Sharjah Asset Management participates in the St. Petersburg International Economic Forum

Sharjah: Sharjah Asset Management Company, the investment arm of the government of Sharjah, participated in the twenty-fifth edition of the Petersburg International Economic Forum. The forum brought together more than 13,500 participants from 141 regions and countries of the world, to exchange views and experiences among policy makers, managers and representatives of the business sector from different countries of the world.

Rashid Burehima, Director – New Business Ventures at Sharjah Asset Management Company, met with a number of delegations attending the forum and discussed opportunities for cooperation, strengthening economic relations and joint cooperation between all parties. The delegations also discussed the possibility of organizing and coordinating joint projects in the future, in order to expand and strengthen the company’s investment network globally.

Omar Al Mulla, CEO – Investment Sector at Sharjah Asset Management Company, said: “Our participation in this forum is an important step in introducing the role of Sharjah Asset Management Company to the participating delegations, and our role in taking responsibility government investments in the emirate of Sharjah. This includes both asset management and property development, with the aim of building a competitive economy for Sharjah to provide top-notch investment to the emirate and promote the economic development of the emirate of Sharjah.

Al Mulla highlighted the vital strategic location of the emirate of Sharjah and the investment opportunities it offers to businessmen from different countries of the world, in light of the emirate’s adoption of a policy of economic diversification, provision of advanced logistics services, supportive legislation and laws, and state-of-the-art infrastructure. All of these factors underscore the competitive role of the emirate as the economic center of the region.

Rashid Burehima adds: “Sharjah Asset Management’s participation as the investment arm of the Sharjah government opens wider horizons for the development of business and investment partnerships between Sharjah and Russia in various sectors of common interest, and to affirm the company’s desire to play an active role in strengthening economic, investment and trade relations between the two countries. We wish to continue to establish the best relations with the various business communities with the aim of attracting more vital foreign investments in the emirate, by opening up new promising markets.

It should be noted that Sharjah Asset Management Company is world famous in the field of wealth creation and was established exclusively by the government of Sharjah. For the government of Sharjah, the path to economic diversification is through the expansion of multiple industries and the development of world-class facilities for sustainable investment opportunities.


About St. Petersburg Forum

The Saint Petersburg Forum is a premier international event held annually since 1997, under the patronage and presence of Russian President Vladimir Putin. It deals with global economic issues and their impact on markets, in addition to supporting communication and partnerships in various economic fields. The presence of heads of government, ministers and officials from different countries of the world, cooperating alongside businessmen and leaders of major Russian and international companies, is the main objective of the forum.

Melvin B. Baillie