US Congress eyes investment, business opportunities in Sharjah

A US Congress delegation recently attended a roundtable event at the Sharjah Chamber of Commerce and Industry, the Sharjah Investment and Development Authority.

The roundtable’s aim was to familiarise the US delegation with the range of investment and business opportunities in Sharjah. The delegation was in the U.A.E. to participate in an educational and cultural exchange.

The delegation was led by US congresswoman and chairman of the congressional Black Caucus, Representative Marcia L. Fudge, and was met by Robert Waller, US consul general to Dubai, Abdullah Sultan Al Owais, chairman of the Sharjah Chamber of Commerce and Industry and Marwan Bin Jasem Al Sarkal, chief executive of Shurooq.

According to the statement, which quoted figures from the US government, total bilateral trade between the US and the U.A.E. has grown from about US$4.5 billion (Dh16.5 billion) in 2002 to US$24.8 billion in 2012. In the first nine months of last year, trade between the U.A.E. and US rose 12.5 per cent to US$20,56 billion (Dh75.46 billion), compared with US$18.27 billion (Dh67.05 billion) in the same period a year earlier.