Doha: The Sharjah Investment and Development Authority (Shurooq) and the US Chamber of Commerce have signed a memorandum of understanding aimed at promoting investment, trade, technical and economic cooperation, enhancing exports, and the exchange of visits by investment delegations between the United States of America and Sharjah.
The MoU was signed by Marwan bin Jassim Al Sarkal, CEO, Shurooq, and David C Chavern, Executive Vice President and COO of the US Chamber of Commerce.
“The relationship between the UAE and the USA is both longstanding and highly mutually beneficial, and as economic, cultural, and artistic exchange between our countries continue to grow, so do our mutual ties. In this respect Sharjah plays a key role, both due to its strategic positioning and because of the well-established track record of the numerous US entities, organisations, and corporations who have been present and successfully operational in Sharjah for many years now,” said Al Sarkal.
“As an emirate, Sharjah has a great deal to offer American businesses looking to find a home base in the Middle East and our aim with this agreement is to create awareness about Sharjah’s extensive offering and unique advantages amongst the American business community,” he said.
Shurooq and the US Chamber of Commerce will encourage, promote and facilitate investment and development cooperation among their respective business communities, in addition to establishing, coordinating and expanding a business network that facilitates the circulation of the business opportunities available in both countries. The agreement also aims to encourage the exchange of statistics in the form of economic and business data to facilitate investment and joint venture projects. The Peninsula
