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Over 300 experts to attend Sharjah FDI event

SHARJAH, August 25, 2016

More than 300 decision-makers, business leaders and economic experts will discuss latest developments in foreign direct investment (FDI) in the region at the Sharjah FDI Forum, to be held next month, in Sharjah, UAE.

The event, titled Sharjah FDI: The Gateway to the Middle East, North Africa and South Asia is the second Sharjah FDI Forum, Mena’s largest global foreign direct investment (FDI), will take place on September 28 and 29.

Sharjah FDI Forum 2016 is being held in association with the Financial Times newspaper and fDi Magazine and under the patronage of HH Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah.

The event is being organised by Sharjah Investment and Development Authority (Shurooq).

The platform will analyse the current economic conditions prevailing in Sharjah and the UAE and evaluate the potential opportunities that derive from them, said a statement.

Featuring keynote presentations and lively panel debates, this year’s forum aims to build on the success of the inaugural event in 2015 that was held to capitalise on the UAE’s 2014 first placed position as the most attractive country for FDI in the Middle East and Africa, it said.

Sheikha Bodour bint Sultan Al Qasimi, chairperson of Shurooq, said: “According to a recent report published by the Global Innovation Index, it ranked the UAE first among Arab countries in terms of overall performance on the index with an estimate rise of $11 billion in FDI.”

“What positions Sharjah in a competitive advantage in this context is its unique economic competencies, geographic location and investment-friendly infrastructure which complete the remaining 6 emirates’ distinctive economic features,” she said.

UAE Ministry of Economy figures from 2016 reveal that accumulated foreign investment in the country had increased to $126 billion by year-end 2015 compared to $115 billion by year-end 2014.

In 2015, the government ministry estimated the country’s FDI share as 46 per cent of the total investment flow to the GCC, valued at approximately $22 billion, it stated. – TradeArabia News Service




Tags: | Sharjah |

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