His Highness Sheikh Sultan Al Qasimi opens Sharjah FDI Forum 2018 … reports Asian Lite News.
The fourth edition of the region’s leading FDI event, the Sharjah FDI Forum started on Monday (December 10), with optimistic comments by the UAE Minister of Economy and the Shurooq Executive Chairman about the nation’s readiness to promote foreign direct investments (FDIs) as an enabler of sustainable development, despite the slump experienced globally – especially in developed economies – in 2017.
The two-day event titled ‘Shaping the Future of Economies’, got underway at Sharjah’s Al Jawaher Reception and Convention Centre (JRCC) in the presence of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member Ruler of Sharjah.
UAE Ranks First in FDI in the Arab Region
The forum opened with comments from HE Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, who shed light on how the new UAE Investment law has come into force to consolidate the nation’s position for FDI both regionally and globally, in line with the UAE Vision 2021 and the UN Sustainable Development Goals 2030. Global flows of foreign direct investment (FDI) fell by 16% in 2017 to an estimated US$1.52 trillion, from a revised US$1.81 trillion in 2016, according to the latest World Investment Report.
