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Doing Business in Uae Showcasing Sharjah Strait of Hormuz DOING BUSINESS IN UAE SHOWCASING SHARJAH STRAIT OF HORMUZ OMAN RAS AL ARABIAN GULF KHAIMAH DIBBA AL HISN UMM AL FUJAIRAH ARABIAN QUWAIN SEA AJMAN KHORFAKKAN SIR BU NUAIR ISLAND SHARJAH FUJAIRAH RAS AL KHAIMAH KALBA DUBAI Located in the southeast end of the Arabian Peninsula on the Arabian Gulf, ABU DHABI bordering Oman to the east and Saudi OMAN Arabia to the south UNITED ARAB EMIRATES SHARJAH TODAY 1.5 million Population (2018) 2 2,590 km in size Borders all 6 Emirates and Oman 128 km of Coastline 3 Seaports on Arabian Gulf and Arabian Sea 1 International Airport SHARJAH INVESTMENT AND DEVELOPMENT AUTHORITY (SHUROOQ) SHUROOQ’S OBJECTIVES Facilitate partnerships that connect investors, $ 2.1 B corporations and entrepreneurs with ideal opportunities Worth of completed and ongoing projects, extending across a total area of 12 km2 Establish robust integration between government in 10 years and private organisations Adopt, plan and manage developments that enhance Sharjah’s reputation as a great place to invest, work and live SHARJAH IS UAE’S CULTURAL CAPITAL; IT IS ALSO KNOWN AS AN INDUSTRIAL, EDUCATIONAL AND TOURISM HUB World-class infrastructure with Established infrastructure of roads; Home to world-class The only emirate to cover both east diversified economies; no one creating an integrated transport seaports and an and west coasts of the UAE sector contributes more than 20% network international airport of GDP 3rd largest 55,000+ 22 $ 25.2 B Emirate (2,590 km2) SMEs Industrial zones GDP 1.5 M 13,500+ 6 157+ Population Companies Free zones Investor nationalities SHARJAH AND UK 607 UK companies registered under SEDD (Sharjah Economic Development Department) Free Zones 366 UK companies active in SAIF Zone 147 UK companies active in Hamriyah Free Zone (HFZ) UAE AND UK STRENGTHENING BILATERAL PARTNERSHIPS Since its foundation in 1971 the United Kingdom has been a trusted and valued friend of the United Arab Emirates (UAE) Today there is a thriving bilateral relationship with the United Kingdom covering economic, strategic and cultural interests UAE is expected to the second largest Arab economy 2017 after Kingdom of Saudi Arabia Over 100,000 British citizens reside in the UAE and around 50,000 Emiratis visit the UK each year Over 5,000 companies are doing business in UAE Over 1 million British visitors travel to the UAE annually The UAE is the UK’s largest export market in the Middle East and the 13th biggest globally WHY DO BUSINESS IN UAE? ATTRACTIVE INVESTMENT CLIMATE 100% Freehold ownership for foreigner companies, industries and freezones Repatriation of capital and profits Exemption of import Competitive property No income tax and export duties and warehouse leases Tax exemption environment 5% custom duties and outside freezone Excellent infrastructure 2 days or less 5% VAT only and facilities to obtain a new business BUSINESS FRIENDLY ENVIRONMENT Simplified incorporation process, within a hassle free, business friendly legal framework: Public and Local Foreign GCC company Company Company private share branch holding Branch Branch Simple Limited freezone Partnership liability setup process company company(LLC) BUSINESS SETUP PROCESS Setting up a business in Sharjah is quicker and easier 7. Receive license and record certificate 1. Issue trade name 6. Issue payment voucher and fee collection 2. Authorize 5. Perform the necessary partnership contract audit 3. Issue technical 4. Complete evaluation document transaction PROMISING SECTORS AND OPPORTUNITIES Opportunities Travel & Leisure Market value of Cruise liner routes Partnerships with Multicultural, high $ 2.27 B and partnerships local tourism and end restaurants activity operators with targeted value propositions for niche audiences Eco-tourism and 5-star hospitality Established Airport support outdoor activities franchises services PROMISING SECTORS AND OPPORTUNITIES Opportunities Environment Market value of Environmentally Development of Effective waste $ 2.6 B responsible Renewable energy management plants (forecast - 2017) Research and Consultancy services Development facilities for public and private for environmental businesses technologies PROMISING SECTORS AND OPPORTUNITIES Opportunities Transport & Logistics Market value of Freight forwarding Specialized services Sea-freight services $ 1.25 B storage, shipping and for reefer shipping and operational operational support and forwarding management Temprature controlled storage PROMISING SECTORS AND OPPORTUNITIES Opportunities Healthcare Market value of Training and Long-term care Training and $ 2.2 B professional facilities for the professional certification of elderly, accident certification of medical practitioners victims and other medical practitioners Revenue growth per