Abu dhabi: Ras Al Khaimah Chamber of Commerce and Industry has explored new business and investment opportunities during its participation as part of the UAE's official delegation at the UAE-Lebanon Business Forum. On the sidelines of the forum, Mohamed Mosbbeh Al Nuaimi, Chairman of Ras Al Khaimah Chamber, signed a cooperation and twinning agreement with the Chamber of Commerce, Industry and Agriculture in Zahle and the Bekaa in the Republic of Lebanon, represented by the Chamber's President, Mounir Al-Tini.
According to Emirates News Agency, the agreement aims to enhance investment and business opportunities and open wider channels for companies and investors in Ras Al Khaimah and Lebanon. Al Nuaimi emphasised that the Chamber attaches great importance to strengthening and formalising partnerships with chambers of commerce around the world, reflecting its commitment to expanding economic and trade cooperation.
He mentioned that the private sectors on both sides are ready to move from exploring opportunities to establishing concrete partnerships. He added that cooperation agreements provide an institutional framework for companies and investors to identify promising opportunities and build long-term partnerships.
Al Nuaimi highlighted that the UAE-Lebanon Business Forum underscored opportunities to expand trade and investment cooperation between the two countries' business communities and develop joint investments and projects. He noted that the forum discussed the competitive advantages and promising economic potential of the UAE and Lebanon, as well as ways to leverage them to boost bilateral trade and investment.