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 European companies keen to invest in SAIF Zone

20/09/2016

​A delegation with senior representatives of different European companies and organizations from six countries: Britain, Belgium, Italy, Greece, Hungary and Lithuania toured Sharjah Airport International Free Zone (SAIF Zone) recently.

The tour was as part of the UAE-Europe Business Forum that was organized by the Sharjah Chamber of Commerce & Industry (SCCI) in cooperation with the London Chamber of Commerce & Industry.

 In a meeting with Saud Salim Al Mazrouei, Director of SAIF Zone and Hamriyah Free Zone Authority (HFZA), members of the European delegation expressed their aspirations for more fruitful cooperation between their companies and SAIF Zone.

"We have very strong economic relationships with the companies from the European Union, and through such tours, we seek to develop these relationships and increase mutual trade benefits," said Al Mazrouei during his discussion.

"There are many promising opportunities in SAIF Zone and many incentives an investor can enjoy", he further added.

 Al Mazrouei introduced the guests to the projects and latest activities in the free zone, and explained the most important services and advantages offered by the free zone to them.

 Delegates represented different industries such as architecture, renewable energy, oil and gas, education, fashion and design, IT, food and beverages, tourism, logistics, business services, construction, consultation, and healthcare.

 According to figures released by the European Commission, the UAE is the seventh biggest European Union's export market, and the 14th biggest trade partner. It is also the 14th biggest British export market.