Sharjah: The Sharjah Chamber of Commerce and Industry (SCCI) and the Lao People's Democratic Republic (Lao PDR) have embarked on a collaborative venture to enhance economic relations and forge sustainable partnerships between the business communities of Sharjah and Laos. The focus of the discussions was on promoting bilateral trade and investment flows, expanding into new avenues to serve the shared economic interests of both markets. The meeting was held at the Sharjah Chamber's headquarters and attended by Abdallah Sultan Al Owais, Chairman of SCCI, Saleumxay Kommasith, Deputy Prime Minister of Laos, and other dignitaries.
According to Emirates News Agency, Oudet Souvannavong, President of the Lao National Chamber of Commerce and Industry (LNCCI), and Abdul Aziz Al Shamsi, Assistant Director-General for Communication and Business Sector at SCCI, were also present, along with representatives from the business and private sectors of both Sharjah and Laos. The meeting emphasized exploring investment opportunities and establishing direct communication channels to increase collaboration across mutual interest sectors. Sharjah and Laos identified key opportunities in industry, logistics, trade, tourism, education, agriculture, energy, mining, and manufacturing industries.
The session culminated in the signing of a Memorandum of Understanding (MoU) between SCCI and LNCCI, aiming to strengthen bilateral trade relations and facilitate economic cooperation. The MoU outlines mechanisms for information exchange, coordination of trade delegations, joint missions, and digital dissemination of commercial publications. It also includes promoting investment opportunities, capacity-building, knowledge transfer, and enhancing participation in exhibitions, seminars, and business forums in both countries.
Abdallah Sultan Al Owais affirmed SCCI's commitment to supporting Sharjah's efforts to diversify its economic partnerships and enhance its global trade and investment footprint. He noted Sharjah's investor-friendly environment, advanced infrastructure, flexible regulatory frameworks, and strategic geographic location connecting regional and global markets.
Saleumxay Kommasith expressed gratitude for the reception and praised SCCI's role in supporting the private sector and facilitating the business environment. He emphasized Laos' commitment to strengthening economic and investment cooperation with Sharjah.
The official meeting was followed by one-on-one business meetings between entrepreneurs from both sides, exploring potential cooperation in food security, agricultural manufacturing, real estate development, eco-tourism, technology, and digital transformation, capitalizing on regulatory facilitation and strong bilateral relations between the two countries.
