Umm Al Qaiwain: Khalfan Ahmed Mesfer, Chairman of the UAQ Chamber of Commerce, has affirmed that the chamber is implementing an ambitious strategic vision aimed at fostering a diversified and sustainable investment environment in the emirate. This aligns with the directives of the Government of Umm Al Qaiwain to achieve integrated and comprehensive economic development.
According to Emirates News Agency, Mesfer said that the chamber's vision is anchored in several key pillars, most notably enhancing the business environment and stimulating investment, regulating the interests of business owners through effective partnerships, providing innovative digital services, and promoting the emirate as a regional investment hub through participation in international events.
Mesfer stressed that the chamber's initiatives are closely aligned with the government's economic vision, with a focus on promoting investment, supporting small and medium-sized enterprises, facilitating procedures, advancing digital transformation, and establishing strategic partnerships across the public and private sectors to develop a sustainable investment climate.
He noted that the chamber aims to diversify the economic base and reduce dependence on traditional sectors by supporting the development of non-oil industries, encouraging innovation and technology, promoting entrepreneurship, and attracting investment in vital sectors such as renewable energy and tourism.
To stimulate investment in future-oriented sectors, Mesfer emphasised that the Emirate of Umm Al Qaiwain offers a range of compelling incentives to attract investors to technology, sustainable tourism, and renewable energy.
These benefits include administrative exemptions, dedicated zones tailored for these activities, comprehensive training programmes, technical support, and collaborative research and development partnerships.
Furthermore, he stated that the chamber maintains close cooperation with the private sector to guarantee the sustainability of projects and has forged strategic partnerships with both local and international institutions.
To support entrepreneurship, Mesfer outlined an integrated plan for startups, covering funding, training, intellectual property protection, and the enhancement of the legal environment. This comprehensive approach seeks to encourage innovation and attract high-potential technology ventures.
In light of global shifts towards a green economy, he reiterated the promising future of investment in Umm Al Qaiwain, stating that the emirate is well-positioned to become a hub for innovation and sustainable investment thanks to its flexible strategic planning, attractive investment incentives, and robust international partnerships.
Highlighting the promising opportunities within the emirate, Mesfer called on local and global investors to seize them, affirming Umm Al Qaiwain's steady advancement towards a diversified, sustainable, and investment-friendly economy.