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Sharjah gives global investors a clear understanding of the profit prospects of key economic sectors at Expo 2020 Dubai – Dubai Blog

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In the recent business exchange event “Discover the World of Investment Opportunities in Sharjah” organized by the Office of Foreign Direct Investment in Sharjah (Invest in Sharjah), as part of its participation in Expo 2020 Dubai, regional and global investors used insights Powerful information manufacturing, creative industries, technology and other key areas of emerging business prospects.

Continue to unswervingly fulfill its strategic mission to build a strong and diversified economy, with its non-oil sector accounting for 96% of its annual gross domestic product (GDP), convening meetings on behalf of key officials from Sharjah government departments and free zones Talk about the opportunities that countless investors can explore, while being supported by the emirate’s economic flexibility and stable business environment, sustained market growth and other competitive advantages.

HE Al Mahmoudi welcomes innovators to SRTIP, the fastest growing technology park in the world

Sharjah Research, Technology and Innovation Park (SRTIP) CEO HE Hussain Al Mahmoudi (HE Hussain Al Mahmoudi) urged attendees to visit the world-class free zone. He said: “Today’s event connects with the world Excellent opportunity. SRTIP has a world-class innovation ecosystem, providing entrepreneurs, technology companies and innovation-related companies with an excellent environment for establishment and growth.”

“We are proud to be the world’s fastest-growing technology park and one of the largest transportation and logistics innovation centers; one of the largest additive manufacturing facilities in the region; and hosted in augmented reality, virtual reality, agriculture, and 3D printing In addition, our free zone is surrounded by 22 top educational institutions, with 47,000 students and dozens of PhD holders, which can meet the human capital needs of any company without outsourcing from other countries Or bring in talent.” He added.

Al Musharrkh: Huge investment and cooperation prospects in high-potential industries in Sharjah

Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah, turned his focus to the untapped investment potential of Sharjah. Well-known. With excellent government support, lower operating costs compared to neighboring emirates, and an innovative culture, Sharjah is an ideal choice for companies seeking to establish a base in the Middle East.”

He also emphasized that the fields of culture and tourism, transportation and logistics, health and well-being, green technology, human capital and innovation, advanced manufacturing and agricultural food technology are “high-potential industries with mature investment opportunities.”

Sheikh Saoud bin Mohammed Al Qasimi, Deputy Chief of the Industrial Investment Section of the Sharjah Economic Development Department (SEDD) pointed out: “SEDD has 11 departments, each with its own set of instructions and functions, aiming to provide Sharjah with world-class Of services and franchisees, with 120 fully integrated electronic services, focusing on issuing licenses and permits for various businesses and franchises operating in multiple industries, and ensuring the highest standards of consumer satisfaction in the emirate.”

Not only an industrial center, but also an active promoter of publishing and creative industries-Sharjah

Mr. Salim Omar Salim, Director of Sharjah Press City Free Zone (SPC Free Zone), explained the unique opportunity of the world’s first such free zone. “From business licenses to fully equipped office space, printing and packaging facilities, tax-free income, etc., the SPC Free Zone serves the interests of global publishing companies and supports them in realizing their regional expansion plans. For everyone in the creative industries and related industries. Say, we are all ideal hubs.”

Mr. Abdulaziz Shattaf, Assistant Director-General of the Member Services Department of the Sharjah Chamber of Commerce and Industry (SCCI) pointed out: “When we see Sharjah, we see the industrial center of the UAE. Many factories have a total annual output of not less than 60 billion dirhams and an export value of more than 23 million dirhams.”

He added: “More manufacturers have a lot of room to invest in Sharjah’s manufacturing industry, especially since the UAE has announced its’manufacturing authorization’, which will increase its manufacturing capacity from Dh200 billion in the next five years. To 300 dirhams…”

Mr. Elie Armaly, Director of Business Development of the Sharjah Investment and Development Authority (Shurooq) gave a comprehensive introduction to the bureau’s recent projects in the leisure, hotel, residential and retail sectors, and explained: “We plan to launch from next year to 2025. In 2009, some mixed-use projects were estimated at AED 130-1.5 million, and these projects are expected to continue to attract lucrative partnerships and joint venture prospects between Shurooq and global investors.”

He added: “We are very excited about this. Other projects distributed in the area will make people pay attention to the diversity of Sharjah’s natural terrain. We welcome investors to learn more about these opportunities.”

Sharjah Media City (Shams) Licensing and Customer Relations Director Feras Salibi pointed out that the free zone dedicated to the media and communications industry “may be as young as we started in 2017, but we are making progress. We have more than 10,000 companies in Shams They not only benefit from the many advantages of operating in a free zone, but also receive complete ecosystem support and digital innovation to help them thrive and sustainably develop.”

The event was held in the Business Connect Centre of the Expo 2020 Club. Invest in Sharjah will continue to hold web conferences and corporate discussions until the end of the Expo. Senior government officials, business committee representatives, investors, entrepreneurs, thought leaders, and top management And key members of the Sharjah business community.

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