Press Release

Shurooq participates in the 4th Annual Investment Meeting

April 1, 2014

Meetings with elite investors planned
The event will focus on investment operations in sectors like agriculture, tourism, entertainment, infrastructure and logistics, and will highlight the role of foreign direct investment in the Arab and regional economies, with a special focus on emerging markets which serve as the economic growth engine of the world. Participants will also discuss investment partnerships and investigate feasible regional and international investment options. A number of Sharjah's government authorities and departments, including the Sharjah Chamber of Commerce and Industry, Sharjah Economic Development Department, Sharjah Healthcare City and Hamriyah Free Zone Authority, will be participating within Shurooq's stand to promote investment opportunities in their respective sectors. HE Marwan bin Jassim Al Sarkal, CEO of Sharjah Investment and Development Authority (Shurooq), commented: "The Annual Investment Meeting is one of the major events that targets FDI in emerging markets and, as such, draws the attention of elite investors in the region and the world. The forum, in particular, aims to help corporate and individual investors make informed decisions about future investments in regions with a high growth rate." He added: "This year's edition will showcase international case studies and will feature the UAE's efforts to attract investors via its competitive facilities and incentives across different sectors with the aim of accelerating the process of economic diversification. In this regard, Sharjah is unique - it boasts the most diversified economy in the region. In fact, Sharjah does not rely on one particular economic resource and is constantly striving to diversify to ensure sustainable welfare and prosperity for citizens and residents." Al Sarkal stated that, during the event, Shurooq will host a number of meetings with representatives of economic and business corporations, as well as with elite businessmen and investors from a number of participating countries to discuss the available investment opportunities in the emirate, and to present the various policies and initiatives provided by the Sharjah Government to foreign investors. Shurooq is currently developing and managing a number of tourist, entertainment and heritage projects worth AED5 billion. These include Al Qasba, Al Majaz Waterfront, the Flag Island, Al Montazah Amusement and Water Park, the Heart of Sharjah, Al Bait Hotel, Al Jabal Resort, The Chedi Khorfakkan, Kalba Eco-tourism Project, as well as other leading projects which have contributed significantly to developing the country's economy by attracting top investors, businessmen and international corporations, and boosting domestic and inbound tourism. Established in 2009, Shurooq strives to encourage investment in the emirate of Sharjah by adopting the best international standards in providing quality services that help attract investors from the region and the world. Shurooq's key mission is to provide facilities and incentives to help overcome obstacles facing investment activities in the emirate, evaluate tourism and 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 - FDI Agency of the Year in the MENA region, in The European's Global Banking and Finance Awards.
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