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Expo focuses on OIC trade
Products from Indonesia on display at the 13th edition of OIC Expo that opened on Sunday in Sharjah.
Dubai: The UAE's trade with the rest of the OIC (Organisation of Islamic Conference) countries has witnessed tremendous growth in the past five years, and the OIC Expo presents an opportunity to give a further fillip to trade among Islamic countries, according to senior officials attending the show that got under way yesterday at the Expo Centre Sharjah.
The 13th edition of the show was inaugurated by Shaikh Sultan Bin Mohammad Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah.
Trade among member countries touched $550 billion (Dh2.01 billion) in 2009 and is expected to rise 20 per cent by 2015.
The UAE has been a key player in intra-OIC trade and the country's trade with member countries comprises 27 per cent of its total foreign trade, Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, said recently.
The UAE's imports from the OIC countries account for 16 per cent of the country's foreign trade, while exports to these countries stood at 36 per cent and re-exports at 56 per cent.
The opening ceremony of the expo was attended by Ahmad Mohammad Al Midfa, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), Hussain Al Mahmoudi, SCCI Director General, Saif Mohammad Al Midfa, Director-General of the Expo Centre Sharjah, and officials of OIC countries, government departments, and members of trade associations. The show will conclude on April 29.
Volume increase
The show is held under the patronage of His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.
"By hosting the two OIC events, the UAE has shown that it firmly supports all efforts that aim at enhancing social and economic co-operation among OIC member countries and at strengthening the private sector's role in increasing the volume of intra-trade activities and boosting investment in several arenas," said Ahmad Mohammad Al Midfa.
The OIC Expo, which takes place every alternate year, has come to Sharjah for the second time. It was first held in the emirate in 2002.
Though several hundred companies from all OIC member countries and observer states are participating in the OIC Expo, China, Egypt, Indonesia, India, Bangladesh, Kuwait, Malaysia, Morocco, Sudan, Thailand and some other countries have a large participation in the show. The show is open from 10am to 8pm on weekdays and from 4 to 8pm on Friday. Entry and parking to the show are free.
http://gulfnews.com/business/economy...trade-1.798728
Products from Indonesia on display at the 13th edition of OIC Expo that opened on Sunday in Sharjah.
Dubai: The UAE's trade with the rest of the OIC (Organisation of Islamic Conference) countries has witnessed tremendous growth in the past five years, and the OIC Expo presents an opportunity to give a further fillip to trade among Islamic countries, according to senior officials attending the show that got under way yesterday at the Expo Centre Sharjah.
The 13th edition of the show was inaugurated by Shaikh Sultan Bin Mohammad Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah.
Trade among member countries touched $550 billion (Dh2.01 billion) in 2009 and is expected to rise 20 per cent by 2015.
The UAE has been a key player in intra-OIC trade and the country's trade with member countries comprises 27 per cent of its total foreign trade, Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, said recently.
The UAE's imports from the OIC countries account for 16 per cent of the country's foreign trade, while exports to these countries stood at 36 per cent and re-exports at 56 per cent.
The opening ceremony of the expo was attended by Ahmad Mohammad Al Midfa, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), Hussain Al Mahmoudi, SCCI Director General, Saif Mohammad Al Midfa, Director-General of the Expo Centre Sharjah, and officials of OIC countries, government departments, and members of trade associations. The show will conclude on April 29.
Volume increase
The show is held under the patronage of His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.
"By hosting the two OIC events, the UAE has shown that it firmly supports all efforts that aim at enhancing social and economic co-operation among OIC member countries and at strengthening the private sector's role in increasing the volume of intra-trade activities and boosting investment in several arenas," said Ahmad Mohammad Al Midfa.
The OIC Expo, which takes place every alternate year, has come to Sharjah for the second time. It was first held in the emirate in 2002.
Though several hundred companies from all OIC member countries and observer states are participating in the OIC Expo, China, Egypt, Indonesia, India, Bangladesh, Kuwait, Malaysia, Morocco, Sudan, Thailand and some other countries have a large participation in the show. The show is open from 10am to 8pm on weekdays and from 4 to 8pm on Friday. Entry and parking to the show are free.
http://gulfnews.com/business/economy...trade-1.798728
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