Sharjah FDI Forum hits five-year milestone

A panel discussion during the Sharjah FDI Forum 2016 (Archive)
Updated 22 October 2019

Sharjah FDI Forum hits five-year milestone

On Nov.11 and 12, over 1,000 regional and global leaders in business and economic sectors are expected to gather at the fifth edition of the Sharjah FDI Forum to discuss trends that will drive the future of foreign investments in the UAE and the region, training light on how development and strategies can continue to maximize benefits at a time the global economy undergoes radical transformations. 

The event has chosen the theme “Future Trends in Foreign Direct Investment” and seeks to promote policy and investment discussions, which will offer a strong push to sustainable development, responsible investments and inclusive global growth. 

Despite trade barriers and geopolitical tensions, FDI flows to the UAE remained largely unchanged in 2018, at $10 billion (World Investment Report 2019, UNCTAD). The economy is projected to grow 3.3 percent in 2020 supported by a strong 4 percent non-oil growth projected for that year, according to IMF. 

The fifth edition will be held at the Al-Jawaher Reception and Convention Center (JRCC) in Sharjah, and will also highlight the need to create a global innovation mindset that is driven by an open exchange of ideas and enhancing user experiences. 


Seafood lovers flock to LuLu fiesta

LuLu Hypermarket’s annual seafood festival, held in association with the National Fisheries Development Program, was attended by senior officials from the fisheries department and LuLu.
Updated 20 November 2019

Seafood lovers flock to LuLu fiesta

LuLu Hypermarket hosted its annual “Seafood Fiesta,” a showcase of more than 100 varieties of fish and shellfish across its stores in the Kingdom.
The seven-day festival, which ran until Nov. 17, was held in association with the National Fisheries Development Program, a subsidiary of the Department of Ministry of Environment, Water and Agriculture (MEWA).
LuLu honored seven Saudi fishermen who completed 50 years in the field of fishing. The seafood festival was inaugurated by Abdul Aziz A. Alshehab, general director of Fisheries Research Center, Eastern Province, at LuLu Hypermarket in Dammam. At its Jeddah branch in Amir Fawaz district, the event was inaugurated by Rada Al-Zahrani, director of the fisheries department in Jeddah, while at the Riyadh branch in Murabba district, Dr. Ali Muhammed Al-Shaikhi, CEO of National Fisheries Development Program, opened the event.
Shehim Muhammed, director of LuLu Hypermarket Saudi Arabia, said: “We have always taken pride in offering fresh and high-quality seafood from around the world. Seafood Fiesta is one such event that proves the commitment of LuLu to bring the widest range of fish and shellfish that is well-loved by both the local and expat communities. We also support local produce, as we are recognized as the top seller of Samaq-certified products, which highlight fresh and cooked seafood that is promoted by the national aquaculture product certification and labeling program of the Saudi Aquaculture Society, under the guidance of MEWA.”

HIGHLIGHT

LuLu honored seven Saudi fishermen who completed 50 years in the field of fishing, during the seven-day festival, which ran until Nov. 17.

From Norwegian salmon to sea bass, lobster, kingfish and much more, LuLu offered fish and shellfish products in both fresh and frozen options. Apart from the seafood offerings in the wet section, the hypermarket offered a variety of fish dishes at its hot food stations. Japanese maki, prawn pizza, grilled tuna, salmon quiche, fish masala and tuna puff were some of the main attractions at these counters.
LuLu Hypermarket, one of the largest retailers in the region, recently celebrated the group’s 10th anniversary in the Kingdom.
With 180 stores operating worldwide, LuLu aims to provide and sustain the supply of global products at the best rates. It is one of the favorite shopping destinations of both locals and expatriates in the Kingdom.
LuLu is the fastest growing retail chain across 10 countries that include the GCC, India, Egypt, Indonesia, and Malaysia. It is one of the Middle East’s top employers with a workforce numbering at more than 55,000.