Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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The Sharjah FDI Office, (Invest in Sharjah), the FDI office operating under the government of Sharjah, has announced it will host a Sharjah-Arab Business Roundtable, a massive step in emphasising Sharjah’s importance in the Middle East’s finance and business sectors. The meeting will take place on Monday, 17 April 2017 at the Sheraton Sharjah Beach Resort and Spa.
Organised in collaboration with the Jordan Business Council, the event is a platform for Invest in Sharjah to showcase the emirate’s investment opportunities in a variety of different sectors, particularly trade, industry and real estate. According to the Sharjah Chamber of Industry and Commerce, in 2016, Sharjah’s GDP increased 7-9% compared to 2015. The real estate and business services sector accounted for 22% of GDP, while the manufacturing sector accounted for 17% and the wholesale trade sector for 12%.
The roundtable will be chaired by Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), and attended by ministers from some of the region’s leading economies as well as Sharjah government representatives and UAE-based Arab investment entities and business councils.
HE Marwan bin Jassim Al Sarkal, CEO of Shurooq, said: “In recent years, Shurooq has been able to solidify Sharjah’s position as one of the region’s premier investment and business destinations. The unparalleled support of the wise leadership has enabled Shurooq to provide a unique investment environment, encouraging investors to start up their businesses across all sectors.”
He added: “We have a strong, secure and stable economy and our diversification plays a key role in strengthening that by not relying on a limited amount of resources.”
HE Ihsan Qatawneh, Chairman of the Jordanian Business Council in the UAE, highlighted: “Sharjah was always at the forefront in positioning itself as a central investment destination for Jordanians across MENA. The forum plays a fundamental role bringing together a series of the region’s top decision makers to create a more integrated economy among one another, booming from Sharjah, and witnessing a successful growth in our economic bilateral ties.”
Mohammed Juma Al Musharrakh, Director of Invest in Sharjah, added: “Our priority is to encourage Arab investors to either start or expand their businesses in Sharjah. The incentives, advantages and high growth rates in all sectors provide their businesses – no matter in which sector – with a significant boost towards expansion in both regional and international markets.
“Investors have found Sharjah an extremely business-friendly environment with an excellent infrastructure, and this roundtable is another step that elevates the emirate’s status and promotes it as an Arab business capital. We look forward to establishing new relationships and strengthening existing partnerships.”
The roundtable will feature HE Dr. Abdulaziz Al Muhairi, Director of the Sharjah Healthcare Authority, HE Saud Salim Al Mazrouei, Director of Hamriya Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF ZONE), Marwan Al Zaiem, Managing Director of the Al Marwan General Contracting Co, Mohammed Juma Al Musharrkh, Director of (Invest in Sharjah), Humaid Al Abbar, Advisor for Sharjah Real Estate Registration Department and Munir Al Kaloti, Chairman of Kaloti Group of companies, and will be conducted by Ms. Lama Borsli, Member of the Kuwait Business Council.
(Press Release)
