Sharjah And Arab-Portuguese Chambers Strengthen Trade And Investment Links For Economic Growth

The Sharjah Chamber of Commerce and Industry (SCCI) recently hosted a meeting with the Arab-Portuguese Chamber of Commerce and Industry (CCIAP). The focus was on enhancing trade and investment ties between Sharjah and Portugal. Discussions centred on expanding bilateral trade, increasing cross-investment, and exploring cooperation in strategic sectors that align with both countries' economic priorities.

Abdallah Sultan Al Owais, Chairman of SCCI, led the meeting at the chamber's headquarters. Rui Gomes da Silva, Vice President of CCIAP, attended with his delegation. Other notable attendees included Mohamed Rashid Ali Demas, a board member of SCCI; Mohammed Ahmed Amin Al Awadi, Director-General of SCCI; and Dr Haider Al-Khudairi, Secretary-General of CCIAP.

The discussions highlighted a shift in bilateral trade structures towards non-oil industrial products. This change signifies both nations' commitment to diversified and sustainable economic growth. The UAE's exports to Portugal now include value-added non-oil products like steel, plastics, and aluminium.

A key topic was investing in sustainability-focused areas such as the circular economy, sustainable tourism, and smart agriculture. Both parties aimed to strengthen frameworks that encourage closer ties between business communities in Sharjah and Portugal.

Al Owais emphasised Sharjah’s favourable investment environment. He noted its advanced infrastructure, strategic location, and investor-friendly policies as conducive to sustainable partnerships. He stressed promoting long-term collaboration in sectors aligned with the new economy and sustainability-focused industries.

Rui Gomes da Silva commended Sharjah for its proactive role in fostering bilateral relations. He highlighted the emirate’s robust business ecosystem, diverse investment opportunities, and competitive incentives that support sustainable economic growth.

Future Collaborations

The meeting concluded with an agreement to promote reciprocal trade missions. Both sides committed to facilitating direct engagement between investors and business leaders. This aims to build enduring partnerships supporting sustainable economic development and strategic objectives for both nations.

With inputs from WAM