German businesses urged to explore investment opportunities in Sharjah

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Chairman of the Sharjah Chamber, Abdullah Sultan Al Owais said that the forum is a significant step towards enhancing economic cooperation.
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  • A German business delegation attended a forum organized by the Sharjah Chamber of Commerce and Industry.
  • Gulf Cooperation Council (GCC) countries are the seventh-largest export destination for German industry outside Europe.

The Sharjah Chamber of Commerce and Industry (SCCI) has called on German businessmen and investors to explore investment opportunities within the emirate’s business community, in order to access new avenues of partnership and develop economic and trade relations between Sharjah and Germany.

The call for investment was made at a forum organized by the Chamber in collaboration with the German-Arab Chamber of Industry and Commerce (GACIC).

Chairman of the SCCI, Abdullah Sultan Al Owais said that the forum is a significant step towards enhancing economic cooperation.

It also involves developing relations between the business communities at various levels, he remarked.

He also highlighted the strength of UAE-Germany relations, especially considering the outstanding results of the two countries’ comprehensive strategic partnership since 2004.

He further added that this has made Gulf Cooperation Council (GCC) countries the seventh-largest export destination for German industry outside Europe.

Peter Ramsauer, President of GACIC, noted the importance of intensifying efforts to improve bilateral relations for future growth and prosperity.

This would aid in exploring investment opportunities in various sectors, serve the business community’s interests, noted the president.

Also, it will support the private sector’s aspirations at the trade and investment levels, said Ramsauer.

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