Shurooq and Invest in Sharjah Press Quotes on the occasion of UNCTAD’s global FDI classification report which ranked UAE 27th nation to attract FDI in 2018.
HE Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq
The UAE has become an obvious choice for foreign investors across sectors.
The fact that our economic diversification efforts are the best in the region and are setting a global example, has been reinforced by the United Nations Conference on Trade and Development’s World Investment Report 2019. Despite a consecutive third year annual decline in global FDI percentages, the UAE’s numbers continue to be strong, which is a solid reflection of investor confidence in our great nation.
The UAE and Sharjah have established a great balance in matching internal market requirements with investor expectations. We have introduced laws and regulations to support and protect foreign investors, kept competition healthy, introduced free zones to offer a level playing field to smaller businesses, readily involved ourselves with seemingly ‘higher-risk’ enterprises like start-ups and venture capitalists, and really embraced technology in doing business. This has ensured our economy’s chief goals of innovation and sustainability have been met, always.
All these qualities and more contribute to growing the UAE’s importance as a key regional investment hub. As the UAE continues strategic efforts to improve global ratings to be among the top choices for foreign investors in coming years, the, UNCTAD Report has come at an opportune time. This is a proud moment for our leadership.
Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah
It is a matter of great pride that the UAE has been ranked 27th globally in attracting FDI flows in 2018, by the United Nations Conference on Trade and Development’s World Investment Report 2019 – three positions up from 2017.
Sharjah is proud of its role in this great achievement. The emirate had already achieved USD 1.6bn in FDI in 2017, with the total number of SMEs reaching more than 55,200. Forecasts on our economy continue to provide a positive outlook, with a total of 2.8 percent growth in GDP projected for Sharjah in 2020.
Sharjah’s business environment has never been so attractive and easy to navigate. With access to more than more than a third of the world’s entire population, Sharjah is a true gateway to consumers for global businesses.