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Officials at the event

Sharjah showcases investment opportunities in China

SHARJAH, May 25, 2017

The Sharjah FDI Office (Invest in Sharjah), the promotional arm of the Sharjah Investment and Development Authority (Shurooq), has reinforced the emirate’s investment advantages through participating in major global events in China’s two fastest growing cities.

The organisation participated at the 2017 World Forum for Foreign Direct Investment on May 23 and 24 in Shanghai, the centre of the country’s business, finance, information and culture, said a statement.

It also participated at the two-day China Offshore Summit which concluded today (May 25) in Shenzhen, China’s fastest developing city in terms of investment activities, innovation capability and technology exchange, it said.

Invest in Sharjah showcased the benefits and incentives of investing in the UAE in general and Sharjah in particular, providing insights and investment opportunities through its stand, it added.

The delegation included Yonghui Ma, investment promotion manager at Invest in Sharjah and Saif Al Suwaidi, investment promotion manager at Invest in Sharjah.

The delegation described the events in both Shanghai and Shenzhen as ideal opportunities to continue investment momentum for the UAE, with estimates for last year’s bilateral trade with China as high as $60 billion.

They pointed to the fact that there are approximately 4,200 Chinese companies operating in the country, including China State Construction, China National Petroleum, Huawei, Bank of China, ICBC, China Cosco Shipping and many more.

Marwan bin Jassim Al Sarkal, CEO, Shurooq, said: “With such a dynamic local economy and a variety of investors looking for the best possible overseas options, our delegation enabled Sharjah an excellent impression.”

“We offer perfect free zone, tax-free opportunities with a burgeoning economy of our own and a strategic location that has been a crucial part of commerce with the Far East for centuries,” he said.

He added: “China had outbound investments totalling $109 billion in the first quarter of this year, and we have maximised our opportunities to hold Sharjah up as a shining example of wise investment and a highly lucrative partner. This has been an extremely productive event for us.”

“This has obviously been an opportunity for Chinese investors to see what we have to offer in terms of investment potential and also for us to gauge first-hand the confidence in the market. From what we have seen, the future looks extremely positive,” Al Sarkal concluded. – TradeArabia News Service




Tags: | China | Sharjah | investment | opportunities |

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