The Dubai Investment Development Agency (Dubai FDI) and the Sharjah Investment and Development Authority (Shurooq) have tied up to explore possibilities for jointly organising exhibitions, roadshows and other events all over the UAE and around the world, said a press statement.
The two parties will also support each other in attending similar events abroad.
Dubai FDI and Shurooq will also encourage, promote and facilitate investment and development co-operation among their business communities to the mutual interests of both sides and in accordance with the laws and regulations of the country.
It has also been agreed to exchange relevant research reports and trade data and conduct joint researches wherever needed. The two sides will also exchange economic statistics, publications, magazines, periodicals, directories, and information on laws and regulations governing economic and business activities etc. for their respective business communities.
The agreement is aimed at attracting investment into the UAE.
As per the partnership agreement signed between the two parties, Dubai FDI and Shurooq will collaborate to identify potential source markets, present the business advantages of the respective emirates to investors abroad and facilitate their entry to the UAE.
Fahad Al Gergawi, Chief Executive Officer of Dubai FDI, said: “One of its major strengths of Dubai FDI is being part of a global network of investment promotion agencies working in close partnership with governments and investor groups. We also represent the Middle East and North Africa (Mena) region as Director in the World Association of Investment Promotion Agencies (Waipa).”
Marwan bin Jassim Al Sarkal, CEO of the Sharjah Investment and Development Authority (Shurooq), said: “The UAE’s greatest strength lies in its unity, the ability and willingness of its seven emirates to work together to build the nation. Through this MoU we have taken yet another step to consolidating our efforts to support growth not just within our own emirates but in our country as a whole.”