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Business leaders in Sharjah discuss leveraging investment opportunities
Sharjah-Arab Business event to explore the chances of uplifting pan-Arab collaboration
April 20, 2017: In the recent meeting of Sharjah-Arab Business Roundtable, various business leaders of the region came together to discuss how to enhance investments in the major economic sectors that comprises of commerce, real estate, and healthcare. The business event promoting Invest in Sharjah, was presented by Sharjah’s Foreign Direct Investment (FDI) Office with the Jordan Business Council.
The meeting was attended by consuls general and more than 100 stakeholders. It was a massive step in accentuating Sharjah’s value in Middle East finance and business sectors. They not only discussed investment opportunities and accessed the probable lucrative areas for business growth, but also conversed about enhancing the pan-Arab collaboration and the investment opportunities.
Muneer Al Kaloti, the Chairman of Al Kaloti Group, addressed the audience in the event and had put forth his opinion about the prospects in Sharjah for import and export companies. Munner said, “Seventy four per cent of jewellery trade in the world is conducted from the UAE, and Sharjah is a key player and driver in the growth of this sector. The UAE is one of the leading countries in the precious metals and jewellery sectors, and Sharjah is playing a big part in this lead.”
Dr Abdul Aziz Al Muhairi, director of Sharjah Health Authority, another valued speaker at the event, said that the emirate’s health care sector was worth approximately $2 billion in 2016.
He opined that the UAE’s healthcare sector is a forecast of 7 percent annual growth by 2020. He was specific about the forthcoming Sharjah Healthcare City, which he considers to be the region’s largest healthcare free zones.
Humaid Al Abbar, the Consultant of Sharjah Real Estate Registration Department, highlighted that the total market size for doing business in land in Sharjah for the year 2016 was Dh24 billion. Talking about why Sharjah is the first choice for Arabs, he said, “Arab investors are always looking for easy regulations and strong market penetration, which is why Sharjah has always been a primary choice for Arabs investing in the UAE. Investor confidence in the emirate is very high because of this.”
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