Sharjah Chamber, Kazakhstan discuss means of economic ties

By Shilpa Annie Joseph, Official Reporter
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The Sharjah Chamber of Commerce and Industry (SCCI) has discussed ways to enhance economic cooperation, develop trade relations and mutual investment between the Emirate of Sharjah and the Republic of Kazakhstan.

The two sides have reviewed ways to improve collaboration in a variety of areas, as well as potential investment possibilities, particularly in tourism, agriculture, and other economic sectors.

The delegation was received by Mr. Abdullah Sultan Al Owais, Chairman at SCCI, in the presence of several other dignitaries. The meeting’s purpose was to address the realities of economic relations, as well as current and future collaborations, in a way that enhances bilateral ties, promotes the interests of both corporate groups and opens up new avenues for economic cooperation.

Mr. Al Owais has called on Kazakh businessmen to invest in Sharjah and take advantage of the pioneering industrial and commercial privileges in the region. Furthermore, he has highlighted the SCCI’s willingness to improve the two nations’ trade and investment relations, as well as continue joint coordination with the Kazakh side in many economic sectors.

The members of the Kazakh delegation expressed their country’s desire to expand constructive collaboration with the emirate at all levels, particularly given the two countries’ strong economic and commercial ties.

As per the reports, the total flow of investments from the UAE to Kazakhstan, from 2005 to 2020, amounted to nearly $2.4 billion, while the volume of trade exchange between the two countries in 2020 was nearly $474.4 million.

Recently, SCCI has discussed means to strengthen bilateral ties with Mr. Lars Pera, Ambassador of the Republic of Guatemala to the UAE, and Mr. Jose Bassila, Commercial Counsellor at the Embassy of Guatemala.

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