Press Release

Shurooq to host Sharjah-British Business Roundtable

March 5, 2014

Roundtable aims to promote business and investment opportunities in Sharjah
The roundtable will be attended by Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), HE Marwan bin Jassim Al Sarkal, CEO of Shurooq, HE Edward Hobart, British Consul General, and David Burns, Deputy Chair of the British Business Group, in addition to a number of government representatives from both Sharjah and Britain, as well as members of the British Business Group and the British business community in the UAE. Following welcome notes by the Chairperson of Shurooq, the British Consul General in the UAE, and the Deputy Chair of the British Business Group, the Roundtable will feature a series of presentations each focused on one of four key investment sectors, which will be outlined during Shurooq's opening presentation, namely Tourism, presented by the Sharjah Commerce and Tourism Development Authority, Logistics, presented by Hamriya Free Zone Authority, Renewable Energies & Environment, presented by The Sharjah Environment Company (Beeah), and Healthcare, presented by Sharjah Healthcare City. A Q&A session and networking lunch will conclude the proceedings. Commenting on the upcoming event, HE Marwan bin Jassim Al Sarkal, CEO of Shurooq, said, "Shurooq is extremely pleased to be organising the Sharjah-British Roundtable event. Although the business communities of Sharjah and Britain are by no means strangers - the relationship between our countries dates back centuries - there are still many highly mutually beneficial business and investment opportunities waiting to be availed for investors and companies from the UK and we are looking forward to exploring these with our counterparts in the British business community." The emirate of Sharjah and the UK enjoy a longstanding and highly successful relationship. In 2012, the value of trade exchange between Sharjah and the United Kingdom was AED 1.1 billion. Although there has been a slight decrease in the overall trade between Sharjah and the UK - trade in 2010 was AED 1.2 billion - imports from the UK into Sharjah has increased significantly with a CAGR of 15%. Jet engines and airplane parts amounted for the highest import value, while steel and steel products were the highest exported products from Sharjah to UK. Shurooq was established in 2009 with the aim of achieving social, cultural, environmental and economic development on the basis of Sharjah's distinct Arab and Islamic identity, and to encourage investment by adopting the best international standards in providing quality services that help attract investors from the region and the world. The Authority'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.
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