The Sharjah Chamber of Commerce and Industry (SCCI) on Thursday organised an orientation meeting in collaboration with the Emirates Development Bank (EDB) to explore flexible development solutions for investors as well as small and medium enterprises (SMEs).
The gathering highlighted EDB’s funding and support for industrial sectors, as well as its vital role in assisting small and medium-sized businesses and factories to maintain the highest standards and, as a result, develop and stimulate the economic growth of the SME sector.
The collaboration is part of both sides’ strategic efforts to enhance the private sector’s contribution to UAE economic development.
“This meeting follows the SCCI and EDB’s strategic partnership, which began in 2021 with an MoU aimed at boosting cooperation and establishing a formal mutual framework in local entrepreneurship and economic development,” Mohammed Ahmed Amin Al Awadi, Director-General, SCCI said. “It assists SCCI members who are manufacturers by assessing the potential of obtaining funds from the bank.”
He further said that the SCCI plans to provide support to the industrial and SME sectors as critical components in promoting diversification, sustainability, and national economic growth.