SHARJAH, (Pakistan Point News - 01st Jul, 2018) The Sharjah Chamber of Commerce and Industry, SCCI, took part in the 21st Arab-German Business Forum, which was held in Berlin on 26th and 27th June.
The SCCI was represented at the forum by a delegation headed by Abdallah Sultan Al Owais, Chairman of the SCCI.
At the forum, SCCI held discussions with participating German and Arab bodies on developing stronger economic relationships, expanding cooperation and investment opportunities, and exchanging knowledge and expertise between Sharjah and the various German sectors and participating countries.
The forum was attended by more than 600 Arab and German businesspeople, specialists and political and economic decision-makers.
Al Owais, also a member of the board of directors of the Arab-German Chamber of Commerce and Industry, stated that the Sharjah Chamber is keen to participate in the future editions of the forum, and emphasised the importance of building economic relations between the Arab countries and Germany. He remarked that German investments in Arab countries remain limited, and that the Sharjah Chamber is working with its Arab and German counterparts to strengthen German investments in Arab countries.
Al Owais added that SCCI’s delegations have concentrated their efforts in encouraging both German officials and the German business community to forge relationships with Sharjah’s business community and to invest in the emirate. The aim is to take advantage of its strategic location, flexible legislation, advanced infrastructure and the attractive features and services that are provided by the chamber and the various government entities in the emirate to the private sector.
The volume of Arab investments in Germany has exceeded EUR100 billion, which makes the Arab countries some of the largest investors in the German economy. Furthermore, the volume of trade exchange between the Arab countries and Germany has reached EUR50 billion per year, which exceeds the volume of trade exchange between both Germany and Africa, as well as Germany and South America.
