SHARJAH, 5th April, 2017 (WAM) -- Sharjah is sending a large trade delegation to Italy, the UAE’s third largest European trade partner, at a time when the country shows growing potential for expansion in real estate, food, fashion and innovative start-ups.
Led by Sharjah FDI Office (Invest in Sharjah), the entity responsible for intensifying the Sharjah government’s efforts to promote business and investment opportunities in key international markets, the delegation comprising multiple sectors is scheduled to arrive on 10th April for a three-day visit to meet senior officials and business figures in Italy.
The tour will include a Sharjah-Italy seminar in the Italian city of Padua (Padova) on 10th April, followed by Invest in Sharjah’s participation at the Italian Investment Showcase 2017 in Milan on 11th and 12th April, which will be attended by 100 Italian and 60 multinational companies.
Ahmed Obaid Al Qaseer, COO of Sharjah Investment and Development Authority (Shurooq), and Mohammad Al Musharrakh, Director of the Sharjah FDI Office (Invest in Sharjah), are among the high-level attendees from Sharjah speaking and meeting with Italian investors during the visit.
As of March 2017, Sharjah is home to 291 Italian companies with active licenses, who have invested in a range of commerce, including telecommunications, medical equipment, and commodities, among others.
"Invest in Sharjah is in the process of setting up a new global business strategy to seize new international opportunities available for its key industries. Italy has a vital role to play in this strategy. The main purpose of our visit is to forge strategic collaborations in existing and new markets, and further Sharjah’s and Italy’s long-lasting and fruitful economic relationship," said Mohammad Al Musharrakh.
"Invest in Sharjah’s main purpose is to function as a business relations and investment guide; a one-stop-shop for any investor who wants to familiarise themselves with brand ‘Sharjah’ and its myriad opportunities. With the trajectory of imports, exports and FDI commitments ever-growing, the UAE-Italy economic relations have never been better. There is a heightened interest among our Italian counterparts in major upcoming business opportunities in the emirate, and the three-day delegation is aimed at paving a strong collaborative way forward," he added.
The Invest in Sharjah will also hold a series of meetings on the sidelines of the Italian Investment Showcase 2017, present tailor-made investment and development opportunities in Sharjah recognised as an unmatched investment-friendly destination regionally and internationally.