Sharjah [
UAE
), April 9 (ANI/WAM): The
UAE
–
Lithuania
The Business Forum, which took place today, Wednesday, at the Sharjah Chamber of Commerce and Industry (SCCI), highlighted avenues for improving mutual economic ties and broadening collaboration in promising fields such as technology and renewable energy.
Organized by the Federation of
UAE
Chambers of Commerce and Industry, the forum highlighted the positive momentum and rapid growth in
UAE
–
Lithuania
links, strengthened through various strategic accords and memorandums of understanding. Included among these is the recent MoU signed between the parties.
UAE
Chambers along with the Association of
Lithuania
In chambers of commerce and industry, paving the way for potential cooperation and expansion in reciprocal investments.
The conference was attended by
Abdallah Sultan Al Owais
, Deputy Chairperson of the Federation
UAE
The Chambers of Commerce and Industry, represented by the chairman of SCCI together with Sigitas Gailiunas, who is the president of the association,
Lithuania
In chambers of commerce and industry, and Ramūnas Davidonis, ambassador of
Lithuania
to the
UAE
.
Present as well were Mohammad Ahmed Amin Al Awadi, who serves as the Director-General of SCCI, and Ahmed Juma Al Qaizi, holding the position of Assistant Secretary-General.
UAE
Chambers was attended by Fatima Khalifa Al Muqarrab, who serves as the Director of the International Relations Department at SCCI, along with a gathering of investors and local business figures.
Delivering his opening speech,
Abdallah Sultan Al Owais
welcomed warmly and cordially
Lithuania
In delegation, noting that the forum embodies the
UAE
Chambers’ persistent dedication to backing the
UAE
‘s strategic vision of diversifying global economic partnerships and strengthening its position as a regional and international hub for trade and investment.
He noted that the
UAE
–
Lithuania
The Business Forum acts as a venue for discovering fresh avenues for collaboration and expansion within the private sector of both nations, simultaneously encouraging enhanced trade relationships and wider investment possibilities.
Al Owais referred to the
UAE
s top-notch infrastructure and business-friendly legal and regulatory environment as crucial facilitators for
Lithuania
n businesses seeking regional market access. He also highlighted the growing significance of cross-border collaboration amid current global economic challenges.
He stated, “We acknowledge that in our interconnected globe, international collaboration has become increasingly vital. We anticipate exchanging knowledge and boosting investments with them.”
Lithuania
In the private sector within regions, especially in promising fields like technology, advanced manufacturing, and green energy.
“With the
UAE
‘s forward-looking economic approach and its commitment to future-focused investment, this forum presents an ideal platform to foster knowledge-sharing, identify new business ventures, and build enduring partnerships that will yield mutual benefits for our two nations,” Al Owais added.
In turn, Sigitas Gailiunas reiterated the dedication of the Association of
Lithuania
To boost its presence and consistent involvement in bilateral forums that foster business-to-business interactions and enhance investment opportunities between countries, Chambers of Commerce have taken significant steps.
UAE
and
Lithuania
.
He said that that
Lithuania
provides an environment favorable for technology start-ups, supported by robust skills in software engineering, information technology, and telecoms. The individual emphasized that businesses from the UAE possess the capability to establish profitable investment collaborations within these fields.
The forum included a range of presentations and panel discussions focusing on prominent investment opportunities for potential partnerships and collaborations.
UAE
and
Lithuania
n private sectors.
The main subjects covered were innovation, cutting-edge technology, and renewable energy sources. There was special emphasis placed on environmentally friendly technologies as an area ripe for collaboration between the nations. These domains resonate well with each country’s pledges to decrease carbon emissions and support worldwide trends towards sustainability and the uptake of cleaner power solutions.
At the event, the Sharjah Chamber emphasized the emirate’s strong appeal for investments by presenting an overview of the lucrative prospects spanning multiple fields such as manufacturing, logistics, tourism, education, healthcare, and the creative industry.
The presentation outlined extensive support systems and assistance services designed for investors looking to set up or grow their enterprises within the emirate of Sharjah.
On the sidelines of the forum, SCCI signed two Memoranda of Understanding with the Chamber of Commerce, Industry, and Crafts in Siauliai, and the Chamber of Commerce, Industry, and Crafts in Kaunas,
Lithuania
.
The primary objective of these strategic accords is to fortify economic collaborations between the commercial sectors of both nations. These pacts detail collaboration through reciprocal exchanges of trade missions and dialogues focused on exports and economics, facilitating subsequent visits for further engagement, and synchronizing the creation and growth of a business framework designed to ease opportunity sharing amongst association members.
The Memorandums of Understanding also encompass clauses for exchanging business-related information and figures, collaborating on scientific investigations, and taking part in commerce fairs, showcases, and symposiums. Additionally, they promote the dissemination of skills, insights, and educational programs. (ANI/WAM)
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).