Shurooq CEO meets Argentine ambassador to discuss means of cooperation
- United Arab Emirates: Wednesday, January 09 - 2013 at 16:23
- PRESS RELEASE
H.E Marwan bin Jassim Al Sarkal, CEO of the Sharjah Investment and Development Authority (Shurooq), recently received H.E Ruben Eduardo Caro, Argentine Ambassador to the UAE, at Shurooq's head office in Sharjah.
Al Sarkal emphasized the distinguished relationship between the UAE and Argentine, highlighted Shurooq's mission, vision and strategic goals, and briefed the Argentine ambassador on the landmark projects undertaken by Shurooq in the country, and Sharjah in particular.
Shurooq CEO highlighted investment opportunities available in the UAE and Sharjah, stressing that the UAE is fertile ground for investment in various sectors as it provides an exceptional opportunity for international companies to enter the region's markets.
"The UAE enjoys a strategic location, offering a gateway to Asia and Europe's markets," Al Sarkal said. He also highlighted other benefits and privileges for Argentinian investors, including flexible legislation and rules.
Al Sarkal underlined Sharjah's interest in strengthening avenues of economic cooperation with Argentina and expressed the hope that the visit would yield positive outcome, and that it would contribute to developing relations between the two friendly countries.
He expressed his wish to visit Argentina to gain better insight into its economic and developmental experience in all fields. Al Sarkal called for the need to enhance economic cooperation and explore further potential investment opportunities in order to build a promising investment and trade partnership between the countries.
Argentine ambassador praised the impressive development witnessed by the UAE in all sectors, and lauded the privileges granted by investment laws to foreign investors in the UAE.
He expressed his profound appreciation to Shurooq for its effective role in supporting and boosting UAE-Argentina economic ties, adding that he hoped such meetings would yield a fruitful economic and investment partnership.
The Argentinian envoy invited the Shurooq CEO to visit Argentina to promote Sharjah's immense business potential and investment opportunities. He also received an invitation to attend a seminar on investment opportunities in Argentina, which will take place in Abu Dhabi on 15 January in the presence of Cristina Fernandez, the President of Argentina, who will lead a high level delegation during a visit to the UAE later this month.
He thanked Shurooq and the Sharjah Department of Culture and Information for hosting an Argentine band whose performances were aimed at enlightening and informing the UAE community about Argentina's heritage.
Trade between Argentina and the UAE amounted to Dhs1bn ($300m) in 2011, and Argentine exports to the UAE are expected to reach Dhs6.7bn ($1.83bn) over the next five years. Meat and poultry products constitute the largest share of Argentina's exports to the UAE.
The government of Argentina is currently planning to set up the first centre in Dubai to re-export Argentina's products to world markets. It is expected to be a global hub for exporting Argentina's agricultural, industrial, animal and fish products to markets in the UAE, the Middle East, Africa and South Asia.
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