The Sharjah Chamber of Commerce and Industry is leading a trade mission to Kenya and Uganda from November 11th to 14th, with the objective of fostering stronger trade relations. The mission includes investment forums, workshops, and one-on-one meetings to enhance partnerships in various sectors. Non-oil trade between the UAE and Kenya reached over $3 billion in 2023, indicating the increasing economic collaboration with East Africa.
The Sharjah Chamber of Commerce and Industry, through the Sharjah Exports Development Centre, has initiated a significant trade mission to Kenya and Uganda from November 11th to 14th, aimed at bolstering economic connections between the UAE and East African regions. Under the leadership of Chairman Abdallah Sultan Al Owais, the mission will emphasize sectors including oil, construction, logistics, and food, thereby enhancing bilateral trade. The delegation’s itinerary in Kenya features an investment forum that will include workshops and panel discussions to delve into investment opportunities. This will be succeeded by personalized meetings designed to create business partnerships between Emirati and Kenyan entrepreneurs. Subsequently, the mission will transition to Uganda, where a similar investment forum will focus on infrastructure and oil sector growth, along with site visits to local enterprises. This trade mission underscores the increasing economic interactions between the UAE and East African nations, illustrated by the substantial $3 billion in non-oil trade between the UAE and Kenya in 2023, alongside notable growth in trade with Uganda in recent years.
The Sharjah Chamber of Commerce and Industry plays a pivotal role in fostering economic development through international trade missions. By focusing on East Africa, the Chamber is recognizing the region’s growing importance in global trade dynamics, particularly in sectors where both regions can mutually benefit. The strengthened trade relations between the UAE and countries like Kenya and Uganda represent a strategic push towards diversifying economic ties and enhancing investment opportunities for Emirati businesses.
In conclusion, the Sharjah trade mission to Kenya and Uganda represents a significant step in enhancing bilateral trade ties and exploring investment opportunities across key sectors such as oil, construction, logistics, and food. The initiative highlights the growing economic partnership between the UAE and East Africa, paving the way for future collaborations and mutual growth.
Original Source: www.dubaieye1038.com
