These 3 Abu Dhabi banks have partnered with ADCCI

The partnerships seek to introduce members and investors to a range of services, promotional packages, and financing assistance programmes

by Gulf Business

September 24, 2023

Image courtesy GIUSEPPE CACACE/ Getty Images

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has partnered with three local banks, as part of the chamber’s broader strategy to support economic growth and advance the investment climate in collaboration with local and international entities.

The MoUs were signed with the Abu Dhabi Islamic Bank (ADIB), Al Maryah Community Bank, and Wio Bank.

The agreements aim to facilitate the access of ADCCI’s members, entrepreneurs, and investors in the UAE and overseas unique and comprehensive banking services in the UAE and Abu Dhabi.

The partnerships seek to introduce members and investors to a range of services, promotional packages, and financing assistance programmes.

They also aim to educate members and investors about the necessary procedures to leverage these valuable services, to drive the growth of their business.

“We are aware of the role of the banking sector as a vital instrument to attract foreign investments and a fundamental pillar for enhancing the business environment and improving its diversity and competitiveness,” said Abdulla Mohamed Al Mazrouei, the chairman of ADCCI.

Al Mazrouei said the partnerships with ADIB, Al Maryah and Wio will play a key role in advancing the business community in the emirate and activating its effective role.

The banks will also provide opportunities for enterprises of all types and sizes to contribute to shaping the national economic landscape.

“ADCCI realises that banking assistance programmes and services play a pivotal role in supporting businesses and projects, attracting investments, and driving economic diversification. The banking sector serves as a key player in driving the growth of the business community and enhancing economic stability,” said Ahmed Khalifa Al Qubaisi, CEO of ADCCI.

ADCCI’s partnership agreements

ADCCI said it will leverage the MoUs to introduce its members and partners to the distinguished service packages and banking solutions provided by the banks.

“This will support them in developing their businesses and enhancing their commercial and investment activities, contributing to driving sustainable economic development in Abu Dhabi,” the chamber said in a statement.

ADIB

The partnership with ADIB paves the way for the two entities to introduce the chamber’s members to the bank’s services targeted at investors while driving more participation in ADCCI events and initiatives.

The two entities will support the growth of investment in the private sector and provide the required advice and information to investors and the chamber’s visiting delegations.

“Through our ongoing partnership with the Abu Dhabi Chamber, we reaffirm our commitment to developing a dynamic business ecosystem that bolsters the growth of our financial and economic sectors,” said Dr Amer Al Ameri, head of Private Banking at ADIB.

Al Maryah Community Bank

ADCCI and Al Maryah agree to facilitate the processes of managing and financing projects for members of the Abu Dhabi Chamber. The digital bank will provide investors with innovative banking services to develop their projects and manage their finances effectively and safely, including bank account opening services.

The bank will also provide other services including online and mobile banking, savings and current accounts, Wages Protection System (WPS), overdrafts, loans, and trade finance, among others.

“Our joint efforts reflect our commitment to promoting the development of local enterprises in Abu Dhabi,” said Mohammed Wassim Khayata, CEO of Al Maryah Community Bank.

Wio Bank

Under the agreement with Wio Bank, the two entities will collaborate to host exhibitions, conferences and workshops that focus on topics of interest to both sides. ADCCI and Wio Bank will organise initiatives and projects to foster entrepreneurship and advance the investment climate in Abu Dhabi.

“We support entrepreneurs in their daily operational activities and empower them to achieve their ambitions of expanding their businesses by reducing transaction costs and benefitting from a comprehensive package of competitive banking services,” said Jamal Al Awadhi, COO at Wio Bank.