The Sharjah Chamber is looking to enhance investment cooperation with Mauritius

Sharjah, January 26 / WAM / The Sharjah Chamber of Commerce and Industry discussed with a delegation from the Republic of Mauritius the prospects for joint investment cooperation and partnership opportunities in priority sectors, especially manufacturing, logistics services, food security and real estate, within the framework of the Comprehensive Economic Partnership Agreement between the UAE and Mauritius.

This came during a meeting with His Excellency Abdullah Sultan Al Owais, Chairman of the Chamber’s Board of Directors, at the Chamber’s headquarters, with His Excellency Shakeel Ahmed Yousef Abdul Razzaq Mohammed, Minister of Housing and Lands of Mauritius, in the presence of His Excellency Mohammed Ahmed Amin Al Awadhi, Director General of the Chamber, Abdul Rahman bin Taliah, Director of Executive Affairs at Air Arabia, and a number of officials.

During the meeting, views were exchanged on opportunities for cooperation in the fields of air transport, logistics services and supply chains and their role in supporting investments across regional and international markets.

The two sides stressed the importance of the comprehensive economic partnership between the UAE and the Republic of Mauritius, which entered into force on April 1, 2025. It provides a comprehensive legal and commercial framework that guarantees the cancellation of customs duties on more than 97% of UAE exports and 99% of Mauritian exports, and aims to raise the volume of non-oil trade exchange from about $209 million to $500 million within five years.

His Excellency Abdullah Sultan Al Owais explained that the partnership between the business communities in Sharjah and Mauritius is based on a solid foundation of investments, in addition to what the Comprehensive Economic Partnership Agreement represents, which represents the cornerstone of providing a comprehensive legal and commercial framework that ensures the growth of the growing economic cooperation process.

He pointed out that trade exchange with Mauritius is recording record growth since it rose by 82.5% during the first four months of 2024, within the framework of achieving long-term strategic goals represented in jointly promoting available investment opportunities and developing mutual cooperation in a way that serves the aspirations of the business communities on both sides.

He noted that the memorandum of understanding signed with the Mauritius Economic Development Board enhances efforts to expand trade relations and ensures the facilitation of business opportunities, noting that investment flows directed through Mauritius exceeded $19.5 billion.

For his part, His Excellency Shakeel Ahmed Yousef Abdul Razzaq Mohammed pointed out that Mauritius represents a promising strategic center for Emirati companies wishing to expand in the Sub-Saharan Africa region by benefiting from the legal and tax facilities that support the management of investments with high efficiency, especially in light of the Investment Protection and Encouragement Agreement signed in 2015.

He stressed that the Mauritius Free Port gives companies high flexibility in manufacturing and assembly operations and then export at a competitive cost to major markets in Africa, pointing to the success of existing Emirati investments that manage advanced manufacturing operations in Mauritius and serve African export markets.

The meeting discussed the qualitative investment opportunities available in both the Emirate of Sharjah and the Republic of Mauritius, with a special focus on the manufacturing and logistics sectors that allow Sharjah companies to benefit from the free port facilities in Mauritius as a strategic platform for storage, distribution and re-export to African markets.

The discussions also included prospects for cooperation in the fields of food security, agribusiness, the “blue economy” and renewable energy, in addition to the sectors of tourism, hospitality, tourist real estate, financial services and financial technology.

The two sides called on investors to make the most of the legal and tax facilities and investment incentives provided by Sharjah and Mauritius in a way that ensures sustainable growth and economic prosperity that enhances Sharjah’s position as a global commercial center and Mauritius as a strategic gateway to the African continent.

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