Ahmed Saif bin Saad Al Suwaidi affirmed that the value of foreign capital reached AED 3.23 billion based on the data from the economic department, with a growth rate of 30% compared to 2022. The number of foreign ownership licenses amounted to 8,612.
He further stated to "Sharjah 24" that the nationalities of foreign investors are diverse, with India ranking first, followed by Pakistan, Syrian companies, and Egyptian companies. He considered that there are many factors that contributed to this success in the Emirate of Sharjah, including legislations and laws that have been issued in recent years, especially the Partnership Law, which played a vital role in attracting and facilitating the flow of foreign investments in various sectors in Sharjah.
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