GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

Business roundtable organised by Invest in Sharjah in conjunction with Jordan Business Council attracts over 100 stakeholders from across the region

Sharjah, April 17, 2017

The rich array of investment opportunities to be leveraged from effective pan-Arab collaboration was the topic under discussion at a high level business event held yesterday (Monday) in Sharjah. Hosted by the Sharjah FDI Office (Invest in Sharjah) in conjunction with the Jordan Business Council, the event saw the participation of senior consul generals from across the region and more than 100 stakeholders keen to explore potentially lucrative areas of business engagement. 

Conceived by Invest in Sharjah - the Foreign Direct Investment (FDI) office operating under the government of Sharjah - the Sharjah-Arab Business Roundtable was held to identify areas of partnership that could lead to mutual benefits for all parties involved in investment initiatives. Included among the senior dignitaries attending were His Excellency Jumaa Abdullah Al Abbadi, Ambassador of Jordan, His Excellency Abdulaziz bin Mohammed Hassan Al Hammadi, Consul General Qatar, His Excellency Deyab Al Rashidi, Consul General Kuwait, His Excellency Abdel Azim Mohammed el-Sadiq, Consul General Sudan and His Excellency Lutfi Bin Amer, Consul General Tunis.

Taking place at Sheraton Sharjah Beach Resort & Spa, the Sharjah-Arab Business Roundtable discussed areas of potential collaboration between Arab entities, with a particular focus on small businesses and the key sectors of commerce, real estate and healthcare. 

Speaking on the historic relationship Sharjah has established with Arab investors since the 1970s, His Excellency Marwan bin Jassim Al Sarkal, CEO of Shurooq, welcomed the high-level attendees, greeting them with the latest insights and information on how Sharjah has been home to several generations of Arab-based investments and companies across multiple sectors. 

Following the welcome note, which was delivered by His Excellency Ihsan Qatawneh, Chairman of the Jordanian Business Council in the UAE, the panellists took part in the first discussion on the agenda, which covered investment opportunities in the industrial and commercial sectors. Opening the discussion was Rula Al Tarawneh, media personality and technical business analyst, who spoke about the importance of sustaining an open free market. She said that Sharjah's average low inflation rate of 0.2 per cent year-on-year, with the rate never exceeding four per cent, was proof of Sharjah's economic success. 

The first discussion of the roundtable then followed, with its contributors comprising Mr. Muneer Al Kaloti, Chairman of Al Kaloti Group of companies; His Excellency Dr. Abdulaziz Saeed Al Muhairi, Director of Sharjah Health Authority; His Excellency Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone Authority, and Mohamed Juma Al Musharrakh, Director of Invest in Sharjah. 

Mohamed Al Musharrakh, Director of Invest in Sharjah, expanded on the role of Invest in Sharjah, which he said was launched to integrate the Sharjah government departments involved in investment and to create a unified direction for them to follow. 

“We integrate our initiatives with multiple federal partners such as the Ministry of Economy of the UAE, where we find strategic solutions to develop Sharjah's investment profile and enable ourselves a strategic model for sharing of information, which enables them a stronger outreach to investors wishing to diversify their investments in the UAE,” he said. 

“We have 13,053 Arab companies registered with the Sharjah Chamber of Commerce and Industry operating in mainland Sharjah and 3,422 Arab companies working out of the emirate's free zones - a figure equating to 26 per cent of all free zone companies being Arab national organisations. Our role at Invest in Sharjah is to ensure that all entities wishing to invest in the emirate - Arab and international - are given every opportunity and assistance to get their businesses up and running. Once established, we work to ensure that their operations return a healthy profit,” he continued.

Al Musharrkh also highlighted Sharjah's leading and dynamic environmental and waste management and recycling sectors, as well its education sector, in particular Sharjah University City, which hosts more than 12 universities, all of which contribute to developing the emirate's innovative and knowledge-based economy .

Mr. Muneer Al Kaloti, Chairman of Al Kaloti Group of companies, spoke about how Sharjah's ease of import, export and conducting business was a key aspect of his organisation's success, with qualities such as high levels of logistics, safety, security and transport positioning the emirate as the leading destination for his sector.

“Seventy-four per cent of jewellery trade in the world is conducted from the UAE and Sharjah is a key player and driver in the growth of this sector. The UAE is one of the leading countries in the precious metals and jewellery sectors and Sharjah is playing a big part in this lead.” 

Speaking about Sharjah's booming healthcare sector, His Excellency Dr. Abdulaziz Saeed Al Muhairi, Director of Sharjah Health Authority, highlighted that it was worth approximately USD 2 billion in 2016, with the overall UAE healthcare sector forecast to grow at seven per cent annually to 2020. He pointed out that the forthcoming Sharjah Healthcare City will be one of the region's largest healthcare free zones and that Sharjah had been named as the first Healthy City in the Middle East by the World Health Organisation.

“Studies conducted by PwC, Shurooq and other resources have highlighted the significance of Sharjah's healthcare sector, whether in SME health-related investments, hospitals or specialised medical centres. We focus on developing facilities, technologies and services that make investors' access to Sharjah's healthcare market easy and we support their investments through continuous market research. Sharjah Healthcare City will focus on promoting light to medium manufacturing industries and investments in their respective specialisations,” he said.

Discussing how free zones were the life blood of Sharjah's economy, His Excellency Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone, spoke of how the zones were transforming themselves into centres of innovation and excellence.

“Hamriya Free Zone is committed to developing new services and initiatives that are transforming and optimising Sharjah's free zones into fully integrated areas that allow investors hands-on access to insights, information, data and services that directly cater to their needs and requirements,” he said.

