GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Sharjah – 9 December 2018:  The Sharjah Chamber of Commerce and Industry (SCCI) held discussions with an economic delegation from Azerbaijan on ways to develop economic cooperation, promote mutual investments, exchange trade missions, and build partnerships between the business communities in Sharjah and Azerbaijan.

During the business meeting that was hosted by the SCCI at its headquarters on Sunday, the two sides reviewed the prospects of cooperation, and ways to encourage the Emirati and Azerbaijani business communities to participate in the economic events and exhibitions that are held by both sides, which helps to enhance the economic, investment and trade relations between the two friendly countries.

The business meeting was attended HE Abdulla Ibrahim Deaifis, Board Member of the SCCI; Raed Bukhatir, Deputy Commercial Director of Sharjah Airport International Free (SAIF) Zone; Elnur Aliyev, Trade Representative of the Embassy of the Republic of Azerbaijan to the United Arab Emirates; Jassim Al Mutawa, Consultant of Relations with the Commonwealth of Independent states; Yaqoub Yousef Al Qusair, Industrial Affairs Consultant at the SCCI; Jamal Saeed Buzangal, Director of Media Department; Anar Aluriyev, Marketing Manager of Export promotion at the Azerbaijan Export and Investment promotion foundation; and representatives of several economic institutions in Sharjah, in addition to a number of heads and representatives of Sectoral Business Groups that fall under the umbrella of the chamber, and a group of businesspeople from the Emirate of Sharjah.

HE Abdulla Ibrahim Deaifis, Board Member of the SCCI, highlighted the importance of the meeting that allows businesspeople from both Sharjah and Azerbaijan to review possible avenues of cooperation and the investment opportunities available in both countries, in order to help strengthen the existing bilateral and economic relations between the friendly countries, which have witnessed remarkable development during the last five years.

Deaifis stated that the chamber hopes that the meeting will represent a new beginning towards better horizons of cooperation between the business communities in the two countries in general and with the emirate of Sharjah more specifically. He remarked that the Sharjah Chamber is prepared to provide all types of facilities to help ensure the success of joint work between the business communities in the two friendly countries, and to develop the trade and investment relations to wider levels.

Deaifis stressed that the Sharjah Chamber is keen to build bridges of cooperation between Sharjah's business community and their counterparts in Azerbaijan. He added that the investment opportunities enjoyed by both sides will ensure strong strategic partnerships, especially since Sharjah encompasses 20 Azerbaijani companies, while the total of value of exports and re-exports from Sharjah to Azerbaijan amounted to Dh53 million until November of this year, according to certificates of origin issued by the Member Services Department in our chamber.

Elnur Aliyev, Trade Representative of the Embassy of the Republic of Azerbaijan to the United Arab Emirates, praised the close relations between his country and the UAE. He stressed that Azerbaijan is keen to enhance cooperation with the Emirate of Sharjah in various different economic, tourism, and agricultural fields among others, with the aim of building better relations between the business communities of the two countries, as well as forming strategic partnerships and increasing mutual investments between the two sides.

 Anar Aluriyev, Marketing Manager of Export promotion at the Azerbaijan Export and Investment promotion foundation, extended an official invitation to the Sharjah Chamber to visit Azerbaijan with an economic and trade delegation. He praised the efforts of the chamber and its keenness to develop the economic relations between the Emirate of Sharjah and his country, as well as for the facilities it offers to investors and companies that operate in Sharjah. He pointed out that his country welcomes Emirati businesspeople who wish to invest in Azerbaijan and benefit from the available opportunities in his country.

Jithin Varrie from the Sharjah Airport International Free Zone Authority gave a presentation during the meeting, where he highlighted the advantages of investing in Sharjah's free zones, which are considered the fastest growing free zones in the middle east and the ideal destination for investment, due to their efficiency of operations, excellent services, and encouraging environment that helps companies achieve their goals and develop at an accelerated pace to ensure success and prosperity in regional and global markets.

During the visit, bilateral meetings were held between businesspeople from both sides. After the business meeting, the visiting delegation toured the permanent exhibition of local manufactured products located at the SCCI's headquarters, where they reviewed a wide range of products that are manufactured locally by more than 180 firms and are exhibited through 191 stands.

The UAE exports to Azerbaijan include high-tech products, electronics, industrial goods, and construction materials from the UAE. The UAE imports from Azerbaijan include fruits, juices, semi-processed metal products, among other goods. The volume of trade between the two countries is estimated to be at Dh105 million during the period of January to July of 2018, which represents an increase of 67% when compared to the same period during the previous year.

This comes at a time where Emirati investments in Azerbaijan have reached almost $800 million, while Azerbaijani investments in the UAE are estimated to be around $300 million, which adds up to total mutual investment value that exceeds 1 billion dollars.

Azerbaijan has exempted UAE nationals from the requirements of obtaining a pre-entry visa, and this contributed to increasing the number of visitors from the UAE to Azerbaijan by around 50 thousand tourists annually. The exemptions have also led to a growth in the number of flights to about 30 flights weekly between the different cities of the two countries, which helps to enhance communication between the people of both nations and contributes to the growth of the business sectors.



Posted by : GoDubai Editorial Team
Viewed 3892 times
Posted on : Sunday, December 9, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Department of Economic Development - Ajman hosts visiting group of government experts to discuss gre...
Next Story : Report Says High Resilience Benefit Investments Can Plug The Climate Adaptation Gap
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Introducing Burberry Bespoke Fragrances
Celebrate the Month of Love with a Brighter Smile at The Smile Bar
Longchamp Spring/summer 2019 Show
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel t...
Making many tones from one
Global Village presents Scheherazade, a timeless tale of intrigue and adventure
Always take the front row with this 7.2” supersized smartphone screen
Turkish Airlines reached the 80.2% Load Factor in December 2018.
Tag Heuer Demonstrates Watchmaking Mastery With Its New Carrera Calibre Heuer 02...
A Chaumet Valentine's Day Sentimental jewellery
Celebrate Valentine's Day With a Quintessential Timepiece From D1 Milano
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift
The Preston watch collection by Coach
Tissot PRS 516 Alpine Limited Edition A sporting tribute
Beef Sushi- Love at first bite
Bollywood Actor Anil Kapoor to inaugurate 2 new outlets of Malabar Gold & Diamon...
Persil Appoints Nancy Ajram as the new Regional Brand Ambassador
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale
Walid Atallah's “Dream Dress”: The new revolution in the World of Fashion 2019
Nicole Kidman at the Golden Globe Awards
Flying Grand Regulator now available in new colour combinations
Joyalukkas Shopper wins BMW Car in DSF Mega Promotion
Time for Unsung Heroes to Be Recognised With Citizen Campaign
Luxury jewelry house Dhamani 1969 launches exclusive CHRYSALIS collection
Al Mouj Muscat pays tribute to Oman with Layers of Oman Exhibition
Scuderia Ferrari presents PILOTA Family Collection
The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resource...
HUGO BOSS watches Legacy Casual Family collection
Audi turns the car into a virtual reality experience platform at CES
OMEGA reintroduces the iconic Calibre 321
MALABAR GOLD - DSF Winner Photo for Release - Anandan Ganesh
Citi UAE opens Citigold lounge in Abu Dhabi.
Alawwal bank becomes first Middle East firm to offer AI training for all staff
DLD records growing demand on its smart applications
The Region's Most Anticipated Shopping Festival Is Back at Burjuman
Dawoodi Bohra Trade Expo begins at Expo Centre Sharjah
2020 Cadillac XT6 Makes Global Debut
Emirates Nuclear Energy Corporation Celebrates 3rd Barakah Excellence Awards
Global Energy Forum: His Excellency Khalid Al-Falih's address on day three
Sultan Awards Oil & Gas Exploration Concession to Italy's Eni
Opening Ceremony of Azerbaijan House in the United Arab Emirates
Central Bank of the UAE Holds its 1st Board of Directors Meeting for 2019
Saudi Visa Application Process in Dubai Restricted to Holders of UAE Residence P...
Dubai Customs thwarts attempt to smuggle 5m Captagon pills
Special Olympics World Games Abu Dhabi 2019 Partners With Uae Pro League Committ...
Trade optimism drives commodities higher
Cisco and ADSSSA embark on digital acceleration initiatives
Abu Dhabi Airports sponsors the UAE Sport Talent Fund
Lifetime KidsRooms Grand Opening In Dubai, UAE
Choose to Start the Year Right With Etihad's Global Sale