Page 9 - Al Tijarah - March 2021

Sharjah Investment Tracker to provide statistics on

domestic and foreign investments

Sharjah Foreign Direct Investment Office Sharjah FDI Office (Invest in Sharjah), 50
(Invest in Sharjah), an affiliate of the said that the Sharjah Investment
Sharjah Investment and Development Tracker is a rich source of information
Authority (Shurooq), has announced on the investment sectors, markets
the launch of the Sharjah Investment and domestic and foreign investments,
Tracker to monitor Sharjah’s investment noting that this information plays
landscape, provide data and statistics on a pivotal role in providing a careful
domestic and foreign direct investments analysis of short- and long-term
and furnish accurate analysis of investment investment trends.
flows through the Tracker website. SHARJAH ACTIVITIES
Al Musharrkh said: “Such up-to-date
Invest in Sharjah office developed the data will enable Invest in Sharjah to
Tracker in collaboration with Wavteq, identify, promote, and prioritize
a global consulting and technology firm target market sectors thereby
specializing in database development empowering potential investors and
and electronic matrix management key decision makers with relevant
systems, as the investment portal will use or new forms of investment, technology information in the emirate and the
a GIS (Geographic Information System) level – low, medium, or high, source wider region.”
mapping tool to provide comprehensive country of investment, and finally, the
site-specific data about the companies sector in which investment is made, such He added that the new Tracker is
investing in the emirate. as construction, retail, finance, agriculture, an effective tool for performance
education, etc., and it is updated daily measurement, to generate new
The Tracker has different filters that to ensure a comprehensive and reliable investment leads, and to set realistic
provide real time information on database of investments in Sharjah. investment targets for all stakeholders
investment type – foreign, domestic, which can, in turn, form investment
reinvestment, mergers and acquisitions, Mohamed Juma Al Musharrkh, CEO of attraction strategies.”

Sharjah attracted foreign investments of 808

million dirhams in 2020

In 2020, Shajah attracted 24 foreign direct investment (FDI)
projects worth Dh808.6 million ($220 million), creating 1,117
new jobs, according to a study on the annual performance of
Sharjah in the foreign direct investment sector conducted by
Wavteq.

The study showed that foreign direct investment attracted by the
emirate increased 60% in the second half of 2020 compared to
the first half, pointing out that the pandemic affected some sectors
but showed the importance of other sectors that provided great
opportunities for investment and business in e-commerce, health due to the Corona pandemic, Sharjah's economy has proven
sector, medical research and personal safety products, which resilient in adapting to the health crisis and has been able to
contributed to the advancement of economic activity in the continue to grow by encouraging international investors to find
emirate among a number of emerging sectors. promising opportunities to expand their businesses and take
advantage of the emirate's economic diversification approach and
Mohamed Juma Al Musharrkh, CEO of Sharjah FDI Office (Invest its investment-supporting environment, as well as low operating
in Sharjah), said that despite the pressure on global FDI flows costs and other competitive advantages.
9