Sharjah:The Sharjah Chamber of Commerce and Industry (SCCI) has signed a Memorandum of Understanding (MoU) with Al Masraf, aiming to enhance institutional collaboration and explore opportunities to support the UAE's business and economic landscape.
According to Emirates News Agency, the signing ceremony took place at SCCI's headquarters with the presence of key figures including Abdalla Sultan Al Owais, Chairman of SCCI, and Mohamed Ahmed Amin Al Awadhi, Director-General of SCCI. Representing Al Masraf were Fuad Mohamed, Chief Executive Officer, and Ahmad Yousuf, Chief Retail Banking Officer.
The MoU establishes a framework for cooperation, leveraging Al Masraf's banking expertise alongside SCCI's role in supporting the business community and fostering economic development in Sharjah. The partnership intends to enhance engagement with the business community, facilitate knowledge exchange, and identify areas of mutual interest to create a more dynamic business environment.
The agreement highlights a shared commitment between the two organizations to foster partnerships that support enterprise development, encourage innovation, and align with the UAE's broader economic ambitions. Al Awadhi emphasized the MoU's role in expanding strategic partnerships with financial institutions, fostering economic integration, and creating favorable conditions for business growth in Sharjah.
Al Awadhi further mentioned the intention to create added value for the private sector by expanding access to Al Masraf's financial services, which will aid in business expansion and adapting to economic changes. Fuad Mohamed of Al Masraf expressed the belief that strong partnerships are essential for creating economic value and unlocking new business opportunities across the UAE, aligning with the Chamber's extensive business network to support sustainable growth.