SEDD Joins Forces With SCCI To Improve Investment Environment

by Lorys Charalambous, Tax-News.com, Cyprus

19 June 2008

The Sharjah Economic Development Department (SEDD) recently held a meeting with the Sharjah Chamber of Commerce and Industry SCCI at its headquarters to facilitate customer procedures and upgrade the level of services delivered to the public.

The meeting was attended by H.E Ali Bin Salem Al Mahmoud, General Manager of the Sharjah Economic Development Department, Nawal Askar, Deputy Director of Economic and Public Relations and Mr. Fahad Ahmed, Director of the Registration and Licensing Department of the SEDD, while the SCCI delegation was headed by Mr. Hussein Al Mahmoudi, Director General of the SCCI, who was accompanied by Mr. Mohammed Amin assistant Director General of Economic Affairs and Mr. Khalid Butti, Assistant Director General of Attestation & Membership Affairs.

The attendees studied new, advanced frameworks and ideas aimed at further developing the current high levels of coordination between the two parties to provide investors with the best possible services and accelerate sustainable economic growth.

Both parties discussed the possibility of establishing a unified SEDD and SCCI fund to collect project license fees and give the client a single receipt voucher for all the fees collected by the concerned parties, sparing clients the inconvenience of having to visit both authorities and pay two separate fees.

This proposal was one of several that were discussed in the meeting, aimed at facilitating smoother procedures. The end result is greater investor convenience and savings passed on to the in terms of both time and cost.

The establishment of centres for businessmen in the emirate of Sharjah was another proposal that enjoyed significant consideration during the meeting, as were other advanced frameworks of cooperation between the private and government sectors at board level for further economic growth.

Commenting on the meeting, H.E Ali Bin Salem Al Mahmoud, Sharjah Economic Development Department General Manage, explained:

“A number of issues of mutual concern were studied in-depth, in order to be evaluated and approved. These proposals were the results of research and studies conducted by the SEDD and the SCCI with the aim of continuously improving the investment climate in the emirate, as part of our commitment to translating the visionary strategies of our leaders H.H. Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and H.H Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, into tangible products and results.

“Our strategy for 2008 concentrated on the creation of more tools to save time for our clients and facilitate smoother procedures. It is not reasonable that our investors have to move between various offices and authorities in order to obtain a license or complete a particular procedure. We share our goals with the SCCI and work jointly with it to achieve the same purposes. We look forward to seeing the fruits of this partnership in our clients’ operations and throughout the community,” he added.

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