Shurooq welcomes Malaysian delegation

Sharjah:22 September 2012

By:Zulfiqar Shah

Sharjah Investment and Development Authority (Shurooq) welcomed a delegation from Malaysia on the 20th of September, which included Consul General Mr Ahmad Fadil Shamsuddin, Senior Trade Commissioner (MATRADE) Mr Mohd Mustafa Abdul Aziz, Consul Investment (MIDA) Mr Sukri Abu Bakar, Protocol Officer Mr Mohammad Ali, and Dr. Zainuddin bin Ibrahim Kelantan State Secretary as well as 37 delegates from the State of Kelantan in Malaysia.

The meeting was in answer to Shurooq’s visit to Malaysia earlier the same month and aimed to discuss possible investment opportunities in the Emirate, as well as the further strengthening of economic ties between Sharjah and Malaysia.

The visit was an opportunity for Shurooq to share the considerable expertise and experience that the Authority has garnered in developing Sharjah into one of the most economically successful Emirates in the UAE with the Malaysian delegation.

The delegation was met by Elie Armaly, Director of Business Development at Shurooq, Mohammed Juma Al Musharrakh, Shurooq’s Head of Investment Promotion, and Ricardo Leduna, Director total quality management at Shurooq, who made use of the opportunity to promote Sharjah’s investment and business potential and to present the vast range of opportunities available to foreign companies in the Emirate.

Speaking on the importance of maintaining an open and progressive dialogue between Sharjah and Malaysia, Elie Armaly said, “The volume of trade exchange and investment between the UAE and Malaysia is already remarkably robust, yet, because the two countries both actively encourage investment and economic openness, there is still a great capacity to further increase these volumes and explore new and mutually beneficial avenues of cooperation. For this reason we are very pleased to be able to return the immense hospitality we received during our visit to Malaysia at the start of September, and welcome the Malaysian delegation to experience what Sharjah has to offer.”

Shurooq took the opportunity to highlight Sharjah’s dynamic business environment, stressing that the Emirate’s market oriented economy in combination with the many government incentives to industrial and business activities which makes Sharjah an ideal destination for investors. They also underlined the ultra-modern infrastructure and transport network, tax policies, skilled workforce, and political stability of the Emirate.

Shurooq was established in 2009 with the aim of achieving social, cultural, environmental and economic development on the basis of Sharjah’s distinct Arab and Islamic identity, and to encourage investment by adopting the best international standards in providing quality services that help attract investors from the region and the world.

Shurooq’s key mission is to provide facilities and incentives to help overcome obstacles facing investment activities in the emirate, evaluate investment-related infrastructure projects, and lay down the necessary plans to complete such projects.