Taking part in the second panel discussion at the roundtable, which focussed on real estate investment opportunities, were Humaid Al Abbar, Consultant of Sharjah Real Estate Registration Department; Marwan Al Zaiem, Chairman of Al Marwan General Contracting in Sharjah and Abdulaziz Fekri, Director of Al Sajaa'a Industrial Oasis. 

“The total market size for the buying and selling of land in Sharjah in 2016 was worth AED 24 billion. Arab investors are always looking for easy regulations and strong market penetration, which is why Sharjah has always been a primary choice for Arabs investing in the UAE. Investor confidence in the emirate is very high because of this. We formulated rules and regulations to support the growth of this strategic sustainability. For example, Tilal City developed new multi-community projects that will house more than 60,000 individuals, in addition to this, more high level projects continue to project investment growth in this sector in Sharjah,” commented Al Abbar.

Speaking about how his organisation facilitates real estate purchases for Arab nationals, Fekri said: “We created a haven which is ideal for investors on both regional and global levels. Our project is focused on supporting Arab investments, with ownership regulations allowing Arab companies easy access toF and establishment of their networks in Sharjah, with land ownership and tax-free services to support their needs. We target two types of investors, real estate and retail/commercial. Our services are personalised to cater to these types of investments, where we develop our infrastructure to sustain property investments.”

Finally, giving a personal account of how he successfully grew his real estate business from the supportive environment in Sharjah, Al Zaeem said: “I arrived in the UAE in 1985 and had my first business meeting in Sharjah. Sharjah deservedly has one of the most respected reputations in the way it welcomes Arab investors and investors from around the world. Today my establishment is home to more than 2,800 employees, all working to developing our real-estate and property network in Sharjah.”

Launched at the Sharjah FDI Forum in September 2016, Invest in Sharjah aims to help investors and entrepreneurs maximise the potential of their operations by providing them with guidance and direction on opportunities that lead to the growth of their businesses. It enhances cooperation and partnerships between entities to ensure the achievement of the desired growth and facilitates the exchange of expertise and knowledge of the unique cultural, commercial and social environment in Sharjah.



Posted by : GoDubai Editorial Team
Viewed 7436 times
Posted on : Monday, April 17, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Mashreq Bank and Daman Investments Successfully Conclude One of the Largest Family Business LBO Tran...
Next Story : S&P Global Ratings: Sukuk Accounting Proposal Takes The Standardization Debate To A New Level
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Fresh Hair in an Instant with SHOW Beauty
Amadeo® Fleurier 39 “Fan”
Mother's Day Gift Guide 2018 from The Little Birdy Group
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March...
Moreish Café in Dubai introduces a healthy Quinoa Burrito
True Colours
Robinsons Honored for Outstanding Store Design
Splash receives 2 awards
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enh...
RAK Hospital launches the biggest weight-loss challenge in association with MoHA...
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired ma...
Food Lovers Rejoice: Dubai Food Festival Is Back This Month
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018
Mealtop, Introducing a Whole New Dessert Experience
Optim-Eyes Lashes & Brows with Filorga
Al Ahli Holding Group to redefine the UAE value shopping category through an AED...
NEZO launches new identity to guide consumers in selecting the best salt for the...
Safilo Group Reveals Its Spring/ Summer 2018 Collection
WGS 2018: Governments Need to Prioritize Wellbeing of Citizens, Say Internationa...
Redefining the Skin Clinic Experience. #allnewkaya opens in Muscat City Centre!
The new BMW HP4 RACE arrives at Abu Dhabi Motors – one of just 750 built
The Robots Are Coming: Ministry of Finance Brings Artificial Intelligence to Dub...
Leading Scientists, Astronauts Share Insights on why Space Exploration Matters a...
Kate Spade New York Spring 2018 Collection
New Report from Accenture and the World Government Summit Finds That Regulators ...
ADNOC Schools Team Wins Etihad Artificial Intelligence Competition
Garbiñe Muguruza Hungry for Success at Dubai Duty Free Tennis Championships
First Ever UAE Race Car Fitted with Immensa 3D Printed Parts
Global Expansion in sight for ICONS© Coffee Couture
WGS 2018: Innovation to Propel Dubai into the Next Century
WGS 2018: Governments of the Future Must Work Smartly with Innovation and Technology
Catch Some Zzz's in the IKEA Nap Truck
Dubai Electronic Security Center Receives Overwhelming Interest From Regional an...
Turkish Airlines has announced its 2018 January passenger and cargo traffic results.
Global energy shifts set to transform the Middle East energy sector
Emirates firms up order for up to 36 additional A380s
Dubai Airports' new Modular Data Centre Complex (MDCC) a 'world first'
Al Ghurair Foundation for Education Event on ‘Graduating Work Ready Youth' Unvei...
Dual Investments Brand LE66 to Relocate from City Walk to New Dubai Location in 2018
WGS 2018: Global Policy Platform Panel Considers Supporting Female Entrepreneurs...
Do You Feel Sleep Deprived? Nearly Half of UAE Would Give Up Social Media for an...
WGS 2018: Renowned Innovation Expert Fast Forwards Time to Showcase Glimpse of t...
South African artisans of fine leather products look to make big impression at L...
Former Indian Space Chief Presents Country as a Global Low-Cost Provider of Sate...
WGS 2018: For the Future of Mankind, Mars is the Next Frontier, Says Renowned Ar...
15,000 participate in the Dubai Cares' annual Walk for Education 2018 in support...
Ground-breaking cellular therapy set to revolutionise treatment for children wit...
DAMAC Properties deliveries surpass 20,000 unit milestone as it reports net prof...