The MoU was signed by Shaikha Bodour bint Sultan Al Qasimi Chairperson of Sharjah Investment and Development Authority (Shurooq) and Sultan bin Saeed Al Mansouri UAE Minister of Economy in the presence of Engineer Mohammed Ahmed bin Abdul Aziz Al Shehhi Undersecretary of the Ministry of Economy for economic affairs Humaid bin Butti Al Muhairi Assistant Undersecretary for the corporate sector and consumer protection Marwan bin Jassim Al Sarkal CEO of Shurooq Mohammed Khamis Al Muhairi director-general of the National Council for Tourism and Antiquities and a number of officials from the Ministry and the authority. The two parties will facilitate bilateral cooperation in investment and business opportunities both in the UAE and abroad.They will also work together to establish a joint business that will promote and expand investments in Sharjah. "Sharjah is one of the most attractive cities for investors in the Gulf region and the Middle East because of its rich assets diverse economy and strategic geographical location. We are certain that this agreement between The Ministry of Economy and Shurooq will strengthen Sharjah's future ventures as a leading city for business and investment" said Shaikha Bodour

"The MoU adds a new dimension to the relationship between the two parties. The agreement will not only help stimulate business and investment in the emirate but also attract more investments that will boost the economy of Sharjah and the UAE." According to the MoU the Ministry of Economy and Shurooq will share economic information business statistics and data to facilitate commercial contracts and establish joint business ventures with one another. The MoU stresses the importance of data analysis and research and also provides a framework for the two parties to exchange business delegations and exports.

The two parties will also assist each other in organising trade fairs and economic conferences locally and internationally.