Shurooq solidifies business ties with China
The Sharjah Investment and Development Authority (Shurooq) recently welcomed a business delegation from China at its headquarters in Al Qasba. The Chinese delegation’s meeting with Shurooq formed part of a visit to the UAE aimed at doing market research into investment and business opportunities in the Emirates.
The delegation was received by Elie Armaly, Director of Business Development at Shurooq, and Yonghui MA, Investment Promotion Executive at Shurooq, and included Xiaosong Yang, Executive Vice Chairman of Liaoning Province Federation of Industry and Commerce, De Wei, Executive Vice President of the International Chamber of Commerce Liaoning Province Federation of Industry and Commerce, Zheran Wang, Executive Vice President of the International Chamber of Commerce Liaoning Province Federation of Industry and Commerce.
Speaking about the visit Elie Armaly said: “China is one of our most important trade and investment partners and bilateral trade between China and Sharjah has grown rapidly in recent years. In the first half of 2013, combined imports and exports, between Sharjah and China grew by more than 14 per cent to Dh78.6 billion, after registering close to 40 per cent year-on-year growth over 2012, Bilateral trade between China and Sharjah jumped more than 18 per cent, up from Dh3.3 billion in 2010 to more than Dh3.9 billion in 2012. We were delighted with the opportunity to welcome our Chinese business counterparts and showcase Sharjah’s considerable investment offering.”
During the visit Armaly delivered a presentation giving an overview of the investment opportunities in Sharjah, with a specific focus on the four investment sector that have been identified as key areas of potential growth, namely leisure and tourism, healthcare, transport and logistics, and environmental services. Elie Armaly stressed that the visit was an excellent opportunity to network with key players in the Chinese business community and explore new collaborations, joint ventures, and increased cooperation.
The presentation and visit the Authority’s headquarters were followed by a tour of Shurooq’s landmark Heart of Sharjah project, during which the delegation expressed their admiration for the scope and depth of the project and commended Shurooq on its efforts to create and facilitate exceptional investment opportunities in Sharjah.
Established in 2009, Shurooq strives to encourage investment in Sharjah by adopting the best international standards in providing quality services that help attract investors from the region and the world.
Shurooq’s key mission is to provide facilities and incentives to help overcome obstacles facing investment activities in the Emirate, evaluate tourism and investment related infrastructure projects, and lay down the necessary plans to complete such projects.
In recognition of its overall accomplishments, Shurooq was named The Banking Awards 2013 – FDI Agency of the Year in the MENA region, in The European’s Global Banking and Finance Awards.
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