Sharjah Chamber Looks to Boost Economic Ties with Ethiopia

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SHARJAH, July 11th, 2018 (WAM) — The Sharjah Chamber of Commerce and Industry (SCCI) held a meeting this Monday with a high-level Ethiopian delegation representing the Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) where they discussed ways to strengthen the economic relationships between both sides and the opportunities to promote investments between the business communities of both Sharjah, one of the United Arab Emirates (UAE), and Ethiopia.

The two sides discussed a number of topics of mutual interest, including activating the MoUs that were previously signed by both sides with the aim of promoting the economic relationships between the business communities of Sharjah and Addis Ababa.

They also studied the Addis Ababa Exhibition and Convention Centre Project and discussed finding possible ways for Emirati investors to participate as partners in the project. They also reviewed ways to encourage the business communities of Sharjah and Addis Ababa to take part in the economic exhibitions held in both cities.

The meeting was held at the SCCI’s headquarters, in the presence of Waleed Bu Khatir, Second Vice Chairman of the SCCI, and Elias Geneti, President of the AACCSA.

Bu Khatir reviewed the investment opportunities that are available in Sharjah’s various economic sectors to the delegation and highlighted the emirate’s facilities and incentives that attract businesspeople from different parts of the world. This includes the ability of foreign investors to own 100 percent of their companies in the country and to extend their resident visas for up to 10 years, along with their families. He also expressed the keenness of the chamber to promote the economic relationship between Sharjah and Ethiopia by providing all possible facilities to Ethiopian businesspeople looking to invest in Sharjah.

Elias Geneti, President of the AACCSA, praised the economic development that is being witnessed by Sharjah and expressed Ethiopia’s interest in promoting both the economic relationships and the mutual investments between the business communities in Sharjah and Ethiopia. (WAM)