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Sharjah has witnessed a qualitative growth in FDI inflows in the past year, with 18 new business projects Sharjah has witnessed a qualitative growth in FDI inflows in the past year, with 18 new business projects

Sharjah Attracts AED5.97 Billion FDI in 2017

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Sharjah FDI Office, the investment promotion arm of the Sharjah government, unveiled that the emirate’s performance in attracting foreign direct investment (FDI) in various economic sectors has seen a sharp increase of 102 percent between 2016 and 2017.

Specifically, the company reported FDI inflows worth USD1.622 billion (AED5.97 billion) in 2017 as compared to USD808 million (AED920 million) in 2016.

One of the key benefits of the process of these enlarged foreign investments has been felt by the job market in Sharjah, which has reported a 174 percent growth in 2017 with the creation of 2,815 new jobs as compared to 1,025 in 2016. More than 5,000 jobs were created in 2017 from all investments that came into Sharjah, including local, regional and international businesses.

 

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