The Fujairah Chamber stresses the importance of coordination with the Ministry of Investment to attract foreign investments
FUJAIRAH, 4th April / WAM / His Excellency Sheikh Saeed bin Surour Al Sharqi, Chairman of the Board of Directors of the Fujairah Chamber of Commerce and Industry, received a delegation from the Ministry of Investment headed by His Excellency Marwan Al Naqi, Chief Advisor to the Ministry, in the presence of His Excellency Surur Hamad Al Zohari, Vice Chairman of the Chamber of Commerce and Industry, and His Excellency Sultan Al Jameel Al Handisi, Director General. The Chamber, His Excellency Mohammed Obaid bin Majid, Director of the Fujairah Department of Industry, and a number of officials from the Fujairah Port, the Fujairah Petroleum Industry Zone and the Fujairah International Airport.
During the meeting, Sheikh Saeed Al Sharqi stressed the Chamber’s keenness to cooperate and coordinate with the Ministry in everything related to attracting foreign investments and carrying out promotional campaigns to introduce investment opportunities in Fujairah.
During the meeting, common issues and national efforts were discussed and integrated at the federal and local levels in creating an appropriate business environment that attracts investors in various fields, and establishing a stimulating work system for establishing and developing projects and moving them to global levels.
His Excellency Marwan Al-Naqbi explained that the Ministry of Investment aims to develop the state’s investment vision, stimulate the investment environment internally, and continuously enhance the competitiveness of procedures and legislation, to ensure that the state becomes the first destination for investment in the world in attracting investment companies and increasing the industry growth rate from 3% to 7% by the year. 2030.
He added that the Ministry’s directives are to attract investment companies and stimulate local companies to invest abroad in coordination between the government and private sectors in the Northern Emirates.
His Excellency Mohammed Obaid bin Majid, Director of the Department of Industry and Economy in Fujairah, explained that the emirate possesses a diverse group of industries whose quality is world-class, especially in the fields of mining and petrochemical industries.
His Excellency Sultan Al-Hindassi, Director General of the Fujairah Chamber, confirmed the Chamber’s readiness to cooperate with the Ministry of Investment in everything that would advance the industry, attract investment companies, promote existing investment companies in Fujairah, and increase investment opportunities in all economic sectors.
At the conclusion of the meeting, the two parties stressed the importance of strengthening future cooperation in line with the standards and directions of the country’s wise leadership, in accelerating development processes, enhancing investment movement, and unifying efforts and joint work between the government and private sectors in this regard.
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