Shurooq, ISPAT inks an agreement
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In an effort to strengthen business relations and develop reciprocal cooperation between Sharjah and Turkey, His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, member of the Supreme Council and Ruler of Sharjah, and Turkish Prime Minister Recep Tayyip Erdoğan, Sharjah Investment and Development Authority (Shurooq) signed a Memorandum of Understanding (MoU). The agreement was signed between Shurooq and the Republic Of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT).
Shurooq chairperson HE Sheikha Bodour bint Sultan Al Qasimi said that trade between the UAE and Turkey has not only been highly mutually beneficial, but that future forecasts are extremely positive. The relationship, however, goes well beyond just trade and investment, citing both historical and cultural ties between the two, as well as focus on tourism and transport sectors.”
Under the terms of the MoU Sharjah and Turkey will aim to promote investment opportunities available in their respective countries with aim of encouraging bilateral investments. Shurooq and ISPAT have agreed to encourage, promote and facilitate investment and development cooperation among their respective business communities as well as to coordinate, establish, and expand a business network, which will facilitate the circulation of the various business opportunities available in both countries.