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Al Musharrkh: UAE is keen to update economic legislations

April 24, 2021 / 5:57 PM
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Sharjah 24: Mohammad Juma Al Musharrkh, CEO of the Sharjah Foreign Direct Investment Office (Invest in Sharjah) stressed the UAE's keenness to update economic legislation in order to reduce the burden on businessmen and investors, and to keep pace with the strong growth in the economy. This came on the sidelines of the activities of the seventh edition of Sharjah Economic Ramadan Majlis 2021.
Held at Sharjah Research Technology and Innovation Park (SRTIP) under the title, 'The role of the New Industrial Strategy and Commercial Companies Law in developing the national economy and enhancing its competitiveness,' the Majlis convened senior government officials, diplomats, investors, prominent business leaders, and media representatives.

In an exclusive statement to “Sharjah 24”, the CEO of Invest in Sharjah stated that the UAE keenly amends and updates economic legislations to accommodate the changing needs of global investors and lighten the burden on business owners and entrepreneurs, in order to promote strong economic growth and boost the local economy’s competitiveness.

“This has been proved by our leadership, who have continuously amended legislations and issued new ones to encourage foreign investments in the post-pandemic era, which has resulted in an impressive FDI flow in the past year and created a stable market environment by boosting investor confidence,” CEO of Invest in Sharjah concluded.













 
April 24, 2021 / 5:57 PM

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