Sharjah, Saudi Arabia discuss real-estate investment

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  • The meeting witnessed recommendations that centered on coordination to organize a joint real-estate event during ACRES 2022
  • The two parties also discussed prospects for cooperation and bilateral partnerships in various fields in the real-estate sector

Authorities from Sharjah and Saudi Arabia have discussed new ways to enhance real-estate investment, local reports have said.

The discussions took place between the Sharjah Chamber of Commerce and Industry or SCCI and the National Real Estate Committee of the Federation of Saudi Chambers, said the local reports.

They apparently took part in the discussions at a meeting during the Saudi delegation’s visit to the UAE.

They looked to identify investment opportunities for real-estate projects, and exchange best practices and successful experiences in the real-estate sector.

The meeting witnessed a number of recommendations that centered on coordination to organize a joint real-estate event during ACRES 2022, as well as discussing prospects for cooperation and bilateral partnerships in various fields in the real-estate sector.

The meeting also addressed providing an opportunity for businesspersons in the two countries to meet with their counterparts to discuss opportunities to cooperate and investments.

The meeting concluded with the exchange of souvenirs and shields. Also, bilateral business meetings were held between representatives of companies and real estate developers from the two countries, which focused on discussing partnerships, cooperation, mutual coordination and discussing investment opportunities available to both sides.

This was followed by a tour by the members of the Saudi delegation of the permanent exhibition of local industrial products located within SCCI’s headquarters, where they viewed the national industrial products displayed by more than 180 operating facilities in the Emirate of Sharjah, set in some 191 exhibition stands.

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