Shurooq promotes investment opportunities in Sharjah for GCC investors

May 29, 2014 9:14 am

The Sharjah Investment and Development Authority (Shurooq) is participating in the 15th GCC Joint Exhibition, currently being held at the Expo Centre Sharjah, with the participation of economic organisations from the Gulf region.

Running until 30 May, the exhibition represents an opportunity for GCC business industry leaders to promote investment opportunities in the GCC countries and explore avenues of business cooperation among corporate and individual investors from the GCC countries.

Ahmed Obaid Al Qaseer, COO of the Sharjah Investment and Development Authority (Shurooq), said that Shurooq is promoting the vast investment opportunities in vibrant and fast growing sectors in the emirate of Sharjah, including travel and tourism, healthcare, transport and logistics and environment, affirming that investment in these four sectors entails exclusive privileges to GCC investors to give them the opportunity to benefit from the phenomenal growth in Sharjah.

Al Qaseer added: “We are seeking to make use of attendance from different investors and businessmen to promote projects launched by Shurooq with the aim to give a further boost to the already thriving tourism sector in the emirate, including Kalba Eco-Tourism project, the Al Jabal Resort -The Chedi Khorfakkan and Sir Bu Nair Island among more projects which will contribute to stimulating local economy and enhance investment climate which is supported by a great deal of facilities offered by the emirate of Sharjah to companies and businessmen”.

Shurooq held a series of meetings with a group of businessmen and representatives of the participating investment entities. The authority took part in the GCC Businessmen Forum which was held under the title “Deepening the GCC Economic Integration”, in presence of senior officials, businessmen and investors from the UAE and the GCC countries.

The 15th GCC Joint Exhibition offers an ideal platform for key professionals and business leaders from across the six Gulf nations to meet, network, share expertise and ideas and to benefit from the leading think tank of the Gulf business industry. This year, the exhibition coincides with the 32nd anniversary of Gulf Cooperation Council.

Sharjah is an ideal hub for investment in the Middle East thanks to its unrivalled strategic location, its direct access to the Arabian Gulf and the Indian Ocean, its state-of-the-art facilities and sophisticated logistics infrastructure, and its incentive and flexible legislative structure, as well as its investor friendly environment. The Emirate has attractive offerings in culture, art and higher education sectors and was selected as the Islamic Culture Capital for 2014 and Capital of Arab Tourism in 2015.

Established in 2009, Shurooq strives to encourage investment in the emirate of 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.