Sharjah FDI Office, known as Invest in Sharjah, actively participated in the Belt and Road Summit held in Hong Kong from September 13th to 14th, 2023. The delegation representing Invest in Sharjah included Ahmed Obaid Al Qaseer, CEO of Sharjah Investment and Development Authority (Shurooq); Marwan Saleh Alichla, Director of Investment Promotion & Support at Invest in Sharjah; Elie Armaly, Director of Business Development at Shurooq; and Fatima Al Shamsi, Investment Promotion Coordinator at Invest in Sharjah.
At the summit, Invest in Sharjah showcased the vibrant investment climate of the emirate, highlighting emerging sectors that shape Sharjah’s diverse economy. The delegation aimed to attract investors by presenting a wide range of new opportunities across various fields of interest.
During the summit, Invest in Sharjah officials emphasized Sharjah’s focus on vital sectors such as health, education, technology, agriculture, industry, tourism, culture, research, and innovation. They showcased the new developments and advancements in these sectors that contribute to Sharjah’s comprehensive sustainable development.
Sharjah is already home to 1,225 Chinese companies, including 245 in its free zones, and the trade volume between the two sides has surpassed AED 47 million, with AED 15.1 million between Hong Kong and Sharjah.
As part of the official UAE delegation led by Abdullah bin Touq Al Marri, Minister of Economy, Invest in Sharjah held meetings with John C. Lee, the CEO of the Hong Kong Special Administrative Region of the People’s Republic of China. The discussions aimed to explore opportunities for enhancing mutual economic relations in areas such as the new economy, trade, investment, technology, and small and medium-sized projects.
In addition, Invest in Sharjah participated in the Ministry of Economy’s visit to the Hong Kong Science and Technology Park (HKSTP), engaging in discussions with senior officials and technology experts to explore cooperation in technological investments and innovation sectors. The delegation also met with Li Qinwu, Secretary-General of the Guangdong Foreign Economic Cooperation Association, to explore trade and investment opportunities between Sharjah and the key industrial province in southern China.
Furthermore, Invest in Sharjah took part in the Ministry’s visit to Cyberport, where discussions focused on managing and financing digital assets, insurance services, health insurance, and electronic games.
Ahmed Obaid Al Qaseer, CEO of Shurooq, participated in a session titled “Middle East Market Expectations” at the Belt and Road Summit. He explored trade, investment, and collaboration opportunities offered by the Belt and Road Initiative (BRI) to countries along the belt and emerging markets in the region. Al Qaseer also shared insights on Sharjah’s success in establishing itself as a model of sustainable development, emphasizing the balance between economic growth and community development.
Elie Armaly, Director of Business Development at Shurooq, delivered a presentation on food security and sustainability. He highlighted that aquaculture is a fundamental part of the UAE’s National Strategy for Food Security. Armaly emphasized Shurooq’s efforts to develop inclusive commercial-scale aquaculture in Sharjah through a 60,000 sqm project in Kalba, achieved through in-depth study, planning, and strategic partnerships.
Marwan Saleh Alichla, Director of Investment Promotion and Support at Invest in Sharjah, expressed Sharjah’s commitment to cooperation with BRI partners and beyond. He emphasized how Sharjah’s strategic position and global initiatives have contributed significantly to enhancing investment opportunities, economic exchange, knowledge transfer, and international partnerships across various industries. This commitment reinforces Sharjah’s dedication to fostering cooperation, opening doors to new opportunities, and expanding market access.
The Belt and Road Summit, organized annually by the Hong Kong Trade Development Council (HKTDC) and supported by the Government of the Hong Kong Special Administrative Region, serves as a crucial international platform for strengthening cooperation and partnerships among BRI partners. With over 20,000 participants, the summit features more than 280 investment projects across diverse sectors, including infrastructure, energy, technology, and financial services. The event facilitates over 800 investor-entrepreneur meetings and showcases over 60 exhibitors, with the support of more than 250 partners and sponsors who share the vision of the Belt and Road Initiative in shaping a brighter future for all.