Shurooq CEO serves as panelist at major gathering of global investment community in Dubai
Shurooq successfully concludes participation in AIM 2015 The Sharjah Investment and Development Authority (Shurooq) has successfully concluded its participation in the fifth edition of the Annual Investment Meeting (AIM), a major gathering of the global investment community, which took place in Dubai from 30thMarch to 1stApril. Shurooq attended as an exhibitor and a silver sponsor of the meeting, an important avenue through which elite corporate and individual investors from every corner of the world will make informed decisions about their future investments. Marwan bin Jassim Al Sarkal, CEO of Shurooq, was invited onto the panel of session four of the AIM, entitled: ‘Incentives and asset-seeking FDI, the new rules of the game’, held on 1stApril. He was joined as a panelist by Martin Kaspar, Executive of Fränkische Industrial Pipes in Germany, Arnold Leung, CEO of Appnovation Technologies in Canada, Andrea Goldstein, Senior Economist at the Investment Division of the OECD in France, and Kai Hammerich, President of KA Foreign Investment Corporation AB in Sweden. The panel was moderated by Douglas van den Berghe, CEO of Investment Consulting Associates. The panel analysed the role in incentives in attracting FDI – a hot topic of debate at present among policy makers, business leaders and academia. It highlighted recent developments in the establishment of fiscal incentives to attract higher added activities, and honed in on investors’ experiences in identifying potential incentives for innovation-driven FDI, and the role of governments therein. Bringing together IPA executives and corporate investors, it aimed to create a dialogue around fiscal incentive strategies and policies that can achieve economic development goals while solving the immediate concerns of corporate investors. A number of government authorities and departments participated in Shurooq’s stand, including Sharjah Chamber of Commerce and Industry (SCCI), Sharjah Economic Development Department (SEDD), Sharjah Airport International Free Zone Authority (SAIF-Zone), and Hamriyah Free Zone Authority. These authorities and departments presented existing opportunities in Sharjah, as well as promoting the emirate’s unique business and investment climate – including the benefits of its geographic location, facilities and incentives offered to investors, and a multitude of additional benefits that make Sharjah a destination of choice for the business, manufacturing and investment sectors in the region. Billed as a not-to-be-missed gathering of the global investment community, the fifth edition of the AIM – held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President, Prime Minister and Ruler of Dubai – brought together many of the planet’s foremost academics, experts and practitioners to share ideas about the importance of innovation for growth and development. The theme of AIM 2015 was: ‘Sustainable Development through FDI-Induced Innovation and Technology Transfer’, exploring how FDI can contribute to sustainable economic growth through transfers of technology and supportive investment policies. As a sliver sponsor of the AIM, Shurooq was in a particularly strong position to showcase Sharjah’s appeal as an investment destination – especiallyasone of the region’s most diversified economies – to a global audience from a wide range of industries. Shurooq's key mission is to provide facilities and incentives to help overcome obstacles facing investment activities in the emirate, evaluate investment-related infrastructure projects, and lay down the necessary plans to complete such projects. In recognition of its overall accomplishments, Shurooq was named The Banking Awards 2013 – and 2014 FDI Agency of the Year in the MENA region, in the European’s Global Banking and Finance Awards.