UAE-Thailand Business Forum In Sharjah Aims To Enhance Investment Opportunities And Strategic Partnerships

The Sharjah Chamber of Commerce and Industry (SCCI) recently hosted the UAE-Thailand Business Forum. This event marked a significant visit from the Thai Chamber of Commerce and Industry's high-level delegation. The forum aimed to foster business interactions, explore investment opportunities, and discuss expanding economic cooperation between the two nations.

During the forum, Dr. Visit Limlurcha, Vice Chairman of the Thai Chamber of Commerce, highlighted Thailand's interest in strengthening economic ties with the UAE. He noted that Thai businesses are keen to expand their presence in the UAE market, particularly in Sharjah. This emirate offers a favourable business climate with numerous investment incentives.

Fatema Khalifa Al Muqarrab, Director of International Relations at SCCI, emphasised the importance of this forum in enhancing trade relations between the UAE and Thailand. She stated that these discussions aim to deepen bilateral ties and serve both nations' business interests. The Sharjah Chamber is committed to leveraging these relations for mutual benefit.

The relationship between the UAE and Thailand has seen remarkable growth across various sectors in recent years. This progress is driven by a shared commitment to exchanging expertise and deepening collaboration in economic fields. The non-oil trade between the two countries increased by 21% in 2022, reaching $6.1 billion.

The choice of Sharjah as the venue for this forum underscores its status as a leading commercial hub in the region. Known for its advanced infrastructure and investor-friendly environment, Sharjah attracts global investors. The emirate's strategic position enhances its appeal as a key destination for business expansion.

The forum included an informative video presentation showcasing services offered by SCCI to support businesses worldwide. These services adhere to global best practices, positioning the chamber as a vital platform for attracting investments and fostering economic projects across various sectors.

Future Prospects

The Thai delegation was briefed on Sharjah's rapid development across multiple economic sectors and its tourism potential. Discussions also covered ambitious projects that promise a bright future for investment in the emirate. These developments highlight Sharjah's role as a dynamic centre for business growth.

The UAE stands out as Thailand’s largest trading partner in the Middle East, continuing to be a key investment destination for Thai companies. In line with its comprehensive economic vision, the UAE aims to increase non-oil trade with ASEAN countries, reporting $15.3 billion in trade volume during the first half of 2023 alone.

Representatives from both sides discussed aspirations to enhance trade exchange and support Thai companies entering the UAE market. They aim to establish sustainable partnerships that contribute to both countries' developmental goals, reflecting their mutual commitment to strengthening strategic alliances.

With inputs from WAM