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 bilateral economic ties and broadening collaboration in lucrative fields such as technology and renewable energy.
Organized by the Federation of
UAE
The Chambers of Commerce and Industry emphasized at the forum the favorable progress and swift expansion being witnessed.
UAE
–
Lithuania
links, strengthened through various strategic accords and memoranda of understanding. Included among these are the recent MoU signed between them
UAE
Chambers and the Association of
Lithuania
In chambers of commerce and industry, laying the groundwork for potential collaborations and increasing reciprocal investments.
The conference was attended by
Abdallah Sultan Al Owais
, Vice Chairman of the Federation of
UAE
The Chambers of Commerce and Industry, chaired by the SCCI chairman alongside Sigitas Gailiunas, who is the president of the Association of
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 collection 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 exemplifies the
UAE
Chambers’ persistent dedication to backing the
UAE
envisions expanding its global economic alliances to reinforce its role as both a regional and international center 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 sectors of both nations, simultaneously strengthening commercial ties and expanding investment possibilities.
Al Owais referred to the
UAE
s top-notch infrastructure and business-friendly legal and regulatory environment as crucial facilitators for
Lithuania
In his discussion, he emphasized how companies aim for entry into regional markets. Additionally, he underscored the increasing importance of international cooperation due to present global economic difficulties.
He said, “We recognise that in today’s globalised world, international cooperation is more crucial than ever before. We look forward to sharing expertise and increasing investments with the
Lithuania
n private sector in areas, particularly in high-potential sectors such as 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 expand its presence and enhance consistent involvement in bilateral forums aimed at boosting business-to-business interactions and fostering increased investments between countries.
UAE
and
Lithuania
.
He said that that
Lithuania
provides an environment favorable for technology start-ups, supported by robust skills in software development, information technology, and telecommunications. The speaker highlighted that businesses from the UAE have the capability to establish fruitful investment collaborations in these areas.
The forum included a range of presentations and panel discussions focusing on prominent investment opportunities for partnerships and collaborations.
UAE
and
Lithuania
n private sectors.
Key topics included innovation, advanced technology, and renewable energy, with a particular focus on green technologies as a promising field for cooperation. These sectors align with both countries’ commitments to carbon emission reduction and the global momentum toward sustainable development and clean energy adoption.
At the event, the Sharjah Chamber emphasized the emirate’s strong appeal for investments, presenting an overview of the attractive prospects spanning multiple fields such as manufacturing, logistics, tourism, education, healthcare, and the creative industry.
The presentation also outlined the extensive support systems and assistance services provided for investors looking to set up or grow their enterprises within the emirate of Sharjah.
During the margins of the forum, SCCI signed two memorandums of understanding with the Chamber of Commerce, Industry, and Crafts in Siauliai, as well as with 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 in sending trade missions and engaging in talks concerning exports and economics, facilitating subsequent trips, and synchronizing the creation and growth of a business network designed to ease opportunity exchanges amongst chamber participants.
The MoUs also include provisions for sharing commercial data and statistics, conducting joint research activities, and participating in trade events, exhibitions, and conferences, as well as promoting the exchange of expertise, knowledge, and training opportunities. (ANI/WAM)
Provided by SyndiGate Media Inc.
).
