Sharjah Airport International Free Zone (SAIF Zone) has signed a memorandum of understanding (MoU) with the Portuguese Industrial Association - Chamber of Commerce and Industry (AIP-CCI) to enhance mutual cooperation in the areas of investment and business.

The agreement was signed by Saud Salim Al Mazrouei, director of SAIF Zone and Hamriyah Free Zone Authority and Jorge Pais, vice president of AIP – CCI, said a statement from the free zone.

The ceremony which took place in Lisbon, Portugal was attended by senior officials from SAIF Zone and AIP-CCI, it said.

Both sides will share knowledge and information, technical expertise, ensure the cooperation between companies and promote research and innovation in small and medium enterprises (SMEs). Mutual visits, briefings, training and development sessions and exhibitions are the other planned programmes, it added.

Additionally, both parties will refer investors to each other, further said the statement.

Al Mazrouei said: “The MoU will help both parties to enhance the volume of investment and trade. We are happy to sign a deal with one of the oldest chambers of commerce and industry associations in Europe.”

“This will lead to more investment opportunities. We have excellent infrastructure and modern facilities at SAIF Zone, which is an ideal gateway for new business opportunities,” he said.

“This MoU will further foster fraternal business relationships between the emirate of Sharjah and Portugal,” he added. - TradeArabia News Service