Business

Sharjah FDI Forum 2018 To Showcase Current Socio Economic Developments, Changes In Global Economies

The fourth edition of Sharjah FDI forum titled ‘Shaping the Future of Economies’ will kick start on December 10 at the Al Jawaher Reception and Convention Centre, in Sharjah, the United Arab Emirates. Considered as the region’s largest FDI forum, the event is organized under the under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and with the endorsement of the Ministry of Economy of UAE.

The new edition will address the current socio economic developments and changes in global economies, and the integration of innovative solutions and technologies to boost competitiveness and sustainability.

Maharashtra Minister for Industries & Mining Subhash Desai, Thumbay Moideen, Founder and President of Thumbay Group, Sanjay Sethi , CEO of Maharashtra Industrial Development Corporation and many will attend the forum. Considered as a great opportunity for investors to know more about global trends and to know more about the fastest growing economies, high Indian participation is expected. Recently, India was identified as the top international investor in the emirate. India achieved the position leaving UK, USA, and China behind.

The UAE and India currently have bilateral trade valued near 50 Billion US dollars and it is expected to go up by 2020. The recent signing of currency swamping agreement by External affairs minister of India Sushma Swaraj and Sheikh Abdulla bin Zayed Al Nahyan, Minister of Foreign Affairs and International cooperation is expected to accelerate the trade relation between both countries. Considering the events and cultural collaboration, Sushma Swaraj has commented that India-UAE relation is all set to hit unimaginable heights in near future. The Sharjah FDI forum is considered as one of such initiatives of increasing business between India and the UAE.

The Forum will also host high profile speakers, experts and CEOs from the private and public sector across the world.

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.

HE Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq, said: “The future of investments and the global economy remains ambiguous for many investors and business leaders, and the impacts of this uncertainty is impacting world’s societies and future generations. The Sharjah FDI Forum is the strategic platform which brings together the industries’ greatest and biggest thinkers and experts to address how best to prepare for the future.”

For his part, Mohammed Juma Al Musharrakh, CEO of Invest in Sharjah, said: “The goals and objectives of the Sharjah FDI Forum are key to create and further strengthen our FDI growth in Sharjah, and attract strategic ventures across a variety of sectors that sustain the growth of the emirate’s GDP.”

Organised by the Sharjah Investment and Development Authority (Shurooq) and the Sharjah FDI Office (Invest in Sharjah), with the strategic collaboration of CNBC Arabia, The Sharjah FDI Forum is one of the world-leading economic and finance forums, and the largest FDI and investment forum of its kind across MENA.

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