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SCCI Urges UAE Chambers To Strengthen Ties With Local Businesses To Create More Investment Opportunities |
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SCCI hosts first Forum of Business Councils in the UAE to help develop strategic initiatives aimed at positioning UAE as global business and investment hubThe Sharjah Chamber of Commerce and Industry (SCCI) urged the country’s different chambers of commerce to strengthen working relationships with local businesses to help reinforce the effort to create more investment opportunities for the UAE. The call for stronger ties was made today (Tuesday, November 17, 2009) during the first Forum of Business Councils in the UAE held at the SCCI headquarters in Sharjah, UAE. Hosted by the SCCI under the theme “Business Councils and Chambers of Commerce… Partnership Fostering Investment,” the forum focused on the creation of programs and initiatives that are in line with the government’s vision of creating overall sustainability and development for the country. The opening session of the forum titled ‘Chambers-Business Councils Partnership: Ambitions and Challenges’, was chaired by H.E. Mohamed Salim Al Musharrakh, SCCI board member; the second session titled ‘Contribution of public sector to activate business environment’ was chaired by H.E. Abdalla bin Sultan Al Owais, SCCI board member; the third session named ‘Invest in Sharjah’ was chaired by Saeed Obaid Al Jarwan, Vice Chairman of Tourism & Trade Development Authority, and Second Vice Chairman of SCCI; while the closing session titled ‘Conclusion and Recommendation’ was chaired by SCCI Chairman Ahmed Mohammad Al Midfaa. The forum focused on discussions covering the importance of maintaining strong relationships between the local chambers and different businesses, the forging of newer strategic partnerships with other business groups and entities, and the sharing of knowledge and skills between the two parties. Representatives from the various chambers highlighted the importance of setting common goals that both parties can benefit from and affirmed their continued support for initiatives of the private business sector that are aimed at bolstering the country’s economic development. Ahmed Mohammad Al Midfaa said, “Today’s forum opens many opportunities for both the private business sector and the different chambers across the UAE. It is also an opportune time to renew and strengthen strategic partnerships as well as set common goals that complement the government’s efforts to achieve sustainable growth at all levels. Moreover, the UAE has experienced steady economic growth over the past few decades, which is one of the main reasons the country has continuously attracted foreign investments. In this regard, the SCCI hosted this pioneering forum to help define a mutual and strategic work plan that not only seeks to complement the government’s development initiatives but also help position the UAE as a global destination for business and investment.” Hussein Mohammed Al Mahmoudi said, “The UAE is abundant with encouraging economic factors that can help enhance its growth and economic development. In fact, the implementation of government initiatives and programs, which are based on the principles of governance and transparency in conducting economic activities, comply with world’s best practices. The Forum of Business Councils in the UAE plays a vital role in developing and diversifying business and investment opportunities for local, regional and international businesses. The Forum of Business Councils in the UAE was launched to provide UAE-based businessmen with a regular platform to discuss current economic issues, programs and initiatives. The forum aims to provide its members with regular seminars, workshops, lectures and roundtable discussions. The creation of the Forum of Business Councils in the UAE complements the government’s initiatives towards achieving overall sustainability and growth; with the aims of enhancing cooperation between the public and private sector, the creation of more investment opportunities, providing leadership training and to define opportunities and challenges brought about by changing economic conditions. |
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