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 >> Banking and Investments

 
  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 6588 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 : Better Life unveils ‘Sicily is my Love' collection from Smeg and Dolce & Gabbana
Next Story : Brazil's fertilizer imports from Arab states up 38 per cent from January to November 2017
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
Treat Your Skin this Summer with Skin Republic's Refreshing Face Masks
Trend Alert! Summer Can Never Be a Forgotten Memory With kate spade
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN”
Caudalie The Des Vignes
Get Your Summer Glow From Within
Palmer's Coconut Oil Formula for Body and Hair
Corum Presents La Grande Vie
Caudalie and Al Jalila Foundation Join Hands for the Launch of ‘Glamour for Good'
LG launches new AI-powered premium LG G7 ThinQ+ flagship for GCC consumers
Manero Flyback A Modern Take on a Retro Style
Tissot Lepine It's making a comeback Vintage
The Memovox Adventure
Express Your Signature Style
Blackberry Key2 Available in the Middle East Starting Today
The Rado HyperChrome Skeleton Automatic Chronograph Limited Edition
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Dubai Parks and Resorts and GEMS Education launch the second annual Summer Camp
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
The Lacoste Family Capbreton Collection
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
Inaugural class of 50 distinguished Qimam Fellows graduates in Riyadh
OMEGA's second "Speedy Tuesday" sells in 01:53.17
Turkish Airlines signed a significant global agreement with American Express Glo...
Beat the heat with mini dresses
Olivia Burton Watercolour Florals
Sandooq Al Watan and DarkMatter Launch Second Phase of "Emirati Coder"
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Director of Dubai Customs discusses fostering business with South Korean Consul ...
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall
UK College of Business & Computing inaugurates its first International campus in DIAC
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliv...
The most anticipated launch of the year - The new Mercedes-Benz G-Class arrives ...
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Airbus unveils winners of its ‘Entaliq in KSA' initiative
World-first as the F1® Innovation Prize prepares to transform fan's winning tech...
CCC identifies the digital tech megatrends to construct a future virtual world
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Enjoy an all-day breakfast at Sophie's Café
CNN's Inside the Middle East explores the rising profile of the Arab film industry
Shopping assistance for Arabic-speaking passengers in the summer months
Etisalat launches region's first ‘Annual Add-on' data packs
Union Coop's ‘Final Reduction' Success leads to ‘Flash Sale' Promotion to deligh...
Outstanding Guide programme launched by Sharjah Museums Authority
Al-Futtaim Toyota delivers a large fleet of Toyota Camry Hybrid Electric Hybrid ...
Milestone Landscaping LLC registered against the provisions of international qua...
Bachelor of Pharmacy Receives International Certification from ACPE
Launch of PINAR Water - Turkey
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
Emirates makes history with one-off A380 touchdown in Islamabad
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards