations.
At the Abu Dhabi trade and industry forum, the Abu Dhabi Chamber of Commerce and the Japan External Trade Organization (JETRO) signed a memorandum on cooperation to deepen business relations and create new opportunities for collaboration between Abu Dhabi and Japan. This strengthens the common vision for promoting long-term trade and sustainable growth, especially in innovations, sustainable development, and advanced technologies.
The chairman of the Abu Dhabi trade and industry chamber, Ahmed Jasem Al Zaabi, noted: "Japan has played a key role in shaping our development, from the initial planning to industrial growth, and remains one of our main trading partners."
He also underlined the role of trade in this economic growth, pointing to the strong indicators of Abu Dhabi's diversification of the economy. As part of the initiatives to strengthen partnerships across borders and stimulate economic growth, the Abu Dhabi Chamber conducted the Abu Dhabi - Japan Forum in Tokyo with the participation of the UAE ambassador to Japan.
"The memorandum on cooperation with JETRO is a key step in strengthening economic ties between Abu Dhabi and Japan, and the forum provides a valuable platform for attracting investments, fostering innovations, and developing sustainable partnerships in key industries."
At the same time, UAE investments in Japan have grown significantly, with the country attracting over 80 percent of all Japanese investments in the Middle East. The trade volume between the UAE and Japan has grown by 11.9% annually over the last five years.
"Our advanced infrastructure, business-friendly ecosystem, programs to create smart cities, and quality of life can attract global specialists, entrepreneurs, and investors," emphasized Shams Al-Daheri and Nobuyuki Nakajima, noting the start of a new phase of cooperation.
It is noted that the non-oil trade is expected to grow by 9% in 2024, while the export of non-oil goods is projected to grow by 86.4% during the same period.
