Press Release

Shurooq well received at Vibrant Gujarat Trade Exhibition 2013

January 17, 2013

In addition to discussing the available investment opportunities in Sharjah, Indian businessmen and investors were familiarised with the various government departments in Sharjah, their policies, initiatives, business opportunities and the vision of the emirate as laid down by Supreme Council Member and Ruler of Sharjah His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi. Commenting on Shurooq's participation, Mohamed Juma Al Musharrkh, Head of Investment Promotion at Shurooq said: "Shurooq aimed to utilise its participation in Vibrant Gujarat to present the capabilities of the UAE and Sharjah in particular, with a focus on both the existing investment prospects in the emirate as well as the many incentives and facilities that Sharjah has to offer foreign investors." He also highlighted the importance of collaborating with other entities - such as SAIF Zone– during such events, stating that by presenting a united front they are able to promote the best Sharjah has to offer and encourages the maximum use of the emirate's facilities, which offer endless opportunities for business sustainability. Commenting on its collaboration with Shurooq at Vibrant Gujarat Humaid Abdullah Al Khateri, Commercial Director of the SAIF Zone, said: "Events such as this provide an excellent platform through which to explore ways in which various organisations and government entities can pursue mutually beneficial avenues of cooperation and collaboration. Collaborating with Shurooq has been beneficial, and we look forward to similar successful partnerships in the future." Bilateral ties between India and the UAE have been steadily growing in the past and are expected to grow and diversify in the future as both sides strive to strengthen these ties for mutual benefits. In fact, India-UAE trade, valued at US$ 180 million per annum in the 1970s, is today close to US$ 72 billion, making the UAE India's 2nd largest trading partner for the year 2011-2012. Referring to the deep-rooted economic ties between the UAE and India, Al Musharrkh expressed Shurooq's willingness to provide every possible form of support to Indian companies and called on them to invest in Sharjah and expand their business scope in all sectors, as the Indian investor is a very important investor to Sharjah and plays a major role in the economy. 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. The Authority aims to encourage investment by adopting the best international standards in providing quality services that help attract investors from around the region and the world. Its key mission is to provide necessary facilities and incentives, overcome obstacles facing investment activities in the emirate, evaluate development-related infrastructure projects and put in place the necessary plans to complete such projects
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