Sharjah And Mauritius Strengthen Economic Bonds Through Investment Forum

The Sharjah Chamber of Commerce and Industry (SCCI), in collaboration with the Economic Development Board of the Republic of Mauritius, hosted the Sharjah-Mauritius Business and Investment Forum on Wednesday. The event aimed to foster investment cooperation and explore opportunities between the two nations.

Representatives from UAE companies and over 60 Mauritian companies specialising in industry, tourism, agriculture, logistics, renewable energy, and the blue economy participated. Key attendees included Abdullah Sultan Al Owais, Chairman of SCCI; Shaukat Ali Soudhan, Ambassador of Mauritius to the UAE; and Hemraj Ramial CSK, Chairman of the Board of Directors of the Economic Development Board of Mauritius.

During the forum, the Sharjah Chamber and the Economic Development Board of Mauritius signed a memorandum of understanding (MoU) to enhance trade relations and encourage mutual cooperation. The MoU aims to facilitate visits and exchanges of trade delegations and coordinate the development and expansion of a commercial network that promotes business opportunities between the two regions.

The agreement includes joint initiatives to participate in trade exhibitions, conferences, and forums designed to boost investment opportunities. Al Owais stressed that the forum is a step towards enhancing trade relations and fostering mutual cooperation between the private sectors of Sharjah and Mauritius.

He described the forum as an ideal platform for promoting investment opportunities and advancing bilateral relations towards greater levels of joint investment. Al Owais highlighted that the MoU holds significant potential benefits for private sector representatives and innovators.

Shaukat Ali Soudhan emphasised that the business and investment forum establishes an important venue to enhance communication between business communities in both countries. It presents available investment opportunities and explores promising areas of cooperation.

Hemraj Ramnial highlighted that coordination between the Mauritius Economic Development Board and the Sharjah Chamber marks a significant milestone in growing economic cooperation among business communities in Mauritius, Sharjah, and the UAE more broadly. He noted that the forum receives robust support for its objectives through the comprehensive economic partnership agreement between Mauritius and the UAE.

Investment Opportunities Highlighted

The forum featured a comprehensive overview of investment opportunities in both Sharjah and Mauritius. Participants were presented with diverse investment prospects available in Sharjah across several key sectors. The emirate's conducive investment environment ensures business prosperity by providing necessary facilities and infrastructure to access different markets, promote products and services, enhance trade exchange, and boost exports.

Moreover, insights into Mauritius's economic landscape were provided. Presentations emphasized exchanging experiences and knowledge in sustainability while highlighting potential for developing joint ventures across various sectors.

With inputs from WAM