Sharjah, October 19 / WAM / The business forum between Sharjah, Estonia, Latvia and Sweden, which was held today at the headquarters of the Sharjah Chamber of Commerce and Industry, discussed investment opportunities in the information technology sector between Sharjah and the centers of technical power in the European continent, in addition to presenting the partnerships provided by various fields capable of attracting European investors. to the emirate.
The forum was attended by His Excellency Abdullah Sultan Al Owais, Chairman of the Board of Directors of the Sharjah Chamber of Commerce and Industry, His Excellency Mohammed Ahmed Amin Al Awadi, Director General of the Sharjah Chamber, Raghda Omran Taryam, Member of the Board of Directors of the Chamber, Doris Bold, CEO of the Estonian Association for Information and Communication Technologies, and Iga Ermeja, Executive Director of the Information Technology Group in Latvia Torbjorn Johnson, CEO of Propell and the Information and Communications Technology Innovation Group in Sweden, and Abdulaziz Shattaf, Assistant General Manager for the Communications and Business Sector, in addition to the participation of heads and CEOs of a number of European companies wishing to invest in the emirate.
The forum witnessed the signing of a memorandum of understanding between the Chamber and the Estonian Federation of Information and Communication Technology aimed at facilitating economic cooperation between business communities through the exchange of digital transformation opportunities in the two countries, as well as encouraging scientific research activities in the information technology sector on the exchange of experiences, technical knowledge and best practices in digital governance and opportunities Training for their members, in addition to promoting available investment opportunities with the aim of encouraging bilateral investments.
His Excellency Abdullah Sultan Al Owais expressed his hope that the forum would constitute a new and promising start in the process of building a distinguished and sustainable economic partnership between the two sides that would contribute to expanding the horizons of trade exchange and establish investment partnerships in various economic sectors represented by the participating European companies, noting that the forum comes in line with the aspirations of The wise leadership and embodiment of its constant keenness to enhance the local investment environment and the frameworks of commercial cooperation between the UAE in general and Sharjah in particular and the countries of the European Union, where these events provide an opportunity to introduce European businessmen to the promising investment opportunities that the emirate abounds in, especially in light of the great facilities and incentives offered by various Governmental bodies for foreign investors.
Al Owais pointed out that the value of non-oil foreign trade between the UAE and the European Union during the year 2020 amounted to 189.4 billion dirhams, while the value of UAE exports to the European Union countries amounted to 27.6 billion dirhams, compared to 28 billion dirhams in re-exports.
For her part, Doris Bold expressed her admiration for the development and urban renaissance that the Emirate of Sharjah is witnessing today, and spoke about Sharjah’s position as a key destination in the agenda of businessmen and European tourist delegations’ visits to the UAE, and thanked the efforts of the Sharjah Chamber for organizing the business forum with the delegation of the Estonian Association for Information and Communication Technology and representatives of the Estonian Association for Information and Communication Technology. Companies from Latvia and Sweden, which are exceptional and fruitful meetings, put Sharjah in a prominent position in the development of relations between the countries of the European Union and the UAE, stressing that the memorandum of understanding with the Sharjah Chamber will enhance cooperation in many other vital sectors, especially information technology.
For his part, His Excellency Mohamed Ahmed Amin Al-Awadi stressed that the Chamber seeks, through this forum, to develop relations, increase the volume of mutual investments and enhance the balance of trade exchange, especially in the field of tourism, heavy equipment, telecommunications, chemicals and real estate, as well as manufacturing, which is a vital sector in which common interests and directions intersect, especially in light of The attractiveness of the Emirate of Sharjah.
After the forum ended, a series of side and bilateral work meetings were held between the heads and directors of Emirati and European companies, which focused on discussing partnerships, cooperation, mutual coordination, and discussing investment opportunities available to both sides.