Sharjah and Russia held a roundtable discussion in the UAE in order to discuss bilateral investment and trade relations

In order to strengthen bilateral investment and trade relations between Sharjah and Russia, the Sharjah Office of Foreign Direct Investment (Invest in Sharjah), in cooperation with the Russian Business Council, organized a round table «Sharjah-Russia».

The event was held in the presence of Ahmed Obaid Al Qaseer, Chief Executive Officer of the Sharjah Investment and Development Authority (Shurooq) and Oleg Fomin, Consul General of the Russian Federation in Dubai and the Northern Emirates, as well as well-known government officials from Sharjah, business leaders and Russian investors in the emirate.

Sharjah serves as a key investment hub for Russian companies in the UAE, with a total of 777 Russian enterprises operating in various sectors, including industry, services and trade.

Commenting on the round table, Mohammed Juma Al-Musharrakh, CEO of Invest in Sharjah, noted: «The Emirate is an ideal place for Russian companies seeking to enter regional and global markets, thanks to its strategic geographical location, developed infrastructure and an investment-friendly environment. In addition, the emirate’s comprehensive services and incentive packages have significantly contributed to the growth of trade and exports between our two countries, which will exceed 40 million dirhams in 2023.»

Najla Al Midfa, Director General of the Sharjah Entrepreneurship Center, noted that the emirate seeks to expand the exchange of experience between both sides and to awaken the entrepreneurial spirit in the younger generation, giving them the opportunity to take advantage of global opportunities, using the status of Sharjah as a center of innovation and creativity.

Mariam Bin Al Sheikh, Director of the Sharjah Business Women’s Council, said that «SBWC provides women entrepreneurs and business professionals from different countries with an unprecedented opportunity to succeed in the dynamic business landscape of Sharjah, especially from Russia. We recognize the importance of women’s empowerment in business, and with more than two decades of dedicated efforts and a membership of over 2,200 members from various sectors, industries and nationalities, SBWC strives to embody success and entrepreneurship.»