Sharjah Chamber Of Commerce And Industry Explores Investment Opportunities With Hong Kong
In a significant move to bolster economic relations, the Sharjah Chamber of Commerce and Industry (SCCI) recently hosted a high-level meeting with the Hong Kong General Chamber of Commerce (HKGCC). This gathering aimed to explore and enhance investment cooperation, focusing on sectors such as renewable energy, technology, real estate, and e-commerce. The meeting, which took place at the SCCI’s headquarters, was part of the Hong Kong delegation's visit to Sharjah.
Key attendees included HE Mohammed Ahmed Amin Al Awadi, Director-General of SCCI, and HE Jonathan Lamport, Chairman of the Asia, Africa, and Middle East Committee at HKGCC. The discussions also saw participation from Abdul Aziz Al Shamsi, Assistant Director-General for Communication and Business Sector in SCCI; Jamal Saeed Bouzanjal, Director of Corporate Communication Department at SCCI; and Hamad Al Shamsi, Regional Investment Promotion Manager at Sharjah Foreign Direct Investment (FDI) Office "Invest in Sharjah", among others.
The engagement underscored the Sharjah Chamber's commitment to strengthening economic ties with global markets, particularly in the Asia-Pacific region. Al Awadi highlighted the aim to attract Hong Kong-based companies to establish operations in Sharjah, contributing to robust bilateral relations. This initiative comes at a time when trade between the UAE and Hong Kong has seen significant growth, reaching $7.98 billion in the first half of 2023, marking an 8.3% increase from the previous year.
HE Jonathan Lamport praised the warm reception by the Sharjah Chamber and acknowledged Sharjah’s role as a pivotal economic hub. He emphasized the committee's role in fostering trade relations across Asia, Africa, and the Middle East. The meeting served as a platform for enhancing economic cooperation and facilitating joint ventures between businessmen and investors from both sides.
Abdul Aziz Al Shamsi pointed out Sharjah's strategic advantages for Hong Kong-based businesses looking to expand into regional markets. These include lucrative investment incentives and opportunities tailored to global investors. Hamad Al Shamsi showcased premium investment opportunities within key sectors such as tourism, culture, logistics, green technology, healthcare, human capital innovation, advanced manufacturing, and agricultural technology.
With around 60,000 small and medium-sized enterprises operating within its borders, Sharjah attracted foreign investments amounting to $291.20 million in 2022. This meeting marks a step forward in fostering trade exchange and establishing leading partnerships between the UAE and Hong Kong in various economic sectors.
With inputs from WAM
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