IIS BROADENS SHARJAH-CHINA FDI PROSPECTS
Sharjah participates in three investments’ events in Xiamen and Shanghai
SHARJAH: In line with Sharjah’s development and strategic objectives to enhance economic diversiication, the Sharjah FDI Ofice (Invest in Sharjah - IIS) concluded its participation in three globally leading investment events which were held in Xiamen and Shanghai, China. The three exhibitions set the stage to discuss common investment and business interests between both parties, and presented Invest in Sharjah the opportunity to showcase Sharjah’s most recent economic developments to over 1,000 international experts, economists, and specialists in various industrial and technological sectors.
The delegation from Invest in Sharjah comprised of Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah and Marwan Saleh Alichla, Investment Promotions Manager at Invest in Sharjah. The irst event was the 23rd edition of ‘The World Association of Investment Promotion Agencies’ (WAIPA), which was held from 7th September until 9th September 2018 in Xiamen, one of the biggest economic cities in China.
The theme was, ‘A new era in Foreign Direct Investment,’ which synchronously aligns with Invest in Sharjah’s strategic plan to attract capital investment and strengthen trade with China. The aim of the participation is to promote a knowledge-based economy where both parties collaborate in various sectors including: trading, environment, logistics, health, technology, alternative energy sources, and numerous diversiied sectors.
During their visit, the delegation highlighted the strong trade ties between Sharjah and China and underscored the several successful projects that were implemented by both 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 to Sharjah’s most FDI growth, which witnessed an increase of 102% to Dhs 5.97 billion at the end of last year, in comparison to the igures of 2016.
Invest in Sharjah also showcased latest developments in the emirate’s economic infrastructure, which includes new investment facilities and specialized free zones that caters to the speciic needs of Chinese investors and business owners, and how the emirate’s leading business-friendly and digitally integrated environment supported the emirate’s recent positive credit ratings and low risk exposure from which an anticipated growth of 2 per cent can occur by 2021.
Coinciding with the 23rd edition of WAIPA in Xiamen, Invest in Sharjah also participated in the China International Fair for Investment and Trade (CIFIT), through a panel discussion by Marwan Alichla. Alichla presented attendees on the latest economic and investment opportunities which Sharjah has developed, in a bid to further address the demands of the future for global investors in general, and for Chinese investors in speciic. He also showcased technologies and services which Invest in Sharjah uses to facilitate high-level and mid-level investments, and how this practice is supported through an integrated network of streamlined services in collaboration with the emirate’s state entities, continuously delivering value and quality investment services.
Mohammed Juma’a Al Musharrkh during his keynote speech at the China Outbound Investment Summit.