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Sharjah, US look for closer commerical ties

Dubai: Sharjah and the United States signed an agreement on Tuesday to improve trade and investment prospects between the emirate and country.

The Memorandum of Understanding (MoU) signed between the Sharjah Investment and Development Authority (Shurooq) and the US Chamber of Commerce aims at promoting investment, trade, technical and economic cooperation, enhancing ideas and the exchange of visits by investment delegations between the United State and Sharjah, Shurooq said in a statement.

The MoU was signed by Marwan Bin Jassim Al Saral, Shurooq chief executive, and David C. Chavern, US Chamber of commerce executive vice-president and chief operating officer.

“Sharjah has a great deal to offer American businesses looking to find a home base in the Middle East and our aim with this agreement is to create awareness about Sharjah’s extensive offering and unique advantages,” Al Sarkal stated.

Chavern stated that the MoU “is a milestone in the relationship between the US Chamber of Commerce and Shurooq. It speaks to our commitment to promote Sharjah as a leading investment destination.”

The signing of the MoU follows last year’s Sharjah Roadshow in the US that was organised by Shurooq.