The Federation of United Arab Emirates Chambers of Commerce and Industry and the Chamber of Commerce and Industry of the Republic of Tajikistan have signed a Memorandum of Understanding, MoU, to strengthen cooperation, on the sidelines of the Global Forum on the work of the Commonwealth of Independent States, CIS, organised recently by Dubai Chamber of Commerce and Industry, DCCI.

The MoU was signed by Humaid Mohammed bin Salim, Secretary-General of the Federation of UAE's Chambers of Commerce and Industry, and by Sharif Said, Chamber of Commerce and Industry of Tajikistan.

Bin Salim said that the private sector in the country was able to achieve tremendous strides in several areas, including trade, tourism, industry, exhibitions and oil, pointing out that there are many areas for investment and the Federation of Chambers is keen to enhance cooperation relations with the Tajik private sector.

He said that the UAE is witnessing great progress in infrastructural development and that there are huge projects being implemented, in addition to the projects of EXPO 2020, which provide major investment opportunities for international companies to establish genuine partnerships with Emirati businessmen, noting that there are about 410,000 companies operating in the country.

Mr. Sharif affirmed his country's interest in cooperating with representatives of the UAE private sector. He said that the aim of signing the MoU is to give an opportunity to the UAE business community to get acquainted with the available possibilities in Tajikistan.

He added that there is interest in attracting Emirati businessmen to invest in his country, especially in the energy, gas, oil and Islamic banking and tourism areas. He expressed his hopes that the MoU will contribute to achieving a greater convergence between the two sides.

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