IIS BROAD­ENS SHAR­JAH-CHINA FDI PROSPECTS

Shar­jah par­tic­i­pates in three in­vest­ments’ events in Xi­a­men and Shang­hai

The Gulf Today - Business - - UAE -

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.

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