The Sharjah Chamber of Commerce and Industry (SCCI) and the Malaysia Trade Centre recently discussed ways of developing economic relations and expanding trade between Sharjah and Malaysia, a media report said.

The meeting was held between Mohamed Ahmed Amin, acting director-general of SCCI and Omar Mohammed Salleh, trade commissioner of the Malaysia Trade Centre at the SCCI headquarters, reported Emirates news agency Wam.

The two sides agreed to increase joint efforts to promote economic cooperation and the available investment opportunities in both countries, in addition to encouraging businesspeople in both Sharjah and Malaysia to build fruitful and long-lasting partnerships.

Amin stressed the keenness of the chamber to increase mutual cooperation between Sharjah and Malaysia. He also said that the chamber welcomes Malaysian investments from various economic sectors, as well as the exchange of expertise and the establishment of joint projects between both countries.

Amin highlighted the various investment opportunities in Sharjah, which characterise the emirate’s status as a leading economic centre worldwide for establishing businesses that can act as an entry point into the region’s markets. He also presented an overview of the most prominent economic exhibitions and conferences that Expo Centre Sharjah organises throughout the year, which attract the world’s largest companies and brands under its roof.

He called upon the trade commissioner to encourage Malaysian companies and investors to take advantage of the facilities and incentives that the chamber offers to foreign investors, as well as the services that it has for the business community in the emirate.

Salleh also praised the development that is being witnessed in the emirate. He highlighted that the centre is keen to enhance cooperation with the chamber in order to develop economic relations between Malaysia and Sharjah, and to boost trade exchanges and mutual investments between both sides.

The two sides also examined ways to participate in the exhibitions and conferences that are held in both Sharjah and Malaysia, in addition to exchanging official delegation visits between the two groups in the future. The UAE is considered the country’s largest trade partner in West Asia where it accounts for 32.8 per cent of its total trade volume in the region and the region’s second largest exporter to Malaysia.