Sharjah Media City (Shams) Successfully Participates in Sharjah FDI Forum 2019

Sharjah Media City (Shams) successfully participated in the 5th edition of the Sharjah FDI Forum 2019, one of the leading investment conference and exhibition events in the Middle East and North Africa (MENA) region.

H.E. Dr Khalid Omar Al Midfa, Chairman of Sharjah Media City (Shams) said that the forum was a unique opportunity for Shams to introduce its wide range of services, which covers many sectors such as media, monitoring, digital content, radio and TV broadcasting, photography, film production, and e-commerce, in addition to the business center which hosts the offices of Shams-registered companies.

Al Midfa added that the Sharjah Media City supports entrepreneurs and businesses in various media sectors and provides an ideal environment for the development of these industries, which are currently moving towards digital technology and artificial intelligence. “Shams’ practical experience is instrumental in keeping pace with such developments,” he said.

On the sidelines of the forum, Sharjah Media City (Shams) signed a cooperation agreement with Sharjah Investors Services Centre (Saeed).

The agreement was signed by H.E. Shihab Al Hamadi, Director of Shams and H.E. Mohammed Al Musharrakh, CEO of Sharjah FDI Office, in the presence of H.E. Dr Khalid Al Midfa, Chairman of Sharjah Media City (Shams) and Marwan bin Jassim Al Sarkal, CEO of Sharjah Investment and Development Authority (Shurooq).

According to the agreement, Shams will provide business setup services and license renewal services through Saeed, while the latter will actively promote these services.

H.E. Shihab Al Hamadi said: “The agreement is consistent with Shams’ efforts to offer a favorable environment for investors and entrepreneurs. As per the agreement, Saeed will help responding to client inquiries, handling applications, and requests, expanding the network of individuals and companies and managing relations with investors.”

On the first day of the Forum, Shams participated in a panel discussion, in which H.E. Al Midfa spoke about the UAE Entertainment Experience. Dr. Khulud Abu Homos, CEO of the UAE Entertainment Experience, presented an introduction video on the UAE Entertainment Experience, the first of its kind project to produce the first Crowd-sourced film in the Arab World. The presentation titled “Setting the Cinema Landscape for Investors” was held on the first day of the two-day event.

Abu Homos said that the UAE Entertainment Experience has achieved an overwhelming success since its launch, attracting over 3,000 filmmakers, with women participation accounting for 40% of the total participants, including actors, directors, writers, composers, cinematographers and more.

During the event, H.E Al Midfa also participated in a panel discussion titled “Youth Circle Discussion: The Future of Youth in the Era of Digital Enterprise.” In another panel discussion, H.E. Al Hamdi spoke about investing in Sharjah, throwing light on the new opportunities and potentials of the emirate and whilst providing strategies that make doing business easier in the emirate.

Sharjah Media City (Shams) is a world-class media hub for innovative facilities and services. Shams offers over 120 business activities to choose from and provides the flexibility to combine different activities on the same license. Licenses issued by Shams allow companies to operate the business activities in accordance with their license and offers facilities, flexible legal framework, general and logistic services to investors. Shams provides unique services to investors from across the world and a high level of innovative services in a safe and vibrant ecosystem for entrepreneurs to set up their business.