The Ministry of Industry and Advanced Technology and the Sharjah Foreign Direct Investment Office (Invest in Sharjah) have signed a memorandum of understanding (MoU) at the 6th Sharjah Investment Forum as part of promoting investment opportunities.
The forum, held under the theme “Redefining Economies: Making Significant Strides for a Better Future,” aims to promote and attract investments from local and international investors. It further seeks to support sustainable economic growth within a supportive economic environment that provides enablers, incentives, and financial solutions to investors.
The MoU was signed by Mr. Osama Amir Fadhel, Assistant Undersecretary for the Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology, and Mr. Mohammed Juma Al Musharrkh, CEO of the Sharjah FDI Office (Invest in Sharjah), in the presence of Mr. Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and Mr. Ahmed Obaid Yousef Al Qaseer, Executive Director of the Sharjah Investment and Development Authority (Shurooq).
Mr. Omar Al Suwaidi, Undersecretary, MoIAT
“The MoU is aligned with the ministry’s commitment to strengthening local partnerships, in line with the objectives of the National Strategy for Industry and Advanced Technology, which aims to enhance the UAE’s investment environment, particularly in priority sectors through Make it in the Emirates and the National In-Country Value Program.
“The ministry supports efforts to create an appealing business environment for investors in the industrial sector in order to support the growth and competitiveness of national products, particularly in the priority and advanced technologies sectors, in accordance with Make it in the Emirates and in collaboration with federal and local government entities as well as the private sector,” Mr. Al suwaidi added.
Mr. Al Qaseer commented that “the collaboration between the Sharjah FDI Office and the Ministry of Industry and Advanced Technology represents a strategic step forward in advancing the economic growth of the UAE through investment in the industrial and advanced technology sectors.”
According to Mr. Al Musharrkh, the MoU between the Sharjah FDI Office and the MoIAT represents a strong commitment from both sides to the development of industry and investment in the UAE, as well as expanding investment horizons and enhancing the growth of sectors in industry and advanced technology.
