In a collaborative effort to strengthen and boost the Emirati and Iraqi private sectors, the Federation of UAE Chambers of Commerce and Industry (FCCI) and the International Development Bank (IDB)-UAE have launched a pioneering initiative from Sharjah.
The initiative, titled "Ma’an (Together)", aims to encourage private sector businesses to broaden their operations by creating a platform to enhance mutual relationships, increase cooperation opportunities, and facilitate the exchange of experiences and knowledge across various financial and investment fields with Iraq.
The name "Ma’an" signifies the deep historical ties between the UAE and Iraq, especially in trade and business, and represents a joint journey towards forging unique and sustainable partnerships by seizing the best investment opportunities.
The initiative came to fruition following a memorandum of understanding (MoU) signed between the Federation of UAE Chambers and the International Development Bank (UAE).
The signatories of this partnership agreement were HE Humaid Mohamed Ben Salem, Secretary General of the Federation of UAE Chambers, and HE Dr. Ziad Khalaf, Chairman of the International Development Bank. The signing was witnessed by HE Abdullah Sultan Al Owais, Vice Chairman of FCCI and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), and Mohammad Ahmed Amin Al Awadi, Director-General of SCCI.
The new initiative paves the way for increased collaboration and shared growth between the UAE and Iraqi private sectors, ultimately driving economic development in both countries.
HE Abdullah Sultan Al Owais stressed that the MoU goes beyond simply fostering cooperation between the Federation of UAE Chambers, the UAE private sector's official representative, and the International Development Bank. It also bolsters support for the business community and its various sectors across both countries.