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UAE – Sharjah Free Zones Are Committed To Supporting Indian Businessmen

World Trade

Open Eyes Opinion {source: WAM}

UAE  Free Zones

Sharjah free zones to support new business initiatives: Saud Al Mazrouei

 DUBAI, 15th June, 2015 — Saud Salim Al Mazrouei, Director of Hamriyah Free Zone and SAIF Zone, has stressed that Sharjah free zones are committed to supporting Indian businessmen, highlighting the fact that there are 13,000 companies based in the two free zones in Sharjah and more than 50 percent of these companies are from India or owned by Indians.

Al Mazrouei made the announcement while speaking at the inaugural session of the 33rd Annual International Conference of the ICAI Dubai Chapter.

“Indian businessmen are the smartest in the world, they are aggressive, confident and creative, all of which are critical attributes for the success of any business,” he said.

During the two-day event, which was attended by speakers from India and the UAE, Mr. Al Mazrouei promised preferential treatment to chartered accountants in setting up new businesses in the Sharjah free zones.

Hamriyah Free Zone, the principal sponsour of the event, is set to unveil some key initiatives that will boost the emirate’s business and economy, he added.

While addressing a gathering of over 1200 attendees, he said, “This year’s theme, Powering the Business, Leading with Dynamism, rightly reflects the motto that seems to have been adopted by the body in the past 32 years, seeing the wonderful job that you have done here, because successfully managing a constantly growing organisation for the past 3 decades is indeed an extraordinary achievement.”

The event saw India being showcased as an emerging global leader in multiple areas, but most notably in economic growth. A highlight of the conference was an absorbing debate by the leaders of the accounting profession on some of the most pressing challenges faced by the profession, particularly on the issue of unified accounting standards. Various speakers noted that Indian chartered accountants have dominated the profession throughout the world.

Raju Menon, President of the ICAI Dubai chapter, said that the trust enjoyed by chartered accountants in this part of the world was unparalleled and attributed the success of top business houses and entrepreneurs to the dedicated chartered accountants.

The speakers also included DED Deputy Director-General, Ali Ibrahim, former Indian minister Shashi Tharoor, Kirit Somaya, Member of India’s parliament, cricketing legend Anil Kumble and celebrated Indian media personalities such as Rajdeep Sardesai and many others.

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