The Finance World Magazine| Edition: March 2023

Funding & Investment
Sharjah Investment Forum Boosts
Investment Opportunities in the Emirate
At the 6th Sharjah Investment Forum, the Ministry of Industry and Advanced
Technology (MoIAT) and the Sharjah Foreign Direct Investment Office (Invest in
Sharjah) signed a Memorandum of Understanding that aims to enhance Sharjah’s
position as a prominent hub for investment, innovation, and entrepreneurship in
the fast-growing industrial sector by leveraging the resources of both parties.
The Ministry of Industry and
Advanced Technology (MoIAT)
and the Sharjah Foreign Direct
Investment Office (Invest in Sharjah)
signed a Memorandum of Understanding at
the 6th Sharjah Investment Forum, which
was focused on “Redefining Economies:
Making Significant Strides for a Better
Future.” The objective of this agreement
is to promote investment opportunities
and encourage both domestic and foreign
businesses to invest in Sharjah.
The memorandum aims to foster
sustainable economic growth by creating
a conducive investment environment
with incentives, enablers, and financial
options, acknowledging the advantages
of collaboration in the support and
promotion of shared objectives, including
promoting a favourable economic climate
and growing trade links and commercial
possibilities. It also describes how the
two organisations will work together,
including information sharing on trade
and investment-related topics, funding
for educational events and community
outreach initiatives, support for trade
and investment missions, and details
on industry sectors of shared interest.
In the presence of H.E. Omar Al
Suwaidi, Under-Secretary of the Ministry
of Industry and Advanced Technology,
and H.E. Ahmed Obaid Yousef Al Qaseer,
Executive Director of the Sharjah
Investment and Development Authority,
the MoU was signed by H.E. Osama Amir
Fadhel, Assistant Undersecretary for
the Industrial Accelerators Sector at the
MoIAT, and H.E. Mohammed Juma Al
Musharrkh, CEO of Sharjah FDI Office.
Through collaboration and partnerships
to promote the Make It in the Emirates
programme, the MoU strengthens
cooperation between MoIAT and the Sharjah
Foreign Direct Investment, improving the
investment climate in Sharjah’s industrial
and advanced technology sector through
promoting investment possibilities and
offering incentives and enablers.
Omar Al Suwaidi, Undersecretary
of the MoIAT, said, “The memorandum
of understanding is aligned with the
ministry’s commitment to strengthening
local partnerships, in line with the
objectives of the National Strategy for
Industry and Advanced Technology, which
aims to enhance the UAE’s investment
environment, particularly in priority
sectors through Make it in the Emirates
and National In-Country Value Program.
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74 www.thefinanceworld.com March 2023