Sharjah Asset Management signs MoU with MBME Group to establish a framework for strategic cooperation in the United Arab Emirates. The agreement was announced in Sharjah. Sharjah Asset Management is the investment arm of the Government of Sharjah. MBME Group PJSC is a UAE-based investment and technology company listed on the Abu Dhabi Securities Exchange. The memorandum outlines intentions to explore joint initiatives that support investment and innovation within the emirate.
Sharjah Asset Management Signs MoU With MBME Group to Explore Cooperation
Under the MoU, Sharjah Asset Management and MBME Group will examine areas of mutual interest. These areas include investment opportunities, technology-driven initiatives, and potential commercial collaborations. The agreement does not specify individual projects or financial commitments. It establishes a foundation for future discussions and cooperation. Both parties indicated that the MoU is intended to strengthen engagement between public-sector investment entities and private-sector technology groups.
Sharjah Asset Management Signs MoU With MBME Group to Support Investment Growth
Sharjah Asset Management manages and develops government-owned assets across multiple sectors. These sectors include real estate, infrastructure, hospitality, logistics, and technology. The organization aims to promote sustainable economic development in Sharjah. Through this MoU, Sharjah Asset Management seeks to expand partnerships that align with long-term investment strategies.
MBME Group operates across digital services, fintech solutions, innovation platforms, and strategic investments. The company focuses on technology-enabled business models and regional expansion. The MoU provides a channel for MBME Group to engage with government-backed investment initiatives in Sharjah.
Agreement Details and Disclosure
The press release did not disclose financial terms, timelines, or implementation phases. The MoU is non-binding and focuses on collaboration rather than execution. Both parties stated that further details would be determined through future discussions. The agreement reflects ongoing efforts within the UAE to encourage cooperation between public investment entities and private technology firms.
