Sharjah turns on the investment mode
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The Sharjah Investment and Development Authority (Shurooq) recently concluded the Sharjah-British Roundtable which was organised with the aim of promoting Sharjah as a leading investment destination.
The Sharjah-British roundtable is the latest in a series of initiatives undertaken by Shurooq to highlight the tourism industry and investment opportunities available in various economic sectors.
The event was attended by Sheikha Bodour bint Sultan Al Qasimi, chairperson of the Sharjah Investment and Development Authority (Shurooq); HE Edward Hobart, British consul general; HE Abdulla Al Mahyan, chairman of Sharjah Health Authority and Sharjah Healthcare City, HE Marwan bin Jassim Al Sarkal, CEO of Shurooq; Hussain Al Mahmoudi, director general of Sharjah Chamber of Commerce and Industry, and David Burns, deputy chair of the British Business Group.
Sheikha Bodour bin Sultan Al Qasimi, chairperson of Shurooq highlighted deep rooted relations that bind the UAE and UK. “Sharjah is now growing faster than ever before. We have the third largest economy in the Emirates and most diversified economy in the entire region,” she added.
Sharjah and the UK have a highly successful relationship. In 2012, the value of trade exchange between Sharjah and the UK was AED 1.1 billion. Although there has been a slight decrease in the overall trade between Sharjah and the UK – trade in 2010 was AED 1.2 bn.
Sharjah is becoming an increasingly popular tourism and leisure destination thanks to the strategy laid by His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and the close follow up of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Shurooq.
This strategy has seen a diverse range of projects across the major sectors being undertaken by Shurooq, which offer investment opportunities for local and foreign investors. In line with Sharjah’s overall strategy, Shurooq has initiated a large array of ground breaking projects such as Al Jabal Resort – The Chedi Khorfakkan, Sir Bu Nair Island, the Heart of Sharjah, Al Bait Hotel, Al Majaz Waterfront, Flag Island, the Kalba Eco-tourism project, Al Montazah Park, and Al Hisn Island – Dibba Al Hisn.
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