Page 9 - Al Tijarah - February 2019
P. 9

Invest in Sharjah presents new FDI opportunities

                                         to Indian investors


         Sharjah FDI  Office (Invest in Sharjah)  has  presented the
         exceptional investment advantages and business opportunities                                           48
         offered by the business-friendly emirate to a number of high-
         profile investors and decision-makers from India and around
         the world  participating  in  Vibrant  Gujarat  Global  Summit
         2019, running from January 17-22 in the state capital,
         Gandhinagar.

         Invest in Sharjah participated at one of India's most important
         business forums, as part of the UAE pavilion, under the presence
         of Dr. Thani Ahmed Al Zeyoudi, UAE Minister of Climate Change                                          SHARJAH ACTIVITIES
         and Environment and Dr. Ahmed Al Banna, UAE Ambassador in
         India, and a number of senior officials who explored Sharjah's key   Juma Al Musharrkh, CEO of Sharjah FDI Office (Invest in
         investment opportunities for the new year, and its developing   Sharjah), presented an overview of Sharjah's leading FDI sectors,
         strategy for FDI growth.                            particularly, tourism and leisure, light manufacturing, education,
                                                             transport and logistics, healthcare,  environment, and spoke
         Indian Prime  Minister,  Narendra Modi, along with senior   about  the development projects currently  being implemented
         representatives of several of the nation's economic and political   in the emirate. Al Musharrkh said: "This five-day summit, which
         entities  visited  the  UAE pavilion at the  summit  and explored   brings together India's leading companies and a host of senior
         the nation's efforts. The emirate's FDI Office has furthered its   businesspersons and government officials, is an ideal platform for
         international strategy to bring foreign investors closer to fast-  Invest in Sharjah to introduce Indian and subcontinent partners to
         growing foreign direct investment landscape in Sharjah and the   the exceptional incentives and assistances we offer to those who
         UAE, which has been diversifying rapidly in the past few year to   wish to invest in the emirate."
         record sizeable growth in non-oil sectors. The UAE and India are
         the most important trading partners in the non-oil trade sector.  The  CEO of Sharjah  FDI Office underscored that  Sharjah's
                                                             attractive and robust business environment has already attracted
         The event linked representatives from Invest in Sharjah with the   24,000 Indian companies in a variety of sectors, who have set up
         best economic experts from across the world to explore how   operations in both the emirate's free zones and on the mainland.
         future partnerships can be established to promote the agenda   He emphasised the emirate's strategic location, and sophisticated
         of inclusive and sustainable development whilst meeting some of   infrastructures for air and seaports and stature as some of the
         the current global challenges. During the UAE Country Seminar,   key drivers of Indian FDI in the Gulf region, which is valued at
         which took place as part of the summit's main event, Mohamed   $137 million.
                            Sharjah Holding unveils Uptown

                                    Al Zahia neighbourhood


         Sharjah Holding, a JV between Majid Al Futtaim Properties and   Al Zahia offers a unique place to live, work, and play. Today marks
         Sharjah Asset Management, has announced a new neighbourhood   an important milestone in our journey as we celebrate the launch
         in Sharjah’s Al Zahia’s master planned development. Uptown Al   of our newest neighbourhood and we look forward to welcoming
         Zahia is set to open in 2022 and is to be home to 700 families.  more families into our exclusive community that inspires people to
                                                             celebrate life to its fullest, every day,” said Shadi Al Azzeh, project
         The project features two clusters ‘Woroud’ and ‘Zohour’ and will   head of Al Zahia at Majid Al Futtaim – Communities. According
         offer homes ranging from studios to three-bedroom apartments.   to the developer, Uptown Al Zahia adheres to the same levels of
         The buildings within the neighbourhood are designed to maximise   sustainability that awarded the master planned development the
         privacy and are said to offer modern, light-filled plans with custom   Breeam Communities Interim Assessment Certificate.
         finishes  and contemporary  finishes.  The  neighbourhood will
         feature a number of amenities as well as direct pedestrian access   Sharjah Holding CEO Walid Al Hashimi added, “Uptown Al Zahia
         to City Centre Al Zahia according to a statement.   builds upon the emirate’s rich cultural and environmental heritage.
                                                             We are excited to bring to market yet another innovative
         “Set to elevate community living standards in the emirate, Uptown   destination set within a progressive, sustainable, green community.”
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