The Sharjah Chamber of Commerce and Industry (SCCI) hosted the UAE-Jordanian Business Forum in cooperation with the Jordanian Business Council in Dubai and the Northern Emirates. SCCI organized the event as part of its commitment to promoting greater trade and economic cooperation between the UAE and Jordan, which posted a trade exchange of AED 1.7 billion last year.

Held under the patronage of Sharjah Crown Prince and Deputy Ruler H.H. Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, the meeting was attended by Jordanian Minister of Finance Dr. Mohammed Abu Hammour; SCCI Chairman Ahmed Mohammed Al Midfaa; SCCI Director General Hussein Mohammed Al Mahmoudi; Juma Mohammed Al Kait, Executive Director -Foreign Trade Affairs, UAE Ministry of Foreign Trade; and other high-ranking officials, business leaders and businessmen.

In a speech delivered during the forum, Al Midfaa said: “This gathering affirms the strong trade, economic, business and investment ties between the UAE and Jordan. It also complements our government`s efforts to further develop this partnership, enhance communication between our nations` businesses, and address challenges faced by the business communities of Sharjah and Jordan and the region in general. We are confident that such forums will improve our ability to provide the Chamber`s members with promotional, legal and operational services that adhere to the highest international standards.”

“Today we aim to launch key projects and initiatives that support our respective investment expansion goals and will leverage our current movement towards economic recovery. Our efforts are founded on H.H. Sheikh Sultan`s vision of attaining more economic openness and expanding Sharjah`s local and international investment opportunities,” he added.

For his part, Ihsan Al Katawna, Head of the Jordanian Business Council; said: “We are pleased to cooperate with SCCI in enhancing the economic, social and commercial bonds between the UAE and Jordan. We believe that the joint committee will play a vital role in strengthening our business ties and encouraging mutual investments as we transition to economic recovery. We look forward to collaborating further with the Chamber, which has emerged as one of the more active government bodies engaged in reinforcing the position of Sharjah and the UAE in general as a leading economic hub in the region. We hope it will continue to organize more activities that support bilateral trade and investment and identify challenges and opportunities arising from the evolving global economy.”

During the forum, SCCI`s Al Midfaa and former Minister of Tourism, and the former president of Aqaba Economic Authority Commission; Nael Al Kabariti, signed an agreement to exchange information on the investment environments of Sharjah and Aqaba in order to expand trade, investment and economic cooperation. The two chambers pledged to accommodate official delegations and economic and trade commissions as well as organize or participate in specialized regional and international exhibitions, seminars, conferences, technical sessions and other related events to enhance the promotional tools of the UAE and Jordan.

A Memorandum of Understanding (MoU) was also signed between SCCI and the Jordanian Business Council to further promote investments and energize trade and economic activities within and between the two countries. The signatories agreed to exchange trade and investment information and opportunities of benefit to their members. They will also link their websites in order to exchange publications and provide updates on their respective economies. The two sides further committed to encouraging their members to participate in trade exhibitions scheduled at the Sharjah Expo Center.

The MoU also stipulates the formation of a joint committee tasked to promote trade and investment, follow up joint initiatives, and encourage business dialogues through events such as workshops, seminars and conferences Other activities held during the forum were a documentary film screening on the Hashemite Kingdom of Jordan which presented the local economy and growth sectors such as transport, education, health, tourism, telecommunication and energy; Jordan`s qualified human resources, and modern infrastructure; panel discussions supervised by Al Mahmoudi and joined by Biltaji and Al Kabariti; and meetings between businessmen focusing on predicted post-crisis regional business and investment conditions and vital employment issues.