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SHARJAH / WAM
As global economies transition from readying themselves for the Fourth industrial revolution, to devising frameworks and capital markets that pave the way for a profitable and sustainable future, the 4th Sharjah FDI Forum, slated to take place on December 10-11, under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, with the endorsement of the Ministry of Economy, gears up to address the demands of future investment trends.
Organised by the Sharjah Investment and Development Authority, Shurooq, and the Sharjah FDI Office, Invest in Sharjah, with the strategic collaboration of CNBC Arabia, the new edition, which will take place at Al Jawaher Reception and Convention Centre, will address the current socioeconomic developments and changes in global economies, and the integration of innovative solutions and technologies to boost competitiveness and sustainability.
According to the World Investment Report 2017 released by the UN Conference on Trade and Development (UNCTAD), FDI inflows into the UAE grew by 2.2 percent in 2016 to $9 billion from $8.8 billion in 2015. The UAE is ranked 12th on the list of top countries for FDI during the period from 2017 through 2019.
A report by the Ministry of Economy (MoE), shows that the cumulative FDIs to UAE jumped to $117.9 billion by the end of 2016, and the UAE-bound FDI abroad reached $113.2 billion.
Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq, said, “The future of investments and global economy remains ambiguous for many investors and business leaders, and impacts of this uncertainty are affecting world’s societies and future generations. The Sharjah FDI Forum is the strategic platform, which brings together the industries’ greatest and biggest thinkers and experts to address how best to prepare for the future.
“The Sharjah FDI Forum has been one of the key drivers to our business goals, which is to extend and create opportunities for partnerships and ventures with the private sector for Sharjah, and expand on the horizons of our bilateral relations with our existing partners from all around the world.”
Mohammed Juma Al Musharrakh, CEO of Invest in Sharjah, said, “The goals and objectives of the Sharjah FDI Forum are key to create and further strengthen our FDI growth in Sharjah, and attract strategic ventures across a variety of sectors that sustain the growth of the emirate’s GDP. The last three years of the forum successfully highlighted many economic and investment topics at local, regional, and international level, and maintained a strategic pace with latest developments and addressed their impacts on enhancing investment attractiveness and building a competitive economy,” Al Musharrakh added.