Sharjah Chamber explores private sector trade and investment opportunities with Nepal

SHARJAH, 4th September 2024 (WAM) – The Sharjah Chamber of Commerce and Industry (SCCI) has discussed ways to enhance trade and investment cooperation between the business community in the emirate and its counterpart in Nepal.
The talks highlighted the commitment of UAE companies to diversify their investments and the opportunities to establish strategic partnerships with Nepalese companies at the private sector level, which will leverage the strong ties between the two countries to open new trade opportunities.

The discussions took place during a meeting between Sheikh Majid Faisal Khalid Al Qasemi, First Vice Chairman of the Sharjah Chamber of Commerce and Industry, and Tej Bahadur, Nepal’s Ambassador to the United Arab Emirates.
The meeting focused on the potential signing of a Memorandum of Understanding (MoU) aimed at strengthening trade ties between the United Arab Emirates and Nepal’s private sector.

The MoU will seek to promote mutual economic interests by increasing exports in sectors such as trade, handicrafts, gold and agriculture. The move is also expected to strengthen food security and promote sustainable development in both countries.
During the meeting, Sheikh Majid Al Qasemi highlighted the steady growth of economic relations between the UAE and Nepal, noting that the UAE is a key trading partner for Nepal beyond oil.
He stressed the importance of mutual visits for strengthening cooperation between the private sectors of both countries, as well as for exploring new opportunities in areas such as food security, tourism projects and investments in renewable energy sources.

For his part, Mohammad Ahmed Amin Al Awadi, Director General of SCCI, highlighted that Sharjah is known for its competitive investment advantages and strategic benefits, citing the emirate’s attractive business environment and innovative facilities provided by the Sharjah Chamber of Commerce. These services aim to help investors develop their businesses and create a supportive framework for business growth and prosperity.
Al Awadi also encouraged Nepalese companies to participate in the Watch and Jewellery Middle East Show and ExpoCulinaire, which are organised annually by Expo Centre Sharjah.