Page 9 - Al Tijarah - October 2018
P. 9

'Invest in Sharjah' broadens Sharjah-China

                                       investment markets

        In line  with Sharjah’s  development                                                                  47
        and  strategic objectives to  enhance
        economic diversification, the Sharjah
        FDI Office (Invest in Sharjah) concluded
        its  participation in three  leading global
        investment  events which were held  in
        Xiamen and Shanghai, China.

        The  three  exhibitions  set  the  stage  for
        discussions on  common  investment  and                                                               SHARJAH ACTIVITIES
        business  interests  between  both parties
        and presented "Invest in Sharjah" the
        opportunity to showcase  the emirate’s
        most  recent economic developments  to
        more than 1,000  international  experts,   Sharjah" used the opportunity to present   Investment Summit, took  place on  12th
        economists, and  specialists  from  various   the existing economic factors, which have   and 13th September, 2018, in Shanghai.
        industrial and technological sectors.  contributed  the most to Sharjah’s FDI   In a dialogue session  which was titled,
                                           growth, which witnessed  an increase  of   "Guiding your success,"  Al Musharrkh
        The   delegation  from  "Invest  in  102 percent to AED5.97 billion at the   led the discussion on  using positive
        Sharjah" comprised Mohamed Juma Al   end of last year, in comparison to the   investment results to ensure sustainable,
        Musharrakh,  CEO of Invest in Sharjah   figures of 2016.             effective, and long-term investment. The
        and  Marwan  Saleh Alichla, Investment                               discussion  evoked key  insights  on the
        Promotions Manager at Invest in Sharjah.   "Invest in Sharjah" also showcased the   current  economic and bilateral growth
        The  first event  was  the  23rd edition of   latest  developments  in the  emirate’s   between Sharjah and China.
        "The World  Association of  Investment   economic infrastructure, which includes
        Promotion Agencies", WAIPA, which was   new investment facilities and specialised   Al Musharrkh also highlighted the efforts
        held recently in Xiamen, one of the cities   free zones that caters to the specific   by "Invest  in Sharjah"  to activate  vital
        in China with the biggest economy.  needs of Chinese investors and business   sectors to drive economic diversification
                                           owners, and  how the emirate’s leading   and consolidate the economic relationship
        The theme was, "A new era in Foreign   business-friendly and digitally integrated   between Sharjah and China.
        Direct Investment," which synchronously   environment supported the emirate’s
        aligns with the strategic plan of "Invest in   recent positive credit ratings and low-  Commenting  on the  commitment of
        Sharjah" to attract capital investment and   risk exposure from which an anticipated   "Invest in Sharjah" in strengthening ties
        strengthen trade with China. The aim was   growth  of  two  percent  can  occur  by   with one of biggest economies  in the
        to promote a knowledge-based economy   2021.                         world, Al Musharrkh said, "China is a
        where both parties collaborate in various                            major driving force of the world economy
        sectors including  trading,  environment,   Coinciding  with the 23rd  edition of   with countless businesses operating in all
        logistics, health, technology,  alternative   WAIPA in Xiamen, "Invest in Sharjah"   fields. Through our participation in these
        energy sources, and numerous diversified   also participated in the China International   three events, we intend  to  cement  the
        sectors.                           Fair for Investment and Trade, CIFIT,   relationship  between the  two countries
                                           through a panel discussion by Alichla. The   and build on new investment territories
        During the visit, the delegation highlighted   attendees were presented with the latest   thanks to Sharjah’s continuous economic
        the strong  trade ties between Sharjah   economic and investment  opportunities   development. In a  knowledge-based
        and  China and  underscored  the several   which Sharjah had developed, in a bid to   economy, we can learn and grow with
        successful projects that were implemented   further address the demands of the future   each  other.  As China  uses  Sharjah’s
        by both, the government  and  private   for  global investors in general, and  for   economic  infrastructure  to  bring  to  the
        sector, and how these  projects directly   Chinese investors in specific terms.  region cutting-edge technologies and their
        facilitated numerous Chinese investments                             success stories, we also work diligently to
        into the region. Moreover, "Invest  in   The third event, The China Outbound   be a successful partner and provide a high
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