Shurooq promotes Sharjah’s business potential in Kuala Lumpur

Sharjah: The Sharjah Investment and Development Authority’s (Shurooq) delegation has commenced a weeklong tour of the Malaysian capital of Kuala Lumpur. Shurooq aims to promote the business potential and investment attractions in the emirate of Sharjah.

Led by Shurooq chief executive Marwan bin Jassim Al Sarkal and including Elie Armaly, director of business development at Shurooq, and Mohammed Juma Al Musharrakh, head of investment promotion at Shurooq, the delegation met with a number of government and private economic and investment bodies in Malaysia.

Al Sarkal said at the sideline of the meetings that Shurooq’s ambitious strategy is to encourage and attract corporate and individual investors from around the world, as well as to boost Sharjah’s prominence on the global economic map.

He pointed out that the UAE is classified as one of the major trade partners for Malaysia in the GCC, citing that the volume of trade exchange between the UAE and Malaysia stood at Dhs24.42 billion last year, while the total of the trade exchange between Malaysia and the GCC countries stood at Dhs50.76 billion in corresponding period. The volume of exchange of the investments between the UAE and Malaysia registered US$95 billion (Dhs349 billion) at the end of 2011.