Sharjah Investment and Development Authority (Shurooq)
Sharjah - Arab Today
The Sharjah Investment and Development Authority (Shurooq) has announced that Sharjah will be hosting the 12th edition of the prestigious World Forum for Foreign Direct Investment (FDI), the annual event that covers the latest news on corporate strategy concerning location requirements, people and future expansion.
Shurooq's participation in this event comes in line with the Authority's strategy to promote the rewarding investment opportunities in Sharjah and in line with the directives of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, to encourage and facilitate investment in Sharjah.
Sheikha Bodour Bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), stressed on the importance of hosting this global forum — which is considered the world's premier FDI platform — in Sharjah. She pointed out that the event's arrival in Sharjah comes as the Emirate is receiving increasing international attention, particularly by major international firms and investment authorities, as one of the GCC's most attractive markets for foreign direct investment.
Sheikha Bodour added: "By hosting the 12th edition of the World Forum for Foreign Direct Investment, we are looking forward to welcoming investors and investment authorities from across the world and familiarising them with the FDI opportunities prevalent in the emirate of Sharjah and the U.A.E.. As the forum is expected to attract wide international participation, we are confident it will contribute to boosting economic activity in the region and achieving higher levels of growth in all fields”.
The announcement follows on the Authority's participation in 11th edition which this year took place from the 16th to the 18th of June in Philadelphia, USA.
The move comes few months after the Emirate has received strong sovereign credit scores: A-class from Standard & Poor's and long term rating of A3 from Moody's, reflecting the confidence of the international credit rating agencies in the emirate's economy.
Ahmed Obaid Al Qaseer, COO of the Sharjah Investment and Development Authority (Shurooq) stated that Shurooq had made use of their participation in 2014 Forum to promote Sharjah's investment potential, with specific focus on the four key growth sectors — travel and leisure, healthcare, transport and logistics, and environmental services.
Source: The Gulf Today