Sharjah Bolsters Trade Relations with Dominican Republic and India

The Sharjah Chamber of Commerce and Industry (SCCI) has actively pursued stronger international trade and investment ties through recent discussions with the Dominican Republic and India. These engagements aim to foster mutual economic growth and unlock new avenues for collaboration.

Strengthening Ties with the Dominican Republic

His Excellency Abdallah Sultan Al Owais, Chairman of SCCI, met with His Excellency Renso Herrera Franco, the Ambassador of the Dominican Republic to the UAE. The discussions highlighted the Dominican Republic's role as a strategic gateway to Latin American and Caribbean markets, presenting significant opportunities for Sharjah's business community. Al Owais underscored Sharjah's appeal to investors, citing its advanced infrastructure, investor-friendly policies, and comprehensive facilitation services offered by the Chamber. Both sides committed to coordinating reciprocal trade and investment delegation visits and exploring joint business forums to showcase the Dominican Republic's investment landscape to Sharjah's businesses.

Deepening Partnership with India

In a separate meeting, the SCCI reaffirmed its strategic partnership with India, building on the strong foundation of the UAE-India relationship. Discussions focused on deepening the established economic partnership and scaling bilateral trade and business cooperation in coordination with the Indian Business and Professional Council. Al Owais praised the outgoing Indian Consul General for his role in advancing economic and investment collaboration between Sharjah and India. He reiterated SCCI's commitment to supporting Indian companies and investors, aiming to help achieve the shared ambition of increasing bilateral trade to US$100 billion. Notably, non-oil exports from the UAE to India have seen a 75.2% growth, cementing India's position as the leading global destination for UAE non-oil exports.