Sharjah confirms date for fifth foreign investment forum

Sharjah FDI Forum to be held in November as emirate benefits from rising foreign direct investment
Sharjah confirms date for fifth foreign investment forum
By Sam Bridge
Sat 13 Jul 2019 09:52 AM

The Sharjah FDI Office has confirmed dates of the fifth edition of its annual flagship event – the Sharjah FDI Forum – as November 11-12.

Held under the patronage of Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, the event will be hosted at Sharjah’s Al Jawaher Reception and Convention Centre (JRCC).

Sharjah’s efforts to diversify its economy and attract foreign direct investment are bearing fruit, with AED5.97 billion ($1.63 billion) in FDI being attracted in 2017, according to a study from Oxford Business Group.

The UAE Government’s new foreign direct investment (FDI) law could accelerate FDI flows by up to 20 percent this year, according to the Ministry of Economy. 

The forum will bring together top financial experts and business leaders to discuss an array of topics encompassing the realities of regional and global investments within the context of fast-changing commercial and geopolitical developments, a statement said.

Discussions will explore existing and emerging opportunities in major FDI sectors in the UAE and the region, look at variations of protectionism adopted by economies, and shed light on the ever-increasing role of technological advances in determining the inflow/outflow of foreign direct investments.

The fifth edition of the event is expected to host 1,000 leading regional and global names from a multitude of industries, who will be deliberating on the future of FDI behaviour worldwide.

Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah, said the Sharjah FDI Forum 2019 will lay particular emphasis on new technologies, solutions and inventions, which will open new opportunities for investors.

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