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 BUSINESS LEADERS FROM SHARJAH, CANADA DISCUSS INVESTMENT OPPORTUNITIES

2016/02/24

​Business leaders from Sharjah and Canada held a roundtable session on 23rd February to discuss key areas of investment and growth in the emirate.

 Organized by the Sharjah Investment and Development Authority (Shurooq) in collaboration with the Canadian Business Councils in Dubai and Abu Dhabi, officials from the emirate presented specific emerging industries to Canada's representatives. These include tourism and hospitality, non-oil export trade, transportation, construction, real estate, and health care, among others.

 At the roundtable, Canada was represented by HE Emmanuel Kamarianakis, Consul General of Canada to Dubai while HE Marwan bin Jassim Al Sarkal, CEO of Shurooq led the Sharjah delegation.

 Sharjah Airport International Free Zone (SAIF ZONE) was a key participant at this event and Raed Bukhatir, Deputy Director of Business Development, represented the Free Zone.

 Shurooq's decision to organize this roundtable is in recognition of the growing role Canada is playing in its bilateral relations with the UAE and Sharjah. The UAE's investments in Canada reached $30 billion (Dh110 billion), with $2 billion in Canadian exports to the UAE.

 According to HE Marwan bin Jassim Al Sarkal, "Sharjah is currently enjoying one of the best economic performances regionally, thanks to its expanding tourism and hospitality sector, as well as the non-oil export trade. The transportation trade is booming and an expanding population has meant rapid growth in construction, real estate and health sectors in the emirate. Over the years, Shurooq has developed a strong portfolio of agricultural products, real estate, tourism, SME's, retail, aviation, trade, art and culture, automotive, clothing and steel and manufacturing markets."

 Presenting the investment opportunities in SAIF ZONE, Raed Bukhatir pointed out that since its inception in 1995, the Free Zone has grown exponentially and now houses 7,000 companies from 150 nations. Across the globe. "We provide clients with infrastructure to do their work, provide licenses; offices and other essential requirements to kick start their business. We believe in an open door policy which

makes it easier for our investors and clients to meet with us and discuss issues at any time."

 Emphasizing on the cost effectiveness of doing business at SAIF Zone along with its trade incentives and unparalleled benefits, he also drew attention to the Free Zone's 'One Window' concept which provides all administrative services under one roof. Companies at the Free Zone are engaged in a host of activities such as manufacturing, trading and services for which industrial, commercial and export licenses are granted, he added.