Emirates News Agency – Fujairah and Oman Chambers discuss ways to improve trade and economic relations

Fujairah, on November 4, WAM / Sheikh Saeed bin Suroor Al Sharqi, President of the Fujairah Chamber of Commerce and Industry, stressed the strength and resilience of economic and trade relations between the United Arab Emirates and the fraternal Sultanate of Oman, noting that it represents a unique model at various levels, based on the Historical constants and common visions that are more firmly rooted with the support and care of the leaders of the two countries.

This took place during the acceptance by the Chamber of a senior delegation of the Oman Chamber of Commerce and Industry headed by His Excellency Engineer Rida bin Juma Al Saleh, Chairman of the Board of Directors and his accompanying delegation at the Chamber’s headquarters, in the presence of . of His Excellency Ahmed Al Sudin, President of the Arab Union for Investment and Real Estate Development, and Khamis Muhammad Al Zeyoudi, Secretary Khalid Khalfan Al Kaabi, Treasurer, Saif Ali Saif Al Eter, Member of the Board of Directors, Sultan Galeh Al – Handasi, Director General of the Chamber, and a number of directors of local departments and institutions in the Emirate.

At the beginning of the meeting, Sheikh Saeed Al Sharqi welcomed the Omani Chamber delegation and expressed his hope that the visit will contribute to advancing economic and trade cooperation by exchanging ideas and information and reaching formulas that achieve mutual benefit between the enterprises. community in Fujairah and the sister Sultanate of Oman.

Engineer Rida bin Juma Al Saleh, Chairman of the Board of Directors of the Oman Chamber, praised the development of relations between the two fraternal countries, emphasizing that the common denominators between the Sultanate and the UAE and the brotherhood that unites the Omani and emirate peoples. represents a solid basis and starting point for developing and strengthening economic and trade relations between the two countries, within the framework of complementary partnerships that work to enable entrepreneurs in the two countries to set up more successful projects that bring profit and benefit to the two countries. two sister countries.

He added that the Sultanate and the UAE are setting an example in trade and investment exchange. According to data from the National Center for Statistics and Information in the Sultanate of Oman, UAE is among the top three countries in foreign direct investment in the Sultanate in some sectors, including manufacturing, real estate and rental activities, commercial projects and construction activities. Financial intermediation, transportation, storage and hotels.Similarly, UAE is first for Omani direct investments abroad.

The UAE is also the first in the country to receive Omani non-oil exports, which amounted to 388 million and 900,000 Omani riyals at the end of the second quarter of this year.Introduction of the supplying countries to the Sultanate, worth one billion. and 930 million and 700 thousand Omani riyals.

The Chairman of the Board of Directors of the Oman Chamber reviewed in detail the development and economic developments in the Sultanate of Oman.

His Excellency Sultan Galeh Al-Handasi, Director General of the Fujairah Chamber, asserted that the Emirate of Fujairah, under the directives of His Majesty Sheikh Hamad bin Mohammed Al Sharqi, Member of the Supreme Council and Governor of Fujairah, has achieved successive developments. developments. which include all aspects of economic and social life and continue their development path within the framework of an ambitious plan to achieve optimal utilization of their resources and expansion of their product base.Which supports the strategy of diversification of income sources in the field of industry; tourism, logistics services, storage, refining and blending of petroleum products, entrepreneurial projects and all other fields.

In his speech during the meeting, he said the UAE is characterized by excellent trade, economic and investment relations with the fraternal Sultanate of Oman, noting that the two chambers, through their relations, strategic partnership and solid cooperation, aim to strengthen those relations. in all business and economic fields and exchange experiences, especially in the field of artificial intelligence and creativity.Innovation, quality training, entrepreneurial projects, exhibition industry and many other fields and their advancement.

During the meeting, a memorandum of understanding was signed between the two chambers aimed at achieving cooperation between the two parties to establish the rules of joint work and strengthen the strategic partnership between them Sheikh Saeed bin Suroor Al Sharqi on behalf of the memorandum of understanding signed by the Fujairah Chamber, while engineer Reda bin Juma Al Saleh signed on behalf of the Oman Chamber.

The two sides watched commercials on development, tourism and service projects in the Emirate of Fujairah and the Sultanate of Oman, and exchanged ideas and views that contribute to strengthening relations between private sector institutions on both sides.

Wam / Yacoub Al-Raisi / Mustafa Badr Al-Din

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