ABU DHABI, Abdulla Mohamed Al Mazrui, Chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI), highlighted the importance of the current edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
Al Mazrui said, “This year’s edition of ADIPEC consolidates the UAE’s leading position in the global energy sector and the country’s significant role in confronting the challenges of climate change.
The UAE adopts a strategic approach for achieving its sustainable development goals by launching promising initiatives that bring the public and private sectors together to build a better future”
He added, “Some of the country’s major initiatives include the National In-Country Value (ICV) Programme, which aims to promote the diversification of the GDP, stimulate FDI, create valuable job opportunities in the private sector, and increase the private sector’s contribution to the national economy, among other benefits. The UAE has also launched the Net Zero 2050 strategic initiative, which seeks to enhance cooperation between the public and private sector and diversify energy sources.”
During the past five years, new membership registrations at Abu Dhabi Chamber in the oil and gas private sector expanded at a CAGR of 13.46% annually to reach more than 560 companies in October 2022.
The growth in membership reflects the strong expansion that is taking place in Abu Dhabi’s private oil and gas sector, which is set to continue, driven by ADNOC’s commitment to provide more opportunities to domestic businesses under the ICV programme.
He commented on Abu Dhabi Chamber’s participation in ADIPEC 2022, saying, “We are proud to be supporting ADIPEC, the world’s biggest forum in the energy and oil sector. As Abu Dhabi Chamber is working towards driving the growth of the Emirate’s private sector and building a knowledge-based economy, we are glad to support the growth of the oil, gas, energy, and technology sectors as part of our participation in this global event.
“Abu Dhabi Chamber has a wide range of services that meet the requirements of every private business, from fostering strategic networking opportunities, providing guidance and industry insights to serving as the medium of communication between the private sector and the UAE government. We support private companies to reach their business objectives and contribute to Abu Dhabi’s economic growth and sustainable development.”
“In the upcoming period, we will continue to enhance our services to allow members to access major growth opportunities. We will also strengthen the dialogue between the private sector and government to drive a hospitable business environment that would serve as a model for private sector/government relationships across the world. As part of ADIPEC 2022, we would like to reaffirm our commitment to supporting the private sector and contributing to its growth,” he added.
Source: Emirates News Agency