KHALEEJ TIMES, Wednesday, Jul 11, 2018 | Shawwal 27, 1439
Sharjah, Ethiopia keen to boost economic ties
The Sharjah Chamber of Commerce
and Industry (SCCI) recently held a meeting with a high-level Ethiopian
delegation representing the Addis Ababa Chamber of Commerce and Sectoral
Associations (AACCSA), where they discussed ways to strengthen economic
relationship between both sides. They also focused on opportunities to promote
investments between the business communities of Sharjah and Ethiopia.
The two sides discussed a number of topics, which includes activating the MoUs
signed previously to promote economic relationships between the business
communities of Sharjah and Addis Ababa. The two sides also studied the Addis
Ababa Exhibition and Convention Centre Project and discussed ways where Emirati
investors can participate as partners in the project.
They also reviewed ways to encourage the business communities of Sharjah and
Addis Ababa to take part in the economic exhibitions that are held in both
The meeting was held at the SCCI's headquarters, in the presence of Waleed
AbdelRahman BuKhatir, second vice-chairman of the SCCI; and Elias Geneti,
president of the AACCSA. The meeting was also attended by Mohammed Ahmed Amin,
acting director-general of the SCCI; Fatima Khalifa Al Maqrab, head of
international cooperation department at the SCCI; Abdullah Adam, adviser on
African affairs at the SCCI; Getachew Regassa, secretary-general of the AACCSA;
and Tamarat Armasu, general manager of Addis Abeba Exhibition Centre & Market
BuKhatir reviewed the investment opportunities available in Sharjah's economic
sectors to the delegation. He highlighted the emirate's facilities and
incentives that attract businessmen, such as the ability of foreign investors to
own 100 per cent of their companies in the country, and to extend their resident
visas for up to 10 years, along with their families.
He also expressed the chamber's keenness to provide all possible facilities to
Ethiopian businesspeople looking to invest in Sharjah.