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 Portuguese Business Council team visits SAIF Zone

13/06/2016

A delegation from the Portuguese Business Council in Dubai visited Sharjah Airport International Free Zone (SAIF Zone) recently to identify possible investment opportunities and cement their trade relationships with SAIF Zone.

The delegation, which was led by Caetano Leito was received by Raed Bukhatir, Deputy Director of Business Development.

Raed Bukhatir elaborated on the features and facilities of the SAIF Zone to the delegation. During the meeting Cayetano Leitao mentioned that many Portuguese companies want to set up business in SAIF Zone.

Saud Salim Al Mazrouei, who expressed his happiness over the visit said that this is result of SAIF Zone's recent promotion tours to the Portuguese cities of Porto and Lisbon. He also mentioned that SAIF Zone had signed a Memorandum of Understanding with the Portuguese Industrial Association - Chamber of Commerce and Industry (AIP-CCI) recently to enhance the volume of investment and trade.

"This visit will help the Portuguese Business Council to get closer to the varied opportunities available here. With its excellent infrastructure and modern facilities, SAIF Zone is the ideal gateway for new business opportunities", said Al Mazrouei while inviting Portuguese companies to Sharjah Airport Free Zone.

Currently over 18 companies from Portugal are operating from SAIF Zone. In total the zone has over 7000 companies which carry out varied business activities like light to medium manufacturing, trading and provide services like IT and consultancy.

According to statistics, the non-oil revenue of commercial transactions between UAE and Portugal for goods and services in 2015 was valued at US$500 million and with this new chapter of bilateral relations, they expect the amount to at least double to $1 billion by 2017.