Sharjah is full of FDI opportunities in the mobility and logistics sector
Stunning views of Sharjah, a key destination for visitors and investors.
Inayat-Ur-Rahman, Enterprise Editor
Strategically located at the intersection of East and West, and with a coastline on the Persian Gulf and the Gulf of Oman, Sharjah has been a preferred gateway to the region for those looking for shortest access from the Far East and South Asia, Australia. and Africa. The emirate is brimming with FDI opportunities in the mobility and logistics sector, especially after receiving a legislative boost of 43% of its 2021 annual budget earmarked for developing and improving its infrastructure , including roads.
The recent report highlighted smart mobility solutions including Hyperloop technologies, electric mobility and charging infrastructure; Freight automation through the adoption of emerging technologies such as AI, robotics; and cold chain facilities that extend the shelf life of agricultural produce and other perishables, will have the highest returns on investment, with UAE growth projections exceeding US$30 billion (AED110 billion) d 2025.
The report projects that investment in Sharjah’s culture, media and tourism sectors will reach US$20.3 billion (Dhs. 74.5 billion) by 2027, as the emirate transforms into a destination for choice for global travelers with multi-billion dollar development projects as well as government support. These projections also take into account the findings of the report on the number of hotel guests hosted by the emirate in 2019, which increased by 5% compared to the previous year. Total revenue of US$157 million (Dhs 573 million) was generated from hotel occupancies in 2019, and the sector’s recovery from Covid-19 was also swift.
The report also pointed out that the emirate’s stunning natural diversity has captured the imagination of filmmakers and commercial producers around the world. Sharjah’s biodiversity and rich local heritage have created unique investment opportunities in ecotourism and adventure tourism in regions and cities across the emirate, the report further states.
Additionally, the world-class business and cultural events held in the emirate throughout the year are key factors in attracting tourists, which provides great investment opportunities.
The IIS-PwC Middle East report noted that the UAE agricultural products market reached 626 million (2.3 billion Dhs) in 2019 with a CAGR of 9.8% of agricultural products revenue, Sharjah is expected to be a major contributor to the UAE’s $1.1 billion. agricultural market planned for 2024.
The report states that the east coast of Sharjah offers many investment opportunities to establish aquaculture and seaweed farming facilities, in addition to aeroponics, aquaponics, hydroponics, vertical urban agriculture and plant genomics. The report also highlighted opportunities in food processing and packaging, particularly with the availability of free and industrial zones across the emirate, and Sharjah’s strategic location to facilitate exports to neighboring markets. and international.
The report also revealed that Sharjah’s potential for green technology investment is one of the highest in the region, with achievements such as earning the title of the Middle East’s first ‘zero landfill city’. Orient, as well as a solar park and energy recovery from waste. Bee’ah plant, which supplies nearly 67,000 homes.
Accounting for 19% of the GCC’s solid waste generation, the UAE holds a myriad of investment opportunities in the clean energy sector. Furthermore, the UAE solar power market growth forecast between 2022 and 2025 is 15%.
According to the report, investment opportunities in the sector include waste recycling and waste-to-energy systems; Clean energy generation and storage to take advantage of alternative renewable energy sources including solar, hydrogen and biofuels; and smart buildings and green construction.
With an annual investment of $1.5 billion (Dhs 5.5 billion) in education and research, Sharjah boasts a talent-rich ecosystem of world-class universities and premier innovation hubs. plan. The Invest in Sharjah FDI Trends Report also indicates that opportunities abound for specialist professional academies and future development and innovation labs striving to find cost-effective solutions to complex global challenges.
With an annual growth forecast of 5% in the UAE education sector through 2024, several investment opportunities are emerging in learning and childcare specialties alongside the expansion of nurseries and K-12 offers in Sharjah.
In the area of advanced manufacturing, the report revealed that the additive manufacturing sector in the UAE is expected to reach $599 million (2.2 billion Dhs) by 2025.
Sharjah, home to over 35% of UAE’s manufacturing industries, also aims to maximize efficiencies through automation of manufacturing operations using advanced technologies such as IoT, robotics, drones and others, in addition to developing 3D printing capabilities for manufacturing spare parts and components for industries, enabling these projects to tap into the growing GCC market estimated at $10.3 billion (37 8 billion Dhs) by 2023.