Abu dhabi: The UAE-Chad Trade and Investment Forum, held in Abu Dhabi, signifies a new phase of economic collaboration between the United Arab Emirates and Chad. The event concluded with the signing of a pivotal tripartite agreement, which aims to transform Chad into a leading regional hub for halal industries in Africa.
According to Emirates News Agency, the agreement was signed on the sidelines of the forum and involves the Islamic Chamber for Commerce and Development, the Chad Chamber of Commerce, and the Chadian Ministry of Trade. The accord is expected to bolster Chad’s economic development and foster joint investments between public and private sectors.
Yousef Khalawi, Secretary-General of the Islamic Chamber for Commerce and Development, highlighted that the agreement seeks to enhance the participation of both local and international private sectors in Chad’s national development plan, ‘Chad Connection 2030.’ He pointed out that Chad’s strategic location and abundant livestock resources position it ideally to spearhead Africa’s halal industry.
Ali Adji Mahamat Seid, President of the Chadian Chamber of Commerce, described the agreement as a significant milestone for Chad’s economy. He noted that the country’s livestock wealth, estimated at more than 150 million head, can drive growth through halal food production.
Ibrahim Goukoumi Nour, First Vice President of the Chamber of Commerce, Industry, Agriculture, Mines and Crafts (CCIAMA) of Chad, stated that the partnership will develop an integrated halal meat processing system with certified export labeling. He added that hosting the forum in the UAE, a global trade hub, offers a valuable opportunity for transferring expertise and technology to Africa, promoting sustainable development and stronger bilateral investment ties.
Chadian business leaders and company representatives, in statements to WAM, described the forum as a strategic platform to boost trade and investment ties, promising extensive benefits for development in Chad and across Africa. They noted that the UAE’s advanced market, investment climate, and global trade networks make it an ideal partner for Chad’s emerging economy.
Falmata Barma, Manager of Barma and Co., Belgium, and representative of the Chadian Diaspora Benelux, emphasized that the forum reflects efforts by Chadians abroad to connect investors with development opportunities in Chad. She explained that the Diaspora Benelux focuses on attracting capital and expertise to support projects in agriculture, energy, housing, and education.
Adam Medella, CEO of Developing Capital Corporation in Chad, remarked that the UAE continues to be a strategic partner for Chad in areas such as infrastructure, trade, and energy. He highlighted Chad’s openness to investment in renewable energy, mining, technology, and agribusiness, noting its untapped natural resources and central location as a gateway to African markets.