The Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority (Shurooq), has announced the launch of the Sharjah Investment Tracker, a plug-and-play website that publishes real time investment statistics of Sharjah and aims to map out the investment landscape in the emirate through analyzing FDI flows.

Providing real-time data on both FDI and domestic investment, the investment portal will also use a GIS (Geographic Information System) mapping tool to provide comprehensive site-specific data about the companies investing in the emirate.

The Sharjah Investment Tracker has been developed in partnership with Wavteq, a global FDI technology and consulting company that develops the leading databases and operating systems for economic development.

As a vital tool to analyse investment flows and trends, the Sharjah Investment Tracker has different filters that provide real time information on investment type – foreign, domestic, reinvestment, mergers and acquisitions, or new forms of investment; technology level – low, medium, or high; source country; and industry type – transportations and logistics, agriculture, education, manufacturing, information and communication technology(ICT) and more.

Updated daily, the comprehensive data service will provide a reliable project database of investments in Sharjah with advanced filtering, trends, analysis, and reporting tools.

According to Mohamed Al Musharrkh, CEO, Invest in Sharjah, “as an investment promotion agency, the launch of the Sharjah Investment Tracker serves as a valuable source of sector, market and investment intelligence which is indispensable in providing in-depth trend analysis to develop both short and long-term strategies based on real time data. Such up-to-date data will enable Invest in Sharjah to identify, promote, and prioritise target market sectors thereby empowering potential investors and key decision makers with relevant information to uncover new business opportunities in the emirate and the wider region.”

He added: “It is also a powerful tool for performance measurement, to generate new investment leads, and to set realistic investment targets for all stakeholders which can, in turn, inform investment attraction strategies.”

According to the latest Invest in Sharjahreport, investor confidence in Sharjah has continued its upward trend with 24 new investment projects worth $220 million in 2020.

The Sharjah Investment Tracker will be updated daily and can be accessed on its dedicated website, www.sharjahinvestmenttracker.ae, and via the Invest in Sharjah website,  https://investinsharjah.ae.