Sharjah, 6 September 2022 (WAM) — A new report by the Sharjah FDI Office (Invest in Sharjah) shows the high investor confidence in the emirate’s diverse economy and its popularity as an attractive destination for foreigners. It offers key insights into continued attraction. Direct Investment (FDI) is welcomed by both public and private sector officials in the Emirates.
Invest in Sharjah’s ‘FDI Future Trends and Sector Potential’ report is published in collaboration with numerous government and private sector bodies in the Emirate, and in partnership with PricewaterhouseCoopers (PwC) Middle East. It outlines strong business-friendly policies. A future-proof infrastructure and a high level of innovation are critical to the emirate’s ability to overcome rapid changes in financial and economic conditions, such as those seen during the pandemic. The report also outlines Sharjah’s post-pandemic growth today and identifies seven potential sectors that are making the country more competitive as a knowledge-based economy.
Sheikh Fahim, Chairman of the Department of Government Relations, commenting on Sharjah’s strong economic position, which has made the Emirate of Sharjah a global prominence and strengthened its position as a prominent financial and business hub in the region. Bin Sultan Al-Qasimi said: Implementing innovative strategies to accelerate growth during the pandemic has delivered sustainable results in the form of innovative workflows, development of advanced management tools, and adoption of a remote work culture, especially for employees. This has led to the expansion of essential human resource skills for employees. Telecom and IT departments. ”
Sultan Abdullah bin Hada Al-Suwaidi, chairman of Sharjah Economic Development Authority, said, “Sharjah is working to stimulate different economic sectors, especially the new sector of the knowledge-based digital economy. We are witnessing a massive influx of investment.”
He noted that the country as a whole, and Sharjah in particular, is characterized by a stable investment, economic and political environment that has enabled it to continue its economic growth despite periods of global economic recession, and that many factors contribute to this. pointed out that the contribution of It includes strategic locations that constitute a favorable economic environment, government spending and unique free zones that contribute to stimulating foreign direct investment.
Khalid Jassim Al-Midfa, Chairman of Sharjah Commerce and Tourism Development Authority, commented:
Highlighting the efforts of Sharjah Media City (Shams) to further strengthen the emirate’s competitiveness, Chairman Dr Khaled Al Midfa commented: -19, The media sector has shifted focus from large corporations to a new generation of individual content creators. Nurtures and media sectors are at the core of Sharjah and the UAE’s comprehensive economic system. ”
Hussain Al Mahmoudi, CEO of Sharjah Research Technology and Innovation Park (SRTIP), citing the growing importance of technology-driven services across the sector, said: “Sharjah has a clear focus on the smart industry. We aim to expand the scope of vocational training through the use of technology, and are also keen on the convergence of technology and education by introducing mixed reality applications into learning using the possibilities of various emerging technologies. is.”
Outlining the potential opportunities to support Sharjah’s clean energy vision, Bee’ah Group CEO Khaled Al Huraimel said: Innovative waste-to-energy solutions where low-carbon development pathways are achieved through material recovery using artificial intelligence and conversion of non-recyclable waste into energy. ”
Najla Al Midfa, CEO of Sharjah Entrepreneurship Center (Sheraa), commented on Sharjah’s thriving entrepreneurial ecosystem fueling the aspirations of changemakers in the high-impact sector. Impact and positive change, and this has been reinforced during the pandemic. We have seen start-ups rethinking the world and developing solutions that accelerate the recovery of post-corona nations. Home to innovative founders creating the jobs of the future. ”
Mr. Abdulaziz Shattaf, Assistant Director General for Communications and Business, Sharjah Chamber of Commerce and Industry (SCCI), outlined future plans to expand the reach and scope of commercial events and activities hosted by the organization through clear marketing strategies. Did. He said, “This strategy aims to open up effective channels of communication between shopping centers and all stakeholders, including consumers, making Sharjah one of the most prominent tourism destinations both locally and globally. and the unique advantages that make it one of the commercial destinations.
Spotlighting innovations in the transportation and logistics sector that have positioned Sharjah as an international trade hub, Gulftainer CEO Charles Menkhorst said: Commercial, pharmaceutical and temperature controlled commodities are entering Sharjah and the northern regions. ”