Sharjah Chamber discusses opportunities for economic and investment cooperation with Sri Lanka

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Sharjah Chamber discusses opportunities for economic and investment cooperation with Sri Lanka

Sharjah, March 8, 2024 HE Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), and Alexi Fonseka Gunasekera, Consul General-designate of the Democratic Socialist Republic of Sri Lanka to Dubai and the Northern Emirates, have discussed ways to strengthen economic cooperation and foster investment partnerships between business communities in both nations. During a meeting held at the SCCI headquarters in the presence of HE Mohammed Ahmed Amin Al-Awadi, Director General of SCCI, and Fatima Khalifa Al Mokarrab, Director of SCCI's International Relations Department, the two sides explored avenues for incentivizing businesses across various sectors to bolster the exchange of information regarding investment opportunities. During the gathering, the two sides emphasized the imperative of private sector entities’ participation in trade and industrial exhibitions. Discussions also delved into cooperation prospects between Sharjah and Sri Lanka’s business communities and strategies to promote reciprocal visits of trade delegations. Furthermore, the meeting put the spotlight on opportunities to hold new business forums and open new communication channels, thereby enhancing coordination between businessmen in the two communities. This paves the way to expand the horizons of mutual investment endeavours in key sectors to stimulate sustainable and inclusive economic growth in both countries. HE Abdullah Sultan Al Owais welcomed the Sri Lankan Consul, stressing that the Sharjah Chamber seeks to enhance cooperation with the Sri Lankan business community. He expressed the SCCI’s keen interest in exploring diverse investment opportunities across various sectors and discovering the advantages and incentives the Sri Lanka's investment environment offers to investors and businessmen affiliated with the Sharjah Chamber.

Highlighting the Memorandum of Understanding (MoU) signed by the UAE and Sri Lanka to enhance cooperation in civil aviation, Al Owais pointed out that the relationship between the two countries paves the way for Sharjah’s business community to identify and uncover promising future investment prospects in Sri Lanka, especially within the tourism and services sectors, which exhibit favorable indicators for fruitful collaboration. He emphasised that the MoU was signed with the aim of strengthening bilateral relations between the UAE and Sri Lanka and stimulating opportunities to offer a more diverse range of tourism services, as well as supporting the economies and tourism sectors in both countries and enhancing the performance of business sectors across various commercial, industrial, and service activities.

Ends

    Photos: During a meeting For further information, please contact:

    - Ali Elgendy Misbar Communications +971 54 556 8608 [email protected]

    - Ahmad Aldwairi

    Misbar Communications +971567835363 [email protected]

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