The Sharjah Investment and Development Authority (Shurooq) has held the second coordination meeting for the upcoming ‘Sharjah Roadshow in the USA’. Scheduled to take place from 30th of September to the 4th of October, the road show will see over 20 entities and organisations from the Emirate’s public and private sector participating with the aim to promote Sharjah’s investment, business, and cultural offerings.
The meeting was held at Multaqa Al Qasba, during which participants reviewed the road show’s various programmes to take place in Washington DC and New York. Participants were informed about the latest developments in the programme as well as about the direct investment and business meetings scheduled for each participant. In addition to group meetings, and bilateral meetings were scheduled to enable each department, authority, or company from a particular sector conduct a meeting with its US counterpart.
Organised by “Shurooq” under the slogan ‘Sharjah – Promising Opportunities, Global Horizons the Sharjah Roadshow in the USA’ is in line with its approach to open up new investment channels and highlight the huge infrastructure and attractions offered by Sharjah’s various investment sectors. The move aims to promote the government’s directive to offer all necessary facilities and incentives, provide strong yet flexible legislative framework to meet investment requirements, and develop a solid, safe and investor friendly environment in the emirate of Sharjah.
“We have excellent relations with the USA and already cooperate in a number of areas. US firms and authorities have maintained an active presence in Sharjah over a long period of time. During this road show, we will introduce Sharjah even more widely and promote its latest investment opportunities. We will seek to renew communication channels with the influential investment players and expand cooperation in various fields to ensure larger and more fruitful cooperation in the short and long term,” Marwan bin Jassim Al Sarkal, CEO of Sharjah Investment and Development Authority (Shurooq), said.
“When we speak about conducting Sharjah’s largest road show to the USA, this super economic power and leading country of business and entrepreneurship, we are well aware of what are we going to do. We have infrastructure that enables us to expand our horizons – Sharjah enjoys a thriving economic growth and is highly ranked in terms of economic competitiveness. The Emirate is ready to offer opportunities to investors and has a diverse and resilient economic climate that is able to regenerate its sectors and to withstand the usual economic fluctuations.”
“Sharjah’s economy saw vibrant activity from 2005 to 2012, increasing from AED40.227 billion to AED88.689. It is expected to exceed the AED100 billion mark by end of 2013, and reach AED113 billion by end of 2014. This dynamic economic performance is supporting more than 45000 small and medium enterprises. Therefore, we are well-positioned, and confident of our competitiveness and ability to attract investors,” Al Sarkal, added.
During the meeting, participants were briefed about the institutions and corporations the delegation will meet in the USA. The list included high profile and renowned organisations in business, finance, banking, trading and investment sectors, as “Shurooq” is keen to promote the untapped opportunities available in each economic sector in the Emirate.
The list includes the US Chamber of Commerce and Industry, the Arab American Chamber of Commerce, and the U.S UAE Business Council, with all three of these organisations having corporate and individual members. Other entities include the US Export Assistance Center (USEAC), the Multilateral Investment Guarantee Agency (MIGA), Import and Export Bank, Business Council for International Understanding (BCIU), as well as a group of companies and businessmen in the USA.