Sharjah, South Korea discuss ways to boost economic co-operation

The Sharjah Chamber of Commerce and Industry (SCCI) recently held a virtual meeting with the Consulate-General of the Republic of South Korea in Dubai to explore ways to discuss economic cooperation in various vital sectors in the two countries and explore the potential investment opportunities and the mechanisms of increasing trade volume between them.

The meeting was attended by Abdullah Sultan Al Owais, Chairman of the SCCI, Chun Young-Wook, Consul-General of the Republic of South Korea in Dubai, in the presence of Mohammed Ahmed Amin Al Awadi, Director-General of the SCCI.

Stressing the importance of such a meeting to enhance communication between business communities in the two countries and take advantage of available opportunities to take the bilateral relations to new heights especially in the economic sector, Abdullah Sultan Al Owais invited the South Korean side to actively take part in the international events and exhibitions organised by the Expo Centre

Sharjah, such as SteelFab and WJMES exhibitions.

Al Owais stated that Expo Dubai 2020 is an important opportunity for South Korea to share its vision with the visitors and participants in this major event, emphasising the need to develop bilateral relations in a lot of fields, especially in the common interest ones such as the technologies of the Fourth Industrial Revolution and artificial intelligence.

Young-Wook commended Sharjah’s economic development in various fields, stressing the consulate’s interest and willingness to collaborate with the SCCI in all sectors that support the development of relations between the two countries.

Young-Wook referred to his country’s interest in boosting the economic and investment ties between the private sectors in both countries and establish robust economic ties with the SCCI and the companies operating in Sharjah, highlighting the need to organise meetings for Emirati and South Korean investors and businessmen and to participate in specialised fairs.

Al Awadhi said that there are many potential economic and investment opportunities, especially in areas of common interests such as the knowledge-based economy. He pointed out the strategic location of both countries and its importance in establishing several partnerships in information technology and electronic industries. He called on the South Korean companies to tap into Sharjah’s sophisticated industrial infrastructure.

Earlier the Sharjah Chamber of Commerce & Industry (SCCI) discussed ways to boost the economic ties and strategic partnerships with the Republic of Belarus in a way that serves the interests of business communities in the two countries.

This came during a meeting held at the SCCI headquarters between Abdallah Sultan Al Owais, Chairman of the SCCI, and Evgeny Lazarev, Consul General of Belarus in Dubai and the Northern Emirates, in the presence of Mohamed Ahmed Amin Al Awadi, Director-General of the SCCI and a number of department directors at the Chamber.

While welcoming the Belarusian Consul General, Abdallah Sultan Al Owais stressed the importance of advancing the bilateral economic and investment ties the companies in the Emirate of Sharjah and their Belarusian counterparts, noting that the bilateral relations between the UAE and Belarus have significantly grown over past years, something which forms an impetus to enhance joint work and commercial ties between the two sides in diverse sectors, most notably food security, technology, and health.

Al Owais invited Belarusian businessmen and investors to set up their businesses in Sharjah to get the most out of its competitive benefits, strategic location, and stable business environment, Underlining the Chamber’s commitment to rendering the necessary support and facilities to Belarusian investors to build trade and investment partnership that contributes to expand the export markets of the two states and ease their entry to new Asian and European markets.

Evgeny Lazarev, in turn, underscored his country’s interest to foster economic ties with the Emirate of Sharjah and develop mutual cooperation and investment between both business communities in the two countries, inviting the Sharjah Chamber and the emirate’s private sector companies to actively take part in the economic events and activities organised in Belarus.

For his part, Mohamed Ahmed Amin Al Awadi shed light on the advantages of launching investments in Sharjah as a leading business hub both regionally and internationally, highlighting services and facilities provided by the Chamber to foreign investors and businessmen to help them establish and develop successful ventures in a stimulating and safe environment.

The Sharjah Chamber of Commerce and Industry recently welcomed a high-profile delegation of Central American Ambassadors to the UAE to explore means of enhancing economic cooperation and trade exchange relations and enhance joint investment with the Emirate of Sharjah.