The Sharjah Investment and Development Authority (Shurooq) has signed a Memorandum of Understanding (MoU) with the Arab-British Chamber of Commerce (ABCC), aimed to increase mutual cooperation and promote Sharjah as a prime investment location in the region.

The MoU was signed in London in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Shurooq, Abdul Rahman Ghanim Al Mutaiwee, the UAE Ambassador to the UK, Sheikh Mohammed bin Maktoum Al Maktoum, First Secretary at the UAE Embassy in the UK, 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."

Mr Al Mutaiwee welcomed the visit and commented on the important role the Embassy plays in expanding the commercial and investment ties between the two countries.

He said, " We are delighted to welcome Sheikha Bodour and the Shurooq delegation to the UK. 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 headed by Sheikh Mohammed bin Maktoum Al Maktoum who has been working closely with Shurooq to arrange this visit. We are pleased to have succeeded in arranging a vast number of meetings with some of the most prominent UK businesses and investment institutions and we would like to wish Shurooq all the success in promoting Sharjah's investment portfolio here in the United Kingdom. I would also like to highlight 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. "

Dr. Afnan Al-Shuaiby, Secretary-General and Chief Executive of the Arab-British Chamber of Commerce, said, "We are confident that signing this MoU will help enhance investment opportunities and the exchange of expertise, expand mutual business activities and add a new dimension to our business, particularly in the economic and commercial sectors".

Shurooq's delegation to the UK, which is headed by Sheikha Bodour and includes Marwan bin Jassim Al Sarkal is set to meet with the British Chambers of Commerce, the Environmental Services Association, the Birmingham Chamber of Commerce, the Lord Mayor's Office, the Association of British Healthcare Industries, and Royal Marsden Hospital.
Source: Gulf News