Sharjah team off to China to woo investments from East

The Sharjah FDI Office (Invest in Sharjah) is targeting events in two of China's fastest-developing cities in a bid to increase the UAE's business opportunities with the Far East.

The organisation will be exhibiting at the 2017 World Forum for Foreign Direct Investment, which will take place in Shanghai from May 23-24, and then at the China Offshore Summit, which will held in Shenzhen on May 24-25.

Invest in Sharjah's participation at the events in China is aimed at strengthening the office's existing relationships and facilitating the forging of new alliances with prospective business partners.

Marwan Al Sarkal, CEO of Shurooq, described the forums in both Shanghai and Shenzhen as being crucial opportunities to raise awareness and continue investment momentum for the UAE, with estimates for 2016 bilateral trade with China as high as $60 billion.

"As a nation, we have excellent relations with China... as an emirate, Sharjah plays a leading role in encouraging and facilitating that investment, being one of the most strategically placed commercial centres in the region," said Al Sarkal.

Invest in Sharjah will be promoting the emirate as the perfect hub between East and West and a natural partner for eastern investment and commerce. The office will have a booth at both events to showcase the opportunities offered by its diverse and rapidly growing economy, particularly in sectors identified as the emirate's main areas of growth; logistics services, healthcare, the environment and leisure and tourism.

Source: Khaleej Times