UAE Chambers Showcase Investment Opportunities At UAE-Mali Business Forum

The UAE-Mali Business Forum, organised by the Sharjah Chamber of Commerce and Industry (SCCI) with support from UAE Chambers and the Ministry of Foreign Affairs, spotlighted investment prospects in Mali. Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of SCCI, warmly welcomed the Malian trade delegation visiting from 13 to 18 August.

Al Owais highlighted the robust bilateral relations between the UAE and Mali. He stressed that Mali's investment opportunities align well with the UAE's economic diversification goals, making them attractive to Emirati investors. The UAE Chambers, particularly Sharjah Chamber, are committed to promoting these opportunities within their business circles.

The Malian delegation, led by Madiou Simpara, President of the Mali Chamber of Commerce and Industry, showcased a range of investment projects to their UAE counterparts. These projects span sectors like renewable energy, artesian wells, infrastructure development, manufacturing, urban development, and land transport. Plans also include constructing a large commercial complex and a sports facility.

Simpara extended an invitation to UAE business representatives to visit Mali. This visit aims to provide firsthand insights into viable investment opportunities that hold mutual economic benefits. He emphasised that the Chamber of Mali is keen on enhancing collaboration with UAE chambers across various sectors to boost trade ties.

Al Owais expressed optimism about the forum's potential to enhance trade and investment cooperation between both nations. He mentioned plans for a memorandum of understanding to establish a joint business council. This council will facilitate direct engagement between private sector representatives from both countries.

The proposed joint business council will focus on strategic areas such as agriculture, food security, infrastructure, energy, and mining. Al Owais noted that this initiative would serve as a structured platform for collaboration in these key sectors.

The UAE business community has shown increasing interest in exploring Mali’s investment landscape. The UAE Chambers are dedicated to strengthening ties with their Malian counterparts in the near future.

The forum underscored the commitment of both nations to deepen economic cooperation through strategic investments. By leveraging these opportunities, they aim to foster sustainable growth and development across various sectors.

With inputs from WAM