The Sharjah Chamber of Commerce & Industry (SCCI) delegation concluded its official visit to Russia on the sidelines of the UAE – Russia Forum organized by the Sharjah Exports Development Centre (SEDC) in Moscow and St. Petersburg.

The four-day visit aimed at reviewing means of developing the exports of productive facilities and acquainting the private sector with emerging sectors to serve the interest of business communities in both Sharjah and St. Petersburg.

St. Petersburg Chamber of Commerce and Industry was the second and last destination of the SCCI delegation’s visit to Russia, where HE Abdullah Sultan Al Owais, SCCI’s Chairman and HE Sheikh Majid Faisal Khalid Al Qasemi, SCCI’s First Vice Chairman met with HE Vladimir Katenev, the President of the St. Petersburg Chamber of Commerce and Industry.

The meeting underlined the importance of exerting further efforts to develop and reinforce the fields of economic cooperation between the UAE in general, and Sharjah in particular with Russia.

The meeting was also attended by Jamal Bu Zinjal, Head of Media Department, Ekaterina Lebedeva, Vice-President of the St. Petersburg Chamber of Commerce and Industry, Jassim Al-Mutawa, Consultant of Relations with the Commonwealth of Independent States, Lamia Abdulrahman Al Jasmi, Senior Executive of National Industries Development, Sultan Abdullah Al Ali, National Industries Development Executive, Sharjah Export Development Center and a number of business and investors from Sharjah and St. Petersburg.

New Cooperation Prospects

The meeting was followed by the kick-off the UAE – Russia Forum activities which were attended by members of the SCCI mission and their counterparts from St. Petersburg Chamber.

At the outset, HE Vladimir Katenev delivered a speech, through which, he expressed his happiness and gratitude to the SCCI delegation for their visit to St. Petersburg to meet with the Russian businessmen who are keen on opening up new avenues for trade and investment cooperation with their counterparts in Sharjah.

Katenev spoke about the partnership between the SCCI and St. Petersburg Chamber, noting that about 700,000 Russian citizens visit the UAE annually, in addition to the economic and trade cooperation volume between the two cities, which has amounted to $ 60 million.

He highlighted the advantages and incentives of the investment environment of the Emirate of Sharjah, in addition to being one of the most important cities in managing and organizing the exhibitions across the region.

“This forum would help enhance the mutual visits and missions as they are considered the perfect way for increasing the trade exchange volume between the two sides,” added Katenev.

Taking Advantage of Investment Opportunities

In turn, HE Abdullah Sultan Al Owais said: “Through its partnership relations and cooperation with Russian chambers of commerce, the SCCI is keen on enhancing the joint efforts to make use of the rewarding investment opportunities in the industrial and commercial sectors.”

Al Owais pointed to the historic relationship between Sharjah and St. Petersburg, which is witnessing the organization of enormous joint cultural events, the last of which was the “Sharjah Week” organized by the Department of Government Relations, Sharjah, in Saint Petersburg last July. This reflects the deep relationship between the UAE and Russia in various fields of common interest for both countries.

Al Owais thanked all those who took part in organizing the forum for their efforts in paving the road of such a remarkable communication between the investors and businessmen from both countries, hoping that this forum will yield outstanding outcomes on all tracks in the near future.

He called on the Russian businessmen to participate in trade and industrial exhibitions organized by the Expo Centre Sharjah, pointing to the importance of exhibitions industry in fostering the cooperation between the two cities and the positive outcomes of such exhibitions on other sectors.

Holding Partnerships

The forum concluded with holding bilateral meetings between the businessmen form Sharjah and their counterparts from St. Petersburg. The meetings discussed the investment opportunities and advantages provided in order to hold partnerships for the benefit of the private sector in terms of raising the trade exchange volume and establishing projects in different sectors.