LONDON--(BUSINESS WIRE)--The Sharjah Investment and Development Authority (Shurooq) has signed a Memorandum of Understanding with the Arab-British Chamber of Commerce (ABCC). The signing of the MoU, which forms part of Shurooq’s overall strategy to strengthen ties with international economic and investment bodies in order to increase mutual cooperation and promote Sharjah as a prime investment location in the region, took place during a three-day UK roadshow ending on April 15th.
The signing ceremony took place at Mandarin Oriental Hyde Park Hotel in London, yesterday (Monday), in presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Shurooq, HE Abdul Rahman Ghanim Al Mutaiwee, UAE Ambassador to the United Kingdom, Sheikh Mohammed bin Maktoum Al Maktoum, First Secretary at the UAE Embassy in the UK, HE Marwan bin Jassim Al Sarkal, CEO of Shurooq, Dr Afnan Al-Shuaiby, Secretary General and Chief Executive of the ABCC, Saud Al Suwaidi, Director of International Relations and Partnerships at Shurooq, and Abdelsam El Idrissi, Director of Trade Services from the ABCC.
Speaking about the agreement, Sheikha Bodour bint Sultan Al Qasimi, remarked, “We at Shurooq strive to enhance the international commercial and economic relations of Sharjah and the UAE, with the aim of attracting investment, increasing opportunities for business development, and encouraging mutual cooperation and exchange of expertise. These efforts help to pave the way for financial growth in the flourishing economy of the UAE.”
His Excellency Abul Rahman Ghanem Al Mutaiwee remarked, “We are delighted to welcome Sheikha Bodour and the Shurooq delegation to the United Kingdom. Serving the UAE economy by promoting Emirati exports and encouraging British investment in the UAE is a high priority for the Embassy and especially for the Economic Department, which has been working closely with Shurooq to arrange this visit. We are pleased to have successfully arranged a vast number of meetings with some of the most prominent UK businesses and investment institutions and wish Shurooq all success.” He also highlighted the importance of the Arab British Chamber of Commerce’s role in promoting British Arab trade relations and trade relations with the UAE in specific.
Under the terms of the MoU, which was signed by HE Marwan bin Jassim Al Sarkal, CEO of Shurooq, and Dr Afnan Al-Shuaiby, Secretary General and Chief Executive of the Arab-British Chamber of Commerce, Shurooq and ABCC plan to encourage, promote, and facilitate investment and development cooperation among the business communities in Sharjah and the UK, and to coordinate, establish, and expand a business network that enables these communities to leverage the financial opportunities available in both countries, in addition to organising road shows for representatives of British government’s entities to the emirate of Sharjah by end of this year.
*Source: ME NewsWire