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By APD writer Muhammad Sohail
The 5th Sharjah Foreign Direct Investment (FDI) Forum has been officially started Monday in Sharjah under the theme Future Trends in Foreign Direct Investment.
The event was inaugurated by Shaikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah with 1,500 participants and 54 speakers including senior government officials, top economists, finance and business leaders.
The Forum consists of 12 sessions, eight-panel discussions, four special sessions, five workshops and a special round table.
On the occasion, Sultan bin Saeed Al Mansouri, the United Arab Emirates (UAE) Minister of Economy said Sharjah FDI Forum played an important role in developing investment concepts and discussing issues that nurtures and enhances the business climate in the Emirate of Sharjah and the UAE.
Al Mansouri said that the world witnessed a slide in FDI inflows for the third consecutive year in 2018, but the UAE achieved a healthy increase in the cumulative foreign direct investment.
“The Asian continent ranked first in injecting direct investments in the UAE, followed by Europe, North America and Africa while the country took the second top spot globally in signing international bilateral investment agreements and came third globally in new FDI projects announcements,” said Al Mansouri.
The minister added that the UAE has been formulating strategies that strengthen its position as a leading country in attracting investment that aids its development plans based on innovation, knowledge, technology and the digital economy.
(ASIA PACIFIC DAILY)
