Media ININ Economy We Trust
08-05-2019 Media in\ Sharjah
Sharjah Investment & Development Authority (SHAROUQ), Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah Foreign Investment Office / Invest in Sharjah will organize the fifth edition of the Sharjah Economic Council in Sharjah at the Jawahar Center for Events and Conferences in Sharjah.
The council will host a number of government representatives, ambassadors, businessmen and investors in Sharjah and the UAE to discuss a series of topics and themes related to the new session of the Council entitled “Government Legislation and its Contribution to Attracting Foreign Investment.
This edition focuses on the most important laws and legislations issued at the state level in general and at the level of the emirate in particular to promote the FDI sector and move it to advanced stages of growth, prosperity and diversity in addition to the role of this legislation in facilitating the process of attracting investments to the State and Emirate of Sharjah.
The Council also tackles the importance of enhancing the investment environment in order to promote business in all economic fields and to consolidate the position of the State and the Emirate on the map of the preferred destinations for investment at the regional and global levels.
The Council reviews the vision and strategy of the State in moving towards the promising real sectors of the economy, leading to comprehensive growth in all sectors at the level of the economy of the Principality and the State as a whole.
The Sharjah Investment and Development Authority (SHARK) said that the UAE is pursuing a legislative system that keeps abreast of the economic, investment and technological developments at the regional and global levels to maintain its competitiveness and remain at the forefront of attracting investment by possessing a strong economy that provides all elements conducive to business growth.
He pointed out that the organization of this council is an important platform for discussing the investment reality in the UAE and the Emirate of Sharjah, where he gathers a group of prominent officials, and specialists in the economic form, based on Shorouq vision of the importance of integration and cooperation between all institutions and government and private sectors.
He pointed to the factors that stimulate investment and support the business environment in the Emirate of Sharjah in terms of flexibility of investment legislation and facilitate the process of establishing the business environment and favorable regulatory environment as well as the availability of a strong infrastructure to make it a gateway to investors to global regional markets and the strong financial capacity of the emirate, which enables them to continue pumping money On development projects and infrastructure projects in facilities and vital areas.
The Chairman of the Sharjah Chamber of Commerce and Industry said that the package of government and investment related legislation is firmly established on the UAE’s map of preferred investment destinations globally. The country occupies a prominent position among the top 10 attractive destinations for foreign direct investment. This will allow international investors to fully own their projects in specific sectors in accordance with the terms specified by the law. The state has expanded its incentive packages and facilities to international investors in areas that are in line with the UAE’s vision for Which leads to attracting large international companies wishing to be present in the UAE.
He added that the legal environment and large government incentives such as freehold laws and the right of non-residents to use in some of the real estate projects in Sharjah and many other investment laws and regulations has achieved a significant presence of the emirate on the map of foreign direct investment and increased its attractiveness for investment.
The Executive Director of the Sharjah Office of Foreign Direct Investment / Investment in Sharjah pointed to the integrated efforts of the UAE and the flexible policies and legislations it organizes for investors. He noted the strategic geographical position of the state and the advanced infrastructure that provide fertile environment for business growth from ports, and a wide network of telecommunications, as well as a sophisticated banking network spread throughout the country.
He added that the Emirate of Sharjah is constantly supporting its investment environment in order to encourage existing investors to pump more investments to expand their business in the emirate and encourage new investors to take Sharjah as a platform for their business in the region.
