Sharjah Launches AI Platform to Attract Foreign Investment
Invest in Sharjah's new AI agent, Najm, aims to streamline the identification of industrial and commercial property opportunities for global investors.
Invest in Sharjah's new AI agent, Najm, aims to streamline the identification of industrial and commercial property opportunities for global investors.
· Updated
Sharjah has introduced Najm, an artificial intelligence agent designed to help foreign investors quickly identify investment opportunities within the emirate. The platform, launched by the Sharjah FDI Office (Invest in Sharjah), aims to speed up business processes and attract more foreign direct investment.
In its initial phase, Najm will assist investors in locating industrial facilities and commercial real estate. This is facilitated through partnerships with property portals Bayut, Property Finder, and e-commerce platform Dubizzle, which will provide the AI agent with relevant data.
The development of Najm is intended to simplify the investment decision-making process by delivering crucial information to investors precisely when they need it. This initiative comes as Sharjah seeks to bolster its foreign direct investment figures amidst global geopolitical uncertainties.
Last year, Sharjah attracted Dh7.74 billion in foreign direct investment, marking an 8.8 percent annual increase. The number of FDI projects also saw a significant rise of 45 percent, reaching 142 developments.
Future phases of the Najm platform plan to expand its scope to include investment opportunities in the healthcare, education, and technology sectors, further broadening the range of available assets for global investors.
FAQ
What is the purpose of the Najm AI platform?
Najm is designed to help global investors identify industrial and commercial property investment opportunities in Sharjah within seconds.
Which sectors will Najm cover in its second phase?
In its second phase, Najm is planned to expand its coverage to include the healthcare, education, and technology sectors.