Sharjah wants to tap foreign investments for next stage of economic growth

Sharjah wants to tap foreign investments for next stage of economic growth

Dubai: For its medium-term economic growth, Sharjah will continue with the same strategy that served the emirate well during the Covid phase – attract more foreign investments. And into seven sectors likely to attract the highest degree of attention. Take the healthcare sector, as a case in point – “Owing to a growing ageing demographic, an overall rise in population and medical advances, Sharjah’s health and wellbeing sector is primed to witness a boost in foreign investments,” according to a report by Sharjah FDI. “The UAE’s status as one of the Top 10 global healthcare destinations as per Medical Tourism Index, has an added positive impact.” It ties in with the prevailing sentiment that more opportunities will open up in the UAE for super-specialty health support, both within hospitals and at-home for follow-up care. Within this, three sub-sectors - pharmaceutical production; specialised healthcare institutes including elderly care and rehab centres; and wellness and medical tourism – could serve Sharjah’s future interests well. More so, as the emirate is a ‘preferred low-cost destination for medical tourism in the region’. According to Ahmed Obaid Al Qaseer, Acting CEO of Sharjah Investment and Development Authority, “Sharjah is home to many investment opportunities in