UAQ Chamber announces new decisions to support emirate’s economy

By Shilpa Annie Joseph, Official Reporter
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UAQ Chamber announces decisions
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The Chamber of Commerce and Industry of Umm Al Quwain (UAQ Chamber) has announced several decisions to support the economy of the emirate and contribute to establishing a flourishing business environment that keeps pace with economic development and futuristic variables to strengthen the competitive status of UAQ on the domestic and international trade map.

The decisions included some changes, such as approving the new organizational chart that supports the priorities of the Chamber and the orientation of the government for the inclusion of all economic sectors.

Mr. Khalfan Ahmed Misfer, Chairman of the Board of Directors of the Umm Al Quwain Chamber of Commerce and Industry, stated that these decisions and changes represent a qualitative move in the services offered by UAQ Chamber in a manner that implements the vision of HH Sheikh Saud bin Rashid Al Mualla, Supreme Council Member and Ruler of Umm Al Qaiwain, effectively contributes to the economic growth and facilitates the investment in the emirate.

Mr. Ammar Rashid Al Aleeli, Director-General of the UAQ Chamber, indicated that it strives to create new opportunities in the emirate that meet economic needs and offers various packages of services and solutions that support merchants, companies, and owners of businesses.

The new organizational chart developed a new sector for trade and industry. It also created new units that would develop exports, support small and medium-sized enterprises (SMEs), other units that attract factories and companies, support and revise the commercial policies and a unit to be assigned with holding events and fairs.

“The decisions also included the approval for transforming all services offered by UAQ Chamber to e-services, with the primary services made available round-the-clock. Moreover, the new UAQ Chamber website has been launched,” according to the statement.

The Chamber approved a package of initiatives and incentives related to its members, such as developing a new system that offers several discounts and benefits, more than 15 complimentary benefits for members, annulling the fees of some services, and launching discounts that exceed 35 percent on some services.

The UAQ Chamber launched “Know your Enterprise”, which informs the investors of all required data to launch the enterprise, such as fees, pre-conditions, and the names of similar enterprises that are available in the Emirate.

Further, UAQ Chamber launched some community initiatives, such as holding several events and exhibitions for owners of domestic enterprises and launching initiatives to support the UAQ locals, to meet the community needs and strengthen social coherence.

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