The Sharjah FDI Forum 2017 will address a range of key topics on the economy and investment and the direct impact of the Fourth Industrial Revolution (4IR), which is the theme of the forum, on enhancing international competitiveness through adopting the most advanced technologies and contemporary trends.

The prestigious economic event is being held under the patronage of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah on 19th and 20th September at Al Jawaher Reception and Convention Centre in Sharjah.

Organised by the Sharjah Investment and Development Authority, Shurooq, and the Sharjah FDI Office (Invest in Sharjah), and in strategic partnership with CNBC Arabia, the Sharjah FDI Forum 2017 will host a panel discussion titled ‘4IR: Opportunities, Benefits and Challenges’.

Experts will shed more light on the implementation of this revolution in the UAE, as well as the potential impact of artificial intelligence and robotics on our lives. The increase in the number of robots, in addition to the risks and advantages of human-robot interaction will also be addressed.

Also up for debate are the challenges and risks of automation, the excessive use of robots and artificial intelligence in jobs, and the importance of immediate transformation to smart cities. Other important topics include the necessary legislation and policies to ensure harmonisation and alignment with 4IR and Sharjah’s potential sectors that can profit from it, contributing to the ‘UAE Fourth Industrial Revolution Council’.

Marwan bin Jassim Al Serkal, CEO of Shurooq, said, "The two previous editions of the Sharjah FDI Forum addressed a spectrum of crucial topics in the world of economics, including FDI flows, industry, SMEs and the knowledge economy. In this year’s edition, the forum will address yet another vital trend that will shape the future of the world.

"Given the gravity of The Fourth Industrial Revolution and its pivotal role in impacting investment trends, the forum seeks to highlight the direct impact on state economies, individual incomes and capital flow around the world.

"The challenges and opportunities of the Fourth Industrial Revolution require a thorough understanding and call for concerted efforts between the highest level government officials and corporate decision-makers with the aim of establishing joint values, standards and objectives.

"Although The Fourth Industrial Revolution is still in its early phases, the forum’s panels will feature a precise and detailed reading of its effects on the UAE and the Emirate of Sharjah, their current position and their capability to keep pace in the future," he notes.

Mohammed Juma Al Musharrakh, