Abu Dhabi, Wednesday 9 December 2009: Abu Dhabi Council for Economic Development (ADCED) and the Department of Economic Development (DED) signed a Memorandum of Understanding (MOU) to further strengthen their collaboration and partnership. 

ADCED and DED, in their continuous efforts to achieve the highest level of effectiveness in developing economic policy for Abu Dhabi, will facilitate the exchange of data, strategies, views, information and policies between the two organizations. In addition, they will conduct joint studies & research projects and also develop joint activities such as conferences, seminars, workshops and training courses. Representatives of both ADCED and DED will meet periodically to follow up, monitor and evaluate their joint programs and activities.

H.E Fahad Saeed Al Raqbani, Deputy Director of the Abu Dhabi Council for Economic Development, H.E Mohamed Omar Abdullah, Undersecretary of the Department of Economic Development signed the agreement at a ceremony which was held at ADCED's office.

H.E Mohamed Omar Abdullah stressed the significance of co-operation; he stated: "The MOU will now allow us to put both our efforts together to deliver our aims". H.E Mohamed Omar Abdullah also encouraged the follow up and is anticipating improvement in the partnership between the two organizations.   

In highlighting the importance of the co-operation between DED & ADCED, H.E Fahad Saeed Al Raqbani said, "We are pleased to sign the MoU with the Department of Economic Development Our teams have already worked together in important projects such as The Abu Dhabi Economic Vision 2030. Our two organizations are seeking to achieve the same objective, ensure the continued success of the Emirate's economic development. Together we will promote and participate in a number of workshops and seminars. We are looking forward to further develop our collaboration"

The signing ceremony was also attended by senior staff from both organizations. Representing DED were: Mr. Saeed Ghanem Bin Hamooda - Executive Director, Policies & Legislations Sector; Mr. Ghanem Mohammed Almazroui - Executive Director, Supportive Service Affairs Sector; Dr. Habib M. Wazir - Policies & Regulations Department; and Mr. Mubarak Al Mansoori - Chief Public Relation and Media Officer. Representatives of ADCED were: Ms. Dima Al Bawardi, Corporate Affairs Division and Mr Maktoom Al Mazrouei, Head of Human Resources.

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About Abu Dhabi Council for Economic Development:
The Abu Dhabi Council for Economic Development (ADCED) was established by Law No. 9. in May 2006. Acting as an economic policy advisory council, ADCED was established to facilitate economic diversification and growth through creating greater understanding, cooperation and engagement between the public and private sectors of the emirate of Abu Dhabi. The Council is chaired by HH Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council; the Vice Chairman is HH Sheikh Hamed Bin Zayed Al Nahyan, Crown Prince Court Chairman. Headquartered in Abu Dhabi City, ADCED is comprised of a 19-member board. The board includes six members representing the government of Abu Dhabi, five representing the Abu Dhabi Chamber of Commerce and Industry (ADCCI), five representing the Private Sector and three representing the Business Councils.

Our Vision
To bring together business and government leaders with the aim of making Abu Dhabi an international economic hub, boasting a world-class economic environment with sustainable growth.

Our Mission
To develop policy recommendations and kick-start initiatives that promote sustainable and diversified economic growth by improving Abu Dhabi's infrastructure and business environment, and enhancing human capital.

For further information, please contact:
ABU Dhabi Council For Economic Development (ADCED):
Mr. Youcef Azrgui, Corporate Affairs Division Manager
Tel:  +971 2 4189999 Ext: 914
Email: youcef.azrgui@adced.ae 
Website: www.adced.ae 

Department of Economic Development (DED):
Jalal. A. Almassabi, Specialist Media
Tel:  +971 (2) 6723032
Email: gamasaabi@adeconomy.ae 
Website: www.adeconomy.ae  

© Press Release 2009