Dubai: Sharjah FDI Expected to Break AED 1 Bln Barrier by End Of 2017Source: www.export-egypt.com 4/3/2017, Location: Middle East |
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Sharjah's total foreign direct investment is expected to exceed a record AED1 billion by the end of the year - an anticipated growth of 15 per cent on 2016, the Sharjah FDI Office (Invest in Sharjah) of the Government of Sharjah, announced
"The figures are a massive testament to Sharjah’s focus on encouraging overseas businesses to establish and expand their assets in the emirate, and emphasise the overall attraction of its unique prospects. The news is particularly impressive to economists and entrepreneurs who also witnessed record FDI figures of AED 912 million last year," it said in an emailed statement during the seventh Annual Investment Meeting (AIM 2017), which was inaugurated , by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at Dubai World Trade Centre . Sharjah's tourism and travel sector is expected to grow to more than AED5 billion by 2019, while the transport and logistics sector is projected to reach AED 7 billion, according to Mohammed Juma Musharrakh, Director of Sharjah FDI Office. . "The healthcare sector is expected to touch AED8.76 billion, while the environment and sustainability sector is predicted to make great leaps ranging from AED87.6 billion to AED 171 billion by 2019," he said. . "Sharjah has progressed on many levels, attracting unique and long-term investments all contributing significantly to the emirate’s FDI growth. . Strategic facilities and services such as 100 per cent foreign ownership, tax-free and customs-free services have all played a flagship role in growing the emirate’s popularity among investors, who continuously choose Sharjah as a key destination for diversified investments," said Saud Salim Al Mazrouei, Director of Hamriya Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF ZONE). |
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