ADIO and EXIM Sign MoU to Boost US-UAE Trade and Economic Collaboration

The Abu Dhabi Investment Office (ADIO) has entered into a Memorandum of Understanding with the Export-Import Bank of the United States (EXIM) aimed at enhancing economic cooperation and bolstering trade relations between the United States and the United Arab Emirates.

The Memorandum of Understanding was executed during Abu Dhabi Finance Week (ADFW), which took place under the auspices of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chair of the Abu Dhabi Executive Council, by Badr Al-Olama, Director General of ADIO, along with Reta Jo Lewis, President and Chair of EXIM’s Board of Directors.

Through this pact, ADIO and EXIM aim to enhance the enduring partnership between Abu Dhabi and the United States by fostering sustainable economic growth and increasing trade, as well as examining options for assistance concerning credit lines and guarantees.

The signing of the MoU represents an important achievement in promoting the import and export of raw materials, services, and technology, especially in priority sectors essential for the future of both Abu Dhabi and the US, including energy, critical minerals, infrastructure, telecommunications, and emerging technologies.

This agreement seeks to promote renewable energy options such as green hydrogen and energy storage technologies, enhance crucial mineral supply chains, and encourage innovation in biotechnology, artificial intelligence, semiconductors, and quantum computing.