The Sharjah Investment and Development Authority (Shurooq) recently welcomed a delegation from Invest Hong Kong (InvestHK), the department to promote foreign direct investment for the Hong Kong SAR (Special Administrative Region) government.
The visit aimed at exploring ways in which to activate an MoU (Memorandum of Understanding) signed between Shurooq and Invest Hong Kong in 2013, under the terms of which both parties had agreed to forge a strategic investment partnership to increase foreign investment and business activities in their respective regions.
The delegation, led by Charles Ng, associate director-general of Investment Promotion, Invest Hong Kong, The Government of the Hong Kong SAR, and including Enoch Fung, head of Market Development (Monetary Management), Hong Kong Monetary Authority, Hong Kong SAR and Carrie Chan, consultant, Invest Hong Kong in Mena Region, was welcomed by Marwan bin Jaasim Al Sarkal, CEO of the Sharjah Investment and Development Auhtority (Shurooq), as well as Ahmad Obaid Al Qaseer, COO of Shurooq, Elie Armaly, Shurooq director of Business Development, Thomas Joseph, senior investment promotion executive, Shurooq, and Shurooq investment promotion executives Marwan Alichla and Diana Yonghui Ma, in addition to representatives from various government entities such as; Sharjah Chamber of Commerce and Industry, Sharjah Hamriya Freezone, Sharjah Airport International Freezone and Sharjah Healthcare City.
Commenting on the visit, Shurooq CEO, Marwan Al Sarkal said: “We are extremely pleased to once again welcome our counterparts from InvestHK to Sharjah as we take this next step in activating our partnership. There is immense potential for mutually beneficial cooperation between investors and organisations in Sharjah and Hong Kong and the meeting was an ideal opportunity to discuss a number of possible joint ventures and investment opportunities, as well as to familiarise the delegation from Hong Kong with the most viable growth sectors in Sharjah.”
Al Sarkal went on to emphasise that the meeting also served as a springboard to facilitate increased communication and networking opportunities between the business communities in Sharjah and Hong Kong, remarking that the two destinations were ideally suited to do business with each other.
Under the terms of the MoU Shurooq and InvestHK have undertaken to share experience in promoting and attracting foreign investment as well as to facilitate company referrals, with the aim of increasing business activity in Sharjah, the UAE, and in Hong Kong. The MoU furthermore aims to support inward investments referred by the partner agency with the set-up or expansion of their businesses.
