By Mohammed Jalal Al Rayssi, Executive Director of the Emirates News Agency, WAM SHARJAH, 20th December, 2018 (WAM) — Despite its being globally renowned for its cultural achievements, Sharjah is also known for its investment sector, which maintains a balance of growth across all sectors.
The emirate has proven its ability to anticipate future trends related to foreign investments and has succeeded in attracting and distributing these investments among real economic sectors, which include renewable energy, Artificial Intelligence, AI, real estate, tourism, health and higher education while making them the drivers of balanced sectoral development. This vision is supported by a set of laws and procedures that assure investors and enable them to increase their profits.
Sharjah’s success in attracting investments is supported by the directives of the UAE’s wise leadership, due to its belief that maintaining a balanced overall growth requires diverse resources and comprehensive partnerships.
The emirate’s investment sector witnessed success and gained momentum, through the efforts of the ‘Sharjah Investment and Development Authority’ and ‘Sharjah FDI Office’, whose achievements were showcased during the “4th Sharjah FDI Forum,” which was held under the patronage of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah.
Sharjah also attracted investments by utilising the abilities of its youth to predict future trends through their skills and various strategic visions, including the ‘UAE Vision 2021’.
This vision attracted the attention of major international investment workshops and forums. However, what distinguishes Sharjah, under the leadership of the Sharjah Ruler, is its accurate assessment of the requirements of foreign investors, which attracted investments and benefitted the local economy.
In light of the UAE’s strategic partnerships with India and China, whose markets are the driving force of the future global economy, relevant investment authorities in Sharjah have benefitted from this approach and are attracting investments in real economic sectors.
The professionalism and credibility of Sharjah’s efforts have made it a serious investment option for businessmen and investors, and it hosts over 45,000 small and medium-sized enterprises, in the areas of industry, real estate, tourism and trade services, with a growth rate of five percent.
Comprehensive, balanced and sustainable economic planning characterises the UAE’s wise leadership and has made the country a model to follow. Individuals and institutions must intensify their efforts to ensure the continuing success of this model.