UAE’s Ministry of Economy, Sharjah Chamber bolster cooperation to expand export businesses

By Shilpa Annie Joseph, Trainee Reporter
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UAE Ministry of Economy and Sharjah Chamber of Commerce and Industry (SCCI) have discussed the ways to improve the mutual cooperation and coordination in attracting foreign companies and investors to the country and to promote export business in the UAE.

During the discussion, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has emphasized the importance of promoting Emirati companies’ goods, widening logistics networks, diversifying the state’s foreign markets, and introducing measures to strengthen the private sector’s leading role in foreign trade.

Mr. Al Zeyoudi was accompanied by Juma Mohammed Al Kait, Assistant Undersecretary – Foreign Trade Affairs, Ministry of Economy, and was received by Abdullah Sultan Al Owais, Chairman, SCCI; Mohammed Ahmed Amin Al Awadi, Director General of the SCCI; Maryam Saif Al Shamsi, Assistant General Director, Support Sector of the SCCI; Jamal Bu Zinjal, Head of SCCI Media Department, and several department directors.

The visit comes as part of the periodic visits carried out by the Ministry of Economy for all the state’s chambers of commerce and industry, in a bid to step up efforts, especially in terms of attracting foreign companies and investors to the UAE.

Congratulating the Sharjah Chamber on its 50th anniversary, Mr. Al Zeyoudi praised the SCCI’s contribution to the UAE’s gross domestic product (GDP), which reached $27 billion (AED100 billion) in 2019, something that clearly reflects the substantial role of the Chamber and its affiliated companies in supporting the national economy.

Furthermore, Mr. Al Zeyoudi also explained that the ministry will work shoulder to shoulder with the SCCI in order to achieve economic diversity and resilience, as well as to improve the competitiveness of the state’s economy.

Fatima Al Mokarrab, Director of the SCCI International Relations Department, discussed the Chamber’s role in strengthening international relations, with the signing of over 185 MoU in 35 nations, and the receiving of 100 international delegations, in addition to dispatching 14 trade missions in 2019, organizing diplomatic tours for ambassadors and consuls, and launching several business councils, the last of which was the Portuguese Business Council.

Also Read: Sharjah Chamber, Tunisian Consulate explore ways to boost trade & investments

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