Officials of Sharjah Economic Development Department and Shams during the meeting.

Sultan Abdullah Bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department (SEDD), and Dr Khalid Omar Al Midfa, Chairman of Sharjah Media City (Shams), discussed cooperation and enhancing coordination between the two parties for the benefit of the investor.

Earlier, Al Suwaidi and several directors and advisors received Dr. Al Midfa and his delegation at the SEDD headquarters.

The SEDD Chairman welcomed the delegation and expressed his gratitude at the visit and its role in strengthening relations and accelerating development. He added that developing Sharjah’s economy is one of the department’s main tasks to achieve its vision for a diversified, competitive and innovative knowledge-based economy based on a strategic plan for designing and leading comprehensive economic development in the emirate.

The two sides also discussed many common issues in the public interest and exchanged ideas on some procedures followed. SEDD explained the structure and work strategy followed in common areas and the latest technologies and solutions it used. Likewise, the two parties discussed mechanisms and ways to enhance cooperation to serve all sectors in Sharjah.

The SEDD Chairman stressed that such visits and meetings are important to enhance cooperation and exchange the vision between various government agencies in the emirate. The two parties discussed the attractive investment climate in the country and in Sharjah and the incentives and benefits provided.

The delegation expressed its gratitude and thanks to SEDD for their hospitality. They affirmed their keenness to enhance cooperation and coordination with SEDD to contribute to the development of mutual work system to find outputs that serve all parties and improve the levels of service provided to investors. This contributes to the country’s orientation towards establishing a solid economy characterised by knowledge and sustainability, supports attracting foreign investments in all sectors, and enhances the country’s competitiveness at the global level.

Later, the two parties stressed the importance of enhancing future cooperation in line with the government service standards that the local and federal governments aspire to. Also, they pointed to the importance of holding such meetings in the future due to their role in accelerating development processes and enhancing the investment movement in Sharjah.

Meanwhile at a recently held business networking event, titled ‘Discover a World of Investment Opportunities in Sharjah’ organised by the Sharjah FDI Office (Invest in Sharjah), as part of its participation in Expo 2020 Dubai, regional and global investors have capitalised on insightful information on new and emerging business prospects in manufacturing, creative industries, technology, and other key sectors.

Continuing steadfastly on its strategic mission to build on its robustly diverse economy, whose non-oil sectors account for a whopping 96 per cent of its annual gross domestic product (GDP), leading officials representing Sharjah’s government departments and free zones convened to speak about the myriad opportunities investors can explore while being supported by the emirate’s economic resilience and stable business environment, consistent market growth, and other competitive advantages.

Al Mahmoudi welcomes innovators to the fastest-growing tech park in the world, SRTIP. Urging the attendees to visit the world-class free zone, Hussain Al Mahmoudi, CEO of the Sharjah Research, Technology and Innovation Park (SRTIP), said: “Today’s event is an amazing opportunity to connect with the world. SRTIP is home to a world-class innovation ecosystem, which provides an amazing environment to entrepreneurs, tech companies, and innovation-related companies to establish themselves and grow”.

“We pride ourselves in being the world’s fastest-growing technology park with one of the biggest transport and logistics innovation centre; one of the biggest additive manufacturing facilities in the region; and host several technologies developed in augmented reality, virtual realities, agriculture and 3D printing. Additionally, our free zone is surrounded by 22 top quality educational institutions that boast 47,000 students and dozens of PhD holders, which fulfils human capital needs of any business without having to outsource or fly in talent from other nations”, he added.