ABU DHABI / WAM
The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Sharjah FDI Office (Invest in Sharjah) signed a Memorandum of Understanding (MoU) to promote cooperation and capacity building.
Both entities agreed to work together to position the UAE as an ideal destination for trade and investment, highlighting the country’s stable and secure environment, investor-friendly regulations, and advanced trade finance infrastructure.
The MoU sets out a framework for MoFAIC to facilitate trade and investment meetings through its diplomatic missions abroad, engage in information exchange, and develop the capabilities of the diplomatic corps in the field of investment and trade promotion.
Dr. Abdulnasser Alshaali, Assistant Minister for Economic and Trade Affairs at MoFAIC, said, “The MoU with the Sharjah FDI Office is the first of many that aim to increase cooperation to promote the UAE as an ideal investment destination while leveraging the experience of Investment Promotion Agencies (IPAs) to hone the skills of Emirati diplomats.”