The third edition of the Sharjah FDI Forum, the annual foreign direct investment (FDI) event held under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah is scheduled to take place on September 19-20.
Organised by Sharjah Investment and Development Authority (Shurooq) and Sharjah FDI Office (Invest in Sharjah), the foreign investment promotion arm at the Authority, the two-day event will be held at Al Jawaher Reception & Convention Centre in Sharjah.
Themed “The 4th Industrial Revolution”, the Sharjah FDI Form 2017, will feature a stellar line-up of thought leaders, renowned global economy experts and senior executives from the public and private sectors, all of whom will be looking at the investment opportunities and challenges presented by the current global economic conditions, with a specific focus on Sharjah and the UAE. The forum will also examine the current and future economic situation in the region and assess the outlook for its investment prospects. It will highlight a range of topics concerned with the future of the global economy, including the FDI reality, the Fourth Industrial Revolution and the impact of new technology.
“The Sharjah FDI Forum is a premium event that supports the march of sustainable economic development. It will examine trends in the economy and assess Sharjah’s experience of diversification, which includes equipping its key economic players with the requisite tools to ensure balanced growth,” said HE Marwan bin Jassim Al Sarkal, CEO of Shurooq.
“In its previous editions, the Sharjah FDI Forum has succeeded in providing practical concepts to develop investment policies and legislation for the optimal use of government and human resources. The third edition seeks to forecast the future of the global economy and its latest trends in order to strengthen the ability of the UAE and Sharjah in particular, to attract foreign direct investment and boost the emirate’s business-friendly environment,” added Al Sarkal.
Mohammed Juma Al Musharrakh, Director of Invest in Sharjah, said: “The Sharjah FDI Forum is consistent with the strategic goals of Shurooq that aim to attract investors to Sharjah and to draw attention to its advantages as being a key regional business destination. We look forward to using the platform to highlight the opportunities in the emirate and to promote its investment-friendly environment.”
According to the World Investment Report 2017 released by the UN Conference on Trade and Development (UNCTAD), FDI inflows into the UAE grew by 2.2% in 2016 to US$9 billion from $8.8 billion in 2015. The UAE is ranked 12th on the list of top countries for FDI during the period from 2017 through 2019. The UAE has managed to achieve this growth in spite of a 1.6% decline in FDI inflows in 2016 on the global level and a 2% fall in Western Asia.
The report also shows that the cumulative FDIs to the UAE jumped to $117.9 billion by the end of 2016 from $109 billion at the end of 2015, a growth rate of 8.2%, with the UAE-bound FDI accounting for 26.5 percent of total FDI to GCC by the end of 2016.