SCCI discusses economic cooperation COVID-19 with Rwanda

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Updated 29 July 2020

SCCI discusses economic cooperation COVID-19 with Rwanda

The Sharjah Chamber of Commerce and Industry (SCCI) has underlined the importance of the constructive cooperation with the diplomatic missions and their commercial attaches in the UAE to develop joint action plans and step up efforts of strengthening economic and investment cooperation between the UAE in general and the emirate of Sharjah in particular and the private sector in these countries.

This was stated during a recent virtual meeting between Abdullah Sultan Al-Owais, chairman, SCCI, and Emmanuel Hategeka, ambassador of Rwanda to the UAE, in the presence of Fatima Khalifa Al-Mokarrab, director of International Relations Department, SCCI.

The meeting touched on means of enhancing the economic relations between the two countries and boosting cooperation and investment opportunities in the various business sectors, especially after COVID-19.

Welcoming the communication with the Rwandan ambassador, Al-Owais commended the keenness of Rwanda on reinforcing the commercial cooperation between the two friendly countries.

He pointed out that the communication between the diplomatic missions and the competent authorities in the country would help accelerate economic recovery and overcome COVID-19 repercussions. This can be achieved by creating incentives for businessmen and investors of both parties and identifying the investment opportunities in the markets of the two countries, thus enabling them to find distinctive foundations for the development of joint trade cooperation.

“The UAE and Rwanda enjoy many strategic components. This will help enhance the volume of trade relations between the two countries in a way that reflects their economic potential, especially that Sharjah is one of the most important economic destinations that attract funds and investments worldwide,” Al-Owais said.

He stressed that the SCCI is fully prepared to provide a lot of services, exchange investment experiences, coordinate and cooperate with the Rwandan embassy to serve the interests of business communities in both countries.

For his part, the Rwandan ambassador hailed the strong bilateral relations that are driven by the strong determination of the leadership of the two countries toward the interest of both nations in various areas, especially the economic field.

Oman set to welcome first IKEA store in 2022 

Updated 25 October 2020

Oman set to welcome first IKEA store in 2022 

Oman is all set to welcome its first IKEA megastore at the Oman Avenues Mall, in the heart of the capital city of Muscat. The Swedish furniture and home retailer is expected to open doors to the public by the first quarter of 2022.
A development agreement between the Al-Taher Group, a diversified business group in the sultanate, who are the developers of Oman Avenues Mall, and the UAE-based conglomerate, Al-Futtaim Group who represents IKEA franchise in Oman as well as other territories like the UAE, Qatar and Egypt, was signed this week. Senior officials made the announcement in a virtual press event.
Sheikh Mohammed bin Saud Al-Khalili, board member of the Al-Taher Group, said: “We are pleased to collaborate with Al-Futtaim Group, to bring the globally renowned IKEA brand to Oman Avenues Mall. We believe that IKEA Oman will not only strengthen the position of Oman Avenues Mall as a premier shopping destination, but also position the mall firmly as the shopping mall for the whole of Oman.”
Spread across two floors, the new store will be one of the largest stores of the brand in the region.
The Oman Avenues Mall is operated and managed by retail giant LuLu Group International.