Sharjah And Neuchâtel Strengthen Economic Ties Through Manufacturing And Innovation Collaboration

The Sharjah FDI Office, known as Invest in Sharjah, and the UAE Consulate General in Geneva recently organised a significant business roundtable at The Chedi Al Bait Hotel in Sharjah. This event aimed to enhance economic relations and explore investment opportunities between Sharjah and Neuchâtel, Switzerland. Attendees included government officials, business council representatives, investors, and industry leaders from both regions.

Jasim Al Abdouli, the UAE's Consul General in Geneva, highlighted the robust diplomatic and economic connections between the UAE and Switzerland. He emphasised their shared commitment to sustainable growth and cross-border innovation. Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah, pointed out the strategic advantages of Sharjah as a gateway to regional and global markets.

Matthieu Aubert from Neuchâtel Service of the Economy (NECO) and Marwan Alichla from Invest in Sharjah discussed potential economic collaborations. They presented investment opportunities available in their respective regions, aiming to foster stronger ties between Sharjah and Neuchâtel.

The roundtable served as a platform to highlight Sharjah's strategic position on the global investment map. It also showcased the UAE's proactive diplomacy in building strong economic partnerships with Switzerland. This collaboration aims to reinforce mutual growth, especially in manufacturing and technology sectors.

The economic partnership between Sharjah and Switzerland is gaining momentum. Approximately 250 Swiss companies operate within Sharjah’s mainland and its seven Free Zones. These businesses benefit from tax exemptions and efficient logistics offered by the emirate.

Bilateral trade between Sharjah and Switzerland reached around AED 84 million last year. This reflects strengthened ties in sectors such as advanced manufacturing, technology, and sustainable energy. The growing presence of Swiss enterprises underscores this flourishing relationship.

The meeting underscored the potential for economic collaboration between the two regions. It highlighted how both sides can leverage each other's strengths for mutual benefit. The focus remains on enhancing cooperation in key sectors like technology and sustainable energy.

With inputs from WAM