Year 7 % (estimated) Long-term care Pharmaceuticals facilities for the manufacturing, elderly, accident regulation and victims and other secure distribution MANUFACTURING SECTOR Opportunities Light Manufacturing Market value of Factory construction Retail spaces & Buying and selling & labour training installation services of wholesale and $ 4.3 B raw materials Packaging and Warehouse leasing distribution facilities and Real State Investment Trust MANUFACTURING SECTOR 16.9% AED 6.4 B of the Emirate’s GDP Total investment in manufacturing activities from foreign and domestic investor in 2016 Target The sector accounts for Attract 25% AED 275.25 B of the GDP by 2025 of investment into industrial manufacturing FREE ZONES Sharjah is home to 2 industry focused free zones: Specialized in Launched in 1998 2 Phase 1 Covers 15 km Oil and gas Al Hamriyah 2 Phase 2 will cover 8 km free zone Steel related businesses The largest industrial free zone by area in the emirate and one of the largest in the UAE. Specialized in Launched in 1995 Adjacent to Sharjah international airport SAIF Zone Light manufacturing Air Fleight Hub Lufthansa first cargo headquarters in GCC and MENA Fast moving consumer goods FREE ZONES ONSHORE ZONES Launched in 2005 Sharjah hosts 22 onshore industrial zones. 7.7 2 km Specialized in light and medium manufacturing Industrial operations are moving out of Sharjah city to industrial areas. Under development 2 “Sharjah benefits from strong existing 1.3 km industrial infrastructure, including Specialized in light and medium manufacturing access to logistics and a strong and diverse labour pool” Lalu Samuel - Chairman of Kingston Holdings ENTREPRENEURSHIP IN SHARJAH Launched in 2016 Located at the American University of Sharjah Innovation entrepreneurial journey Inspire . Ideate . Incubate . Accelerate SHARJAH ENTREPRENEURSHIP CENTER (SHERAA) Sheraa has inspired a community of Inspire: raising awareness on entrepreneurial opportunities through 6,000+ 300+ 2,000+ workshops and speaker events aspiring entrepreneurs inspirational local and hustlers at the inaugural Sharjah international speakers Entrepreneurship Festival 185+ 20% Ideate: enabling aspiring ideathon participants to of all participants Hackathons to encourage entrepreneurs to quickly validate their date with shortlisted for incubator idea generation business ideas with actual customers 115+ program innovative ideas SHARJAH ENTREPRENEURSHIP CENTER Accelerators include: (SHERAA) Incubate: helping startups develop advanced prototypes, go to market, and generate sales 2 cohorts annually, with up to 30 $ 80K + teams per cohort in revenue generated by top 3 performers in 2017 Accelerate: supporting early-stage, high-growth startups as they scale their business through intensive workshops and mentorship 1 cohort annually, with 10-15 30+ $ 80 M startups graduated teams per cohort in revenue generated since January 2017 annually by alumni KEY INVESTMENT PROJECTS IN SHARJAH Sharjah is undergoing a massive Spanning over 1,000,000 m2 transition and development Designed to meet the needs of the to address entire family with areas for recreation, growth childcare and retail facilities. in sectors such as lifestyle, communities, business spaces and most significantly, retail Headquarter designed by architect Zaha Hadid Region’s first and the world’s greatest waste to energy gasification plant KEY INVESTMENT PROJECTS IN SHARJAH Spans over a 24 M ft2 area Designed by Woods Bagot Firm Sharjah’s largest ever mixed-use megaproject +12 M Passengers in 2018 Expansion to increase the airport’s capacity to hold up to 20 M passengers by 2027 Pioneers of the Middle East’s first and largest low cost carrier Air Arabia KEY INVESTMENT PROJECTS IN SHARJAH A premium landmark mixed-used project First fully-walkable development $ 830 M real estate development Spanning across 3 M ft2 SHUROOQ SUCCESS STORIES 4.8% revenue growth in 2017 4.8% revenue growth in 2017 10.6% revenue growth in 2017 SHUROOQ SUCCESS STORIES 9.8% revenue growth in 2017 125% revenue growth in 2017 SHUROOQ SUCCESS STORIES This lodge is set against the beautiful backdrop of Mleiha’s desert landscape Luxurious hospitality providing a unique, nature-inspired experience within the amazing mangroves of Kalba SHUROOQ SUCCESS STORIES $ 54.5 M Project comprised of renovated, regenerated and new buildings harmoniously integrated into a cohesive heritage experience SHUROOQ FUTURE PROJECTS This memorable camping experience is set against the dunes of central Sharjah 3 km شاطىء خورفكان stretch of stunning coastline with high-quality beachside amenities KHORFAKKAN BEACH SHUROOQ INVESTMENT PROJECTS $ 1.9 B worth of several exciting new partnerships, in a diverse array of economic sectors Shurooq enjoys striking success with a partnership-centric approach
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