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Wednesday, 28 September 2016

Sharjah launches bid for 30% increase in foreign direct investment | The National

Sharjah launches bid for 30% increase in foreign direct investment | The National:

"Sharjah launched its bid for an increase of 30 per cent in foreign direct investment on Wednesday.

Home to a third of the UAE’s manufacturing capacity, with GDP growing by 8 per cent in 2015, the emirate is looking to show off its unique logistical pre-eminence in the UAE with ports sitting on both coasts. It believes its maritime expertise, coupled with its international airport and a growing population of 1.2 million means it has many attractions to FDI.


"We have focused and specific targets," said Mohammed Juma Al Musharrakh, the deputy director of Sharjah FDI at Shurooq said at the Sharjah FDI Forum on Wednesday. "We are targeting the UK after its Brexit decision along with India, the US and China. The sectors we are focused on are tourism, renewable energy, health care and logistics. We have the Government of Sharjah behind the new initiative with a new free zone, the only one in the UAE just for publishing.""



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