SHARJAH: Hamad Ali Abdalla Al Mahmoud, Chairman of Sharjah Economic Development Department (SEDD), received a delegation from Ministry of Investment headed by Mohammed Abdul Rahman Al Hawi, Undersecretary of the Ministry of Investment, accompanied by Mr. Marwan Al Naqi, Director of the Foreign Investment Department.
This meeting was held to provide all capabilities to the business sector, investors and dealers to contribute to achieving sustainable economic development in a way that serves the various economic sectors in the Emirates, in implementation of the directives of the wise leadership in the country.
The two parties discussed number of common matters and the national efforts made as well as their integration at the federal and local levels in creating an appropriate and attractive business environment for investors in various fields, and establishing a stimulating work system for establishing and developing projects and moving them to global levels.
The delegation was also briefed on the licensing
mechanisms provided by SEDD, through a set of services and procedures that are considered essential for conducting business in the emirate in accordance with the highest standards and practices followed. Also, the possibility of creating opportunities for licensed companies in the emirate for foreign direct investment in priority sectors was discussed, by implementing the Ministry’s competencies contained in Federal Decree Law No. 37 of 2023. In addition, the two parties highlighted the mechanism for addressing all challenges facing investors, to increase the competitiveness of countries.
By the end of the meeting, the two parties stressed on the importance of strengthening future cooperation in a way that goes in line with government service standards. Also, they pointed out the importance of holding such meetings in the future because of their role in accelerating development processes, enhancing the investment movement in the country, and unifying mutual efforts and work between the two parties.
Source:
Emirates News Agency