The Sharjah Foreign Direct Investment (FDI) Forum is one of the world-leading economic and financial forums and the largest FDI and investment forum of its kind across the MENA region.

CEO of the Sharjah FDI Office, Mohamed Juma Al Musharrkh stressed upon adaptability, saying that staying abreast of technology, lifestyles, and changing managing systems is the solution.

“Amidst rapid shifts in economic power centres and investment developments in the global economy, significant growth rates don’t come from economically developed countries but, from emerging markets which represents ‘60 per cent of the world’s economic output, the bread and butter to global economic growth,’ according to a report published UBS this year.”

“Several global investors are looking for opportunities offered by emerging economies, including the UAE.

“According to the UNCTAD report, FDI in the UAE increased by 7.8 per cent (US750 million) in 2017.

"This advanced its rank on the global FDI scale to the 30th. The gross inflow of foreign investment in 2017 reached US10.354 billion compared to US9.06 billion in 2016.

"These achievements placed the UAE as the top attractor for FDI in the Arab region with 36 per cent of FDI investment in the Arab world and ranked 2nd in west Asia through 40.6 per cent of the investment in that region.”

Mr Musharrkh noted the country’s achievements are the "fruition of a solid government strategy that aims to achieve a strong competitive knowledge-based economy which enhances UAE’s position as an international hub and a centre of the fourth industrial revolution".

“Through sound decision-making process that considers variables and changes in the economic, investment market and educated foresight of future trends, UAE’s policymakers create solid and strategic plans that are based on expanding partnerships, incentives, and support. That’s the key driver of the positive result.”

“In line with the UAE strategy, Sharjah’s policy of economic diversification, mainly supporting small and medium-sized enterprises (SMEs), is a key driver of sustainable development and dynamic economy that attracts foreign assets. Sharjah is now home to 45,000 SMEs operating in various sectors, including manufacturing, real estate, tourism and business services.”

The Sharjah Foreign Direct Investment (FDI) Forum will take place on 10 – 11 December 2018, at Al Jawaher Reception and Convention Centre in Sharjah.

Source: Sharjah Update

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