The second annual Sharjah FDI Forum will be held on September 28 & 29. According to the Emirates News Agency WAM, more than 300 decision-makers, business leaders and economic experts will attend the conference being held under the banner of ‘Sharjah FDI: The Gateway to the Middle East, North Africa and South Asia’. The participants will exchange their knowledge and expertise on trends and developments in foreign direct investment (FDI) in the UAE, the Middle East and internationally.
To be held under the patronage of His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the event is being organised by Sharjah Investment and Development Authority, Shurooq, in partnership with the Financial Times and FDI Magazine. Some senior UAE officials are likely to attend.
“Over the past few years, Sharjah has successfully carved out its name as an economic and investment destination and today is one of the major economic forces behind the UAE’s growth. The emirate has developed as a key economic hub, not just for the UAE, but for the region as a whole. Sharjah’s reputation as a global business location can be attributed to the extensive efforts made by government agencies and authorities, who have all worked tirelessly to promote the emirate at home and abroad,” said Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Shurooq.
According to a recent report published by the Global Innovation Index, the UAE was the first among Arab countries regarding overall performance on the index with an estimated rise of US$11 billion in FDI.
The forum will analyse the current economic conditions prevailing in Sharjah and the UAE, and evaluate the potential opportunities that derive from them. The agenda includes keynote presentations and lively panel discussions, examining the outlook for global business and assessing prospects for investment in various economic sectors in the UAE, particularly in Sharjah.
It will build on the success of the last year’s inaugural event, held to capitalise on the UAE’s 2014 first-placed position as the most attractive country for FDI in the Middle East and Africa.
The UAE Ministry of Economy has reported that the foreign investment in the country has increased to US$126 billion at the end of 2015, compared to US$115 billion at the end of 2014. Also in 2015, the UAE Ministry of Economy estimated the country’s FDI share at 46% of the total investment flow to the GCC, valued at around US$22 billion.
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