The Sharjah Chamber of Commerce and Industry (SCCI) confirmed that Law No. 09 of 2018 is both a direct acknowledgement and support for the chamber’s efforts to promote Sharjah and to boost the interests of the business community in the emirate. The law, which stipulates that the SCCI will re-organize, was issued on June 13 by His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah.

His Excellency Abdallah Sultan Al Owais, Chairman of the SCCI; and the members of the board of directors at the chamber, expressed their utmost thanks and appreciation to His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, for issuing this law that re-organizes the chamber, and for his unlimited support and guidance to the chamber that has continued on for more than 4 decades.

His Excellency Abdallah Sultan Al Owais, Chairman of the SCCI, stated that the new law reflects the vision and keenness of the wise leadership to continuously improve the emirate’s economy and to enhance its position and reputation as a leading economic centre. He added that the new law will help to enhance the chamber’s role in elevating and developing Sharjah’s economy, and that it will build on the progress that has been gained during the past four decades, which was achieved due to the vision and directives of the wise leadership, and due to chamber’s determination in reaching its goals, and its keenness to work together with its strategic partners from both the public and private sectors to enhance the economy of the emirate and the country.

Al Owais expressed his thanks and appreciation to His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, for supporting both the chamber and Sharjah’s business community. He praised this law that will help to increase the happiness of the community in the emirate and that will aid in realizing the economic vision of the UAE Centennial 2071 project. He stressed that the new law is a strategic initiative that aims to highlight the chamber’s role as both a representative for the private sector in the emirate and as an independent non-profit institution.

Al Owais remarked that the new law will help propel the chamber to develop Sharjah’s economy by focusing on research and studies, and by supporting entrepreneurs and the various institutions that fall under the umbrella of the chamber, which includes Expo Centre Sharjah and the Sharjah International Commercial Arbitration Centre (Tahkeem). He stressed that the chamber will launch projects and initiatives that will rise up to ambitions of the wise leadership, and that it will continue its efforts to promote the emirate on the global stage and  to support the emirate’s business community, in light of the new law for re-organization.

Law No. 09 of 2018 contains several clauses, which includes clarifying the chamber’s objectives, goals, and the bodies that fall under its umbrella. The law also clarifies the chamber’s board of directors, their meetings, the terms of membership and the functions and role of the chairman, in addition to the conditions that have to be complied with when practicing economic activities in the emirate.