Sharjah & Lithuania explore enhancing economic cooperation

By Shilpa Annie Joseph, Official Reporter
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Sharjah-Lithuania economic cooperation
Officials during the meeting | WAM

The Sharjah Chamber of Commerce and Industry (SCCI) has explored avenues for enhancing economic cooperation with the Ambassador of Lithuania to the UAE, bolstering trade ties, and fostering investment partnerships between the two countries’ business communities.

This follows a series of business meetings held last year, culminating in the UAE-Lithuanian Business Forum, which was hosted by the Sharjah Chamber and concluded with the signing of a Memorandum of Understanding (MoU) between the two sides to establish the first UAE-Lithuanian Business Council.

Abdullah Sultan Al Owais Image
Abdullah Sultan Al Owais
Chairman – SCCI

“The economic relations between Sharjah and Lithuania have seen significant growth in recent years across various fields. This growth is reflected in the enhanced coordination and communication among private sector representatives, investors, and business owners. This shows the Sharjah Chamber’s commitment to promoting economic cooperation with Lithuania. Serving as a robust platform to facilitate communication and interaction between business communities in both nations, the Chamber organizes several meetings, forums, and trade exhibitions to promote the exchange of information and expertise between both sides, thereby encouraging joint investment ventures.”

Further, Al Owais affirmed that the SCCI’s pivotal role in facilitating economic cooperation between the two business communities was clearly demonstrated when the Chamber hosted the UAE-Lithuanian Business Forum, which was organized by the UAE Federation of Chambers of Commerce and Industry (FCCI).

This event was a crucial opportunity to strengthen communication between the business communities of UAE and Lithuania, showcasing the investment opportunities available in both nations.

During the gathering, both sides outlined the ongoing efforts to complete the establishment of the UAE-Lithuanian Business Council. The Council aims at enhancing investment opportunities and strategic partnerships between the private sector and business owners in both countries, thereby boosting the UAE-Lithuanian trade exchange volume.

According to the statement, “Additionally, intense efforts are already underway to establish the first UAE-Lithuania Business Council, which are set to solidify economic ties and stimulate bilateral investment flows.”

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