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​Sharjah Airport International Free Zone (SAIF ZONE) has signed a Memorandum of Understanding with the Portuguese Industrial Association - Chamber of Commerce and Industry (AIP-CCI) on 3rd May, 2016.

The MoU, which was signed by Saud Salim Al Mazrouei, Director of SAIF ZONE and Hamriyah Free Zone Authority and Jorge Pais, Vice President of AIP-CCI aims to enhance mutual cooperation in the sectors of investment and business.

The ceremony, which took place in Lisbon, Portugal, was attended by senior officials from SAIF ZONE and AIP-CCI.

"The MoU will help SAIF ZONE and AIP-CCI to enhance the volume of investment and trade. We are happy to sign this MoU with one of the oldest chambers of commerce and industry associations in Europe," said Al Mazrouei after the signing ceremony. "We are confident that the new MoU will lead to more investment opportunities. We have excellent infrastructure and modern facilities at SAIF ZONE, which is an ideal gateway for new business opportunities. This MoU will further foster fraternal business relationships between the emirate of Sharjah and Portugal," Al Mazrouei added. Al Mazrouei explained that the aim of this MoU is