Sharjah" At the top "AIM Investment" …a competitive environment and a preferred global destination for business communities
ABU DHABI, 8th MAY / WAM / The Emirate of Sharjah presented, during its participation in the work of the thirteenth session of the “AIM Investment Summit”, held in Abu Dhabi during the period from 7th to 9th May this year, under the slogan “Adapting to the transformation of the investment landscape… Harnessing the potential New global economic development, its vision for responsible investment and sustainable economy, and incentives to attract foreign investments to local markets.
The participating delegation, which was headed by the Sharjah Foreign Direct Investment Office “Invest in Sharjah”, included representatives of the Sharjah Department of Economic Development, the Sharjah Chamber of Commerce and Industry, the Sharjah Media City (Shams), and the Sharjah Investor Services Center (Saeed).
The participation program included a joint pavilion of participating entities from the emirate, in addition to participation in two main dialogue sessions, which addressed the sustainable development dimensions of investment and innovative promotion mechanisms for foreign direct investment agencies to reach global business communities.
His Excellency Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department, said that participation in the activities of the thirteenth session of the “AIM Investment Summit” confirms the department’s continued keenness to be present in various economic exhibitions and forums that would contribute to advancing the economy in the emirate by stimulating, encouraging and attracting Investing in various economic sectors.
Al Mahmoud added that this participation comes within the department’s strategic plans, which focus on developing economic sectors and working to highlight and support them in all ways, in continuation of its efforts and endeavors to attract investors, as this event is one of the best platforms for businessmen and companies to meet, which contributes to achieving sustainable economic development in Sharjah.
His Excellency Dr. Khalid Omar Al Midfa, Chairman of Sharjah Media City (Shams), confirmed that global markets have witnessed a state of momentum and activity in recent years, which has been reflected in the Emirate of Sharjah as an attractive destination for investments, especially in free zones, especially since it has a solid infrastructure and laws that have contributed to gaining the confidence of investors. .
He said that free zones play a major role in the growth of the emirate’s internal economy, pointing out that the Emirate of Sharjah, thanks to the directives and vision of its wise leadership, is witnessing activity in the movement of commercial exchanges in general, which supports attracting investments. It has also effectively contributed to the economic growth of the Emirate of Sharjah due to its ideal investment climate, durability and security. Its economy, as it has proven its continuous support for the performance of the national economy, as well as its embrace of many qualitative and distinguished projects.
Al Midfa considered that the support and sponsorship of Sharjah Media City (Shams) for this gathering is an ideal opportunity to showcase the investment opportunities offered by the emirate, which contributes to strengthening the position of the United Arab Emirates and the Emirate of Sharjah in attracting investments.
His Excellency Mohammed Ahmed Amin Al Awadhi, Director General of the Sharjah Chamber of Commerce and Industry, confirmed that the Annual Investment Forum has become one of the most important international economic events and a leading platform for enhancing international cooperation. The Sharjah Chamber is keen to participate in this event with the aim of promoting the attractive investment environment and investment incentives, in addition to introducing the encouraging advantages to investors. And the businessmen that characterize it, making it an attractive destination for investors from different countries of the world.
He pointed out that the Sharjah Chamber is looking forward to achieving effective and positive participation in the forum by highlighting the nature and quality of the distinguished services it provides to the business community and its role in growing and developing their businesses through its affiliated institutions such as the Sharjah Export Development Center, the Sharjah Expo Center, the Sharjah Center for Commercial and International Arbitration, and the work groups. The sector sector is keen to provide various services to support companies and the private sector, in addition to attracting foreign investments by organizing international trade missions and participating in local and international economic events and forums.
His Excellency Mohammed Juma Al Musharrakh, Executive Director of Invest in Sharjah, stressed the keenness to participate in international events that address the latest developments and updates in the global investment scene and its impact on the markets in the Arab Gulf countries and the region, pointing out that global markets in general and the movement of foreign investment in particular in Constant change makes specialized investment events an effective means of understanding and identifying new trends and formulating plans and programs that enhance the competitiveness of local markets for foreign investments.
Al-Musharkh said: Today, Sharjah is at the top of the list of attractive destinations for foreign direct investment, and according to FDA Markets data, Sharjah ranked fifth as the fastest growing global city in foreign direct investment during the year 2023.
He added: We consider this achievement to be the result of the joint efforts of all entities and institutions in the emirate. These results also confirm the promising future prospects for investment and business in Sharjah, which requires more effort and the development of plans and strategies to protect and develop this achievement.
He explained that in this context, participation in “AIM Investment” comes to strengthen the network of relationships and introduce the unique and distinguished opportunities that await investors and entrepreneurs in the markets and sectors of Sharjah’s economy.
The first session, in which Marwan Al-Ajla, Director of the Investment Promotion and Support Department at the “Invest in Sharjah” office, participated, was entitled “Benefiting from Foreign Direct Investment to Mitigate the Effects of Climate Change… The Rise of Sustainable Investments in Developing Countries,” and it addressed the role of foreign direct investment in Supporting climate change efforts in developing countries, and strategically directing investments towards sustainable investments, especially in the field of green technologies and projects that limit environmental and climate damage.
Hamad Al Shamsi, Investment Director for Regional Promotion at Invest in Sharjah, participated in the second session of the AIM Investment Summit, which was organized by WIFTEC, the leading company in the field of studies and research services specialized in economic development. The session was titled “Digital Marketing Methods.” For small and medium investment promotion agencies to attract foreign direct investment.
The session discussed mechanisms for employing appropriate digital tools and platforms to introduce investment opportunities and the competitiveness of markets and sectors by foreign direct investment agencies.
This year’s AIM Investment Summit witnessed a wide turnout from government officials, decision-makers, heads of prominent global financial institutions, and leaders of business communities, as it attracted more than 100 decision-makers, 900 speakers, and more than 12,000 participants from 175 countries.
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