Sharjah's economic developments and the investment opportunities in the emirate were showcased by Sharjah FDI Office (Invest in Sharjah) to more than 1,000 international experts, economists, and specialists from various industrial and technological sectors at three major events in China.

 

In line with Sharjah’s development and strategic objectives to enhance economic diversification, Invest in Sharjah participated in the events held in Xiamen and Shanghai, said a Wam news agency report.

 

The three exhibitions set the stage for discussions on common investment and business interests between both parties and presented Invest in Sharjah the opportunity to showcase the emirate’s most recent economic developments, a statement said.

 

The delegation from Invest in Sharjah comprised Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah, and Marwan Saleh Alichla, investment promotions manager.

 

The first event participated by Invest Sharjah was the 23rd edition of The World Association of Investment Promotion Agencies (WAIPA), held in Xiamen. The theme of te event was "A new era in Foreign Direct Investment," which aligns with the strategic plan of Invest in Sharjah to attract capital investment and strengthen trade with China. 

 

The aim was to promote a knowledge-based economy where both parties collaborate in various sectors including trading, environment, logistics, health, technology, alternative energy sources, and numerous diversified sectors, it said.

 

During the visit, the delegation highlighted the strong trade ties between Sharjah and China and underscored the several successful projects that were implemented by both the government and private sector, and how these projects directly facilitated numerous Chinese investments into the region. Moreover, Invest in Sharjah used the opportunity to present the existing economic factors, which have contributed the most to Sharjah’s FDI growth, which witnessed an increase of 102 percent to Dh5.97 billion at the end of last year, in comparison to the figures of 2016.

 

Invest in Sharjah also showcased the latest developments in the emirate’s economic infrastructure, which includes new investment facilities and specialised free zones that cater to the specific needs of Chinese investors and business owners.

 

Coinciding with WAIPA, Invest in Sharjah also participated in the China International Fair for Investment and Trade (CIFIT) through a panel discussion by Alichla. The attendees were presented with the latest economic and investment opportunities which Sharjah had developed.

 

The third event, The China Outbound Investment Summit, took place on September 12 and 13 in Shanghai. In a dialogue session which was titled, "Guiding your success," Al Musharrkh led the discussion on using positive investment results to ensure sustainable, effective, and long-term investment. The discussion evoked key insights on the current economic and bilateral growth between Sharjah and China.

 

Al Musharrkh also highlighted the efforts by "Invest in Sharjah" to activate vital sectors to drive economic diversification and consolidate the economic relationship between Sharjah and China.