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


Discussed ways to enhance trade and investment

Sharjah, 27 December,2017:  HE Khalid bin Butti Al Hajri, Director General of Sharjah Chamber of Commerce and Industry, Magobo David Magabe, Consul-General of South Africa in Dubai, discussed ways of developing joint relations between the Chamber and the consulate to strengthen areas of economic cooperation between both countries.

The meeting was also attended by Omar Ali Saleh, Director of the Department of International Relations at the Chamber. He discussed the development of trade relations and mutual investment between Sharjah and South Africa  to further push them towards prosperity and serving the interests of business communities from both sides.

HE Khalid bin Butti Al Hajri praised the growing economic relations between the UAE and South Africa, which form a solid foundation for further efforts towards developing cooperation. He also expressed the eagerness of Sharjah Chamber  to improve trade and investment relations between Sharjah and South Africa, as well as expanding cooperation in all sectors and investment fields available.

Khalid bin Butti Al Hajri urged the South African Consul-General to encourage the business community in his country to invest in Sharjah, and to benefit from its economic, industrial and commercial assets as a leading regional centre. He stated that Sharjah's distinctive role is due to its adoption of the policy of economic diversification, as well as providing advanced logistics services, a leading banking system, encouraging legislation and advanced infrastructure.

He also called on the South African business community to take advantage of the facilities and advantages that are offered by Sharjah Chamber for foreign businesspeople wishing to invest in Sharjah. He reviewed the role of the Chamber and its efforts in serving the private sector in the Emirate, as well as the services provided by the Chamber and its affiliated institutions. He also stressed the eagerness of the chamber in targeting the promising markets in Africa, including the booming South African market, which lies within the framework of the Chamber's plan of action, and its relentless efforts to develop and promote the emirate's exports.

Magobo David Magabe, the Consul-General of South Africa, praised the progress made by Sharjah in various fields, which strengthened its vital economic role in the region. He also expressed his appreciation and gratitude to Sharjah Chamber for its role in developing economic relations with various African countries and his country in particular.

Magabe stressed the keenness of the South African consulate to maintain constant coordination and cooperation with the Sharjah Chamber in order to increase trade exchange and investment between both countries as well as  stimulating the South African and UAE business communities to redouble their efforts to establish growing strategic partnerships that serve the interests of both sides.

During the meeting, both sides agreed to set up programs and events to be launched, as well as initiatives that serve the private sector in each side and identify the available investment opportunities. It was also agreed to encourage economic activities to participate at economic events and general and specialized exhibitions which is held in Sharjah or South Africa.

The volume of exports and re-exports of the UAE to South Africa amounted to 515.4 million dollars in 2016, while South Africa's exports to the UAE amounted to 1.49 billion dollars in the same year. The Trade exchange between the two countries is concentrated in the fields of diamonds, gold, tin cables, sugar, citrus, coal and others.

 



Posted by : GoDubai Editorial Team
Viewed 6423 times
Posted on : Wednesday, December 27, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Happiness @ Work Award to honor positive workplaces in the UAE
Next Story : Dubai Science Park Registers Successful 2017, Continues to Support Evolving Pharma, Medical Equipmen...
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
Marchon Eyewear Summer 2018 Collections
du Distributes Eid Gifts at Al Jalila Children's Hospital
Al-Futtaim ACE celebrates Eid with exciting offers and activities
24 hour Mega Sale at Dalma Mall!
Filorga introduces two new additions to its UV-BRONZE range offering a comprehen...
Purify Your Skin with Skin Republic
A Sparkling Gift Guide for Eid al-Fitr by Mouawad
Al Ghandi Auto brings the most Affordable Electric Vehicle - Chevrolet Bolt EV -...
Rapid renewal of smartphone portfolio brings next generation Nokia 5 and Nokia ...
Captivate Your Senses with Marks & Spencer's Exclusive Oud Collection
Stylish men's watch - BU4018-11H - with rose gold case and black dial is a real ...
Splash's ‘Life After Fashion' Campaign Breathes New Life into Old Garments
Hamdan Bin Mohammed Heritage Center distributes Eidia on first day of Eid
Crowe Horwath announces global rebrand to “Crowe” Sometimes a smart decision i...
iVOOMi Smartphones Enter the UAE Market Exclusively on SOUQ.com
New open-air member of the AMG GT family
The Summer Just Got Sweeter with the New Palm Candy Collection from Max
Abu Dhabi Treats Eid Al Fitr Visitors to Shopping Bonanza with 90% Discounts Acr...
All Abroad… Mobile Cinema Bus presented by Pert Plus
Tissot Chrono XL Tour de France Special Edition Cycling just got big
Skydance: The Sun – shining amid the immensity of the galaxy
Hair Rituel by Sisley Now available at Paris Gallery
Great Moments Manero Flyback accompanies Swiss National Soccer Team To Russia
The Lacoste Moon Collection
Boss watches presents Master Collection
Axalta and Mohamed Naser Al Sayer Toyota Service Body Shop Go Green in Kuwait
Mido Baroncelli - A Trilogy of Limited Editions
Summer Romance in the air with Max's new seasonal Collection
Liali Jewellery gets the Capillary Technologies boost to enhance customer engagement
Celebrate Eid Al-Fitr with Emaar Entertainment
Medeor 24x7 International Hospital, Al Ain - Quran Competition
Etisalat launches the Middle East's first Apple Watch Series 3 with built-in cellular
Celebrate Eid Al Fitr at Dubai Festival City
GUESS Trend Alert | The Summer Blues
GSK distributes 8,500 ecofriendly Iftar meal bags to people across the GCC
Back to the 90s with GUESS Originals
Nikai Group supports Al Noor Centre with assistive technology devices
Kitchen Design from a Single Source: GROHE Sets Holistic Design Accents with Its...
Hormann Introduces door type V3009 for integration in conveyor systems
Beautiful Freaks
The Dubai Business Women Council enhances the skills of its members through the ...
Year of Zayed Celebrated in a Short Film Featuring Renowned Businessman and Phil...
Emirati double amputee becomes first in the region to receive 3D printed transti...
dnata acquires majority stake in baggage storage and delivery service company, DUBZ
Jawaher Al Qasimi Makes Worldwide Plea to Strike Child Labour at its Very Roots
Emirates Aviation University announces new scholarship awards
The Timekeeping Starts Now!
Maserati joins Cash & Rocket Tour 2018
FBMA Launches The Fatima Bint Mubarak Sports Library
Facebook for iPhone now available in Arabic