UAE Chambers play vital role in national growth: Al Sayegh

Ahmed Ali Al Sayegh, Minister of State, has visited the Sharjah Chamber of Commerce and Industry (SCCI) to discuss ways to boost the private sector’s contribution to the national economic development.

During the visit, the minister stressed that all chambers of commerce and industry in the UAE can play a significant role in increasing the private sector’s contribution to the national economy, highlighting the need to link its priorities with the UAE’s strategies in order to promote national economic growth and sustainability.

Al Sayegh was received at the SCCI headquarters by Abdallah Sultan Al Owais, SCCI Chairman, in the presence of Sheikh Fahim Bin Sultan Al Qasimi, Executive Chairman of the Department of Government Relations, Saeed Bin Mubarak Al Hajri, Assistant Minister of Foreign Affairs and International Cooperation for Economic and Trade Affairs, and HE Mohamed Ahmed Amin, Director-General of the SCCI, as well as a number of Ministry of Foreign Affairs and International Cooperation personnel.

The discussions touched on ways to attract additional foreign direct investment to the UAE and the possibility of reaching new markets to promote the UAE’s various investment opportunities while also strengthening collaboration with the nation’s diplomatic missions abroad. Al Sayegh commended the SCCI for its relentless efforts and milestones, which led to enriching the national economy with the expertise and programs required to develop a conducive business environment that supports the realisation of the UAE’s strategies aimed at achieving sustainable economic development.

He noted that the UAE, thanks to its successful business model, has become a global trade and investment hub, taking the lead in many indicators of competitiveness, trade, and investment.

Al Sayegh reiterated that the private sector has been and will remain a major player in the national economy and that the country’s chambers of commerce and industry should better engage it in the development of the national economy while also encouraging the national corporations to expand their operations both locally and abroad.

“The chambers of commerce and industry can also benefit from the UAE’s expanding capabilities and its growing economic diplomatic relations to improve cooperation with different nations that are considered target markets within the UAE strategy for attracting foreign investment. The country boasts an active and prosperous economic business environment, modern infrastructure, and effective economic legislation that can easily attract foreign direct investments,” the minister said.

For his part, Abdullah Sultan Al Owais welcomed the Minister and his accompanying delegation to the chamber, expressing his appreciation for the visit, which would inspire the chamber to develop programs and initiatives that underpin the business sector and enrich the Emirate’s investment environment.