MUMBAI, Apr 21: The Sharjah Chamber of Commerce and Industry has called upon Indian investors to make investments in chemicals, petro-chemicals, heavy industries and high tech industries in Sharjah which has two free zones -- Sharjah airport international free zone (SAIF) and Hamriyah free zone.Chairman of SCCI, Ahmed Mohammed Al Midfa, said in a seminar today that these zones provide various incentives such as 100 per cent foreign ownership, 100 per cent repatriation of capital and profits, no currency restriction, easy recruitment of labour, no corporate taxes, no personal income taxes, and abundant lease land for investors to build their own facilities.
SAIF which was located adjacent to Sharjah international airport provides a unique trade bridge while the Hamriyah free zone has been investor-oriented and its management was flexible and dynamic, he said.
Al Midfa said Sharjah has over the years become an important re-distribution and re-export hub for the Middle-East market and the internal tradesector and the services sectors have grown over the decades, with the total number of commercial firms in Sharjah exceeding 8,000, employing a total capital of a staggering $6.8 billion.
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