UAE-Kyrgyz Business Council discusses boosting cooperation in private sector
UAE and Kyrgyzstan Strengthen Ties at First Joint Business Council Meeting
The Federation of the UAE Chambers of Commerce and Industry (FCCI) recently organized the inaugural meeting of the UAE-Kyrgyz Joint Business Council in Sharjah, UAE. This event, held in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI), aimed to enhance economic and trade relations between the UAE and the Kyrgyz Republic.
Key Figures and Attendees
The meeting was chaired by Abdallah Sultan Al Owais, Vice Chairman of the FCCI and Chairman of SCCI, with Nartaev Nurlan Vic, Vice President of the Chamber of Commerce and Industry of the Kyrgyz Republic, also in attendance. Other notable attendees included Mohammed Ahmed Amin Al Awadi, Director-General of SCCI, Ahmed Al Qaizi, Assistant Secretary-General of FCCI, and Fatema Khalifa Al Muqarrab, Director of International Relations at SCCI, along with business leaders from both countries.
Focus and Discussions
The meeting featured a presentation on the Council's operational mechanism, emphasizing the importance of reciprocal trade delegations and expanding cooperation across various sectors such as agricultural technology, energy, manufacturing, healthcare, and tourism. Discussions also included the potential for an annual joint economic event to facilitate direct communication between business owners and investors from both nations.
Statements from Leaders
In his remarks, Al Owais highlighted the strategic importance of the UAE-Kyrgyz Joint Business Council in strengthening trade relations and exploring new investment opportunities. He noted Sharjah's appeal as a hub for Kyrgyz investments. Vic expressed the Kyrgyz business community's eagerness to collaborate with the UAE's private sector, emphasizing the Council's role in fostering strategic partnerships.
Commitment to Growth
Participants shared insights on sectoral growth opportunities and reaffirmed their commitment to expanding economic and investment ties between Kyrgyzstan and the UAE.
Doubts Revealed
UAE
UAE stands for the United Arab Emirates, which is a country in the Middle East known for its modern cities like Dubai and Abu Dhabi.
Kyrgyzstan
Kyrgyzstan is a country in Central Asia, known for its beautiful mountains and rich cultural history.
Joint Business Council
A Joint Business Council is a group formed by two countries to discuss and improve business and trade relationships between them.
Sharjah
Sharjah is one of the seven emirates in the UAE, known for its cultural heritage and museums.
Federation of the UAE Chambers of Commerce and Industry
This is an organization in the UAE that helps businesses grow and supports trade and industry in the country.
Sharjah Chamber of Commerce and Industry
This is a group in Sharjah that helps local businesses and promotes trade and economic development in the emirate.
Abdallah Sultan Al Owais
Abdallah Sultan Al Owais is a prominent figure in the UAE, likely involved in business and trade activities.
Nartaev Nurlan Vic
Nartaev Nurlan Vic is a key person from Kyrgyzstan who attended the meeting, possibly a government or business leader.
Economic ties
Economic ties refer to the connections and relationships between two countries in terms of trade, investment, and business activities.
Sectors
Sectors are different parts of the economy, like agriculture, energy, and tourism, where businesses operate and grow.
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