The Ministry of Investment is committed to developing the country’s investment vision and improving the investment environment domestically to boost competitiveness and position the UAE as a global investment hub. The goal is to attract investment companies and increase industry growth from 3% to 7% by 2030. During a meeting with Sheikh Saeed bin Surour Al Sharqi, the Chairman of the Board of Directors of the Fujairah Chamber of Commerce and Industry, and a delegation from the Ministry of Investment led by Marwan Al Naqbi, the Ministry’s chief advisor, this vision was discussed in detail.
The meeting also included Surur Hamad Al Zohari, Vice Chairman of the Chamber’s Board of Directors, Sultan All Al Handasi, Director General of the Chamber, Muhammad Obaid bin Majid, Director of the Fujairah Department of Industry, and officials from Fujairah Port, Fujairah Petroleum Industry Zone, and Fujairah International Airport. The discussions focused on aligning national efforts at both federal and local levels to create a favorable business environment that supports investors in various sectors.
Sheikh Saeed Al Sharqi emphasized the importance of collaboration between the Chamber and Ministry to attract foreign investments and conduct promotional campaigns that showcase investment opportunities in Fujairah. He highlighted that their joint efforts would help elevate projects to a global scale and drive economic growth in the region. Moreover, Marwan Al Naqbi stated that partnerships with key stakeholders are crucial for achieving these objectives and enhancing UAE’s appeal to potential investors.
In conclusion, it is clear that both parties recognize each other’s importance in achieving their respective goals. By working together closely, they can create an environment conducive to business growth while ensuring that it remains attractive to foreign investors. As such, it is important for them to continue collaborating on initiatives aimed at creating new opportunities for businesses while maintaining existing ones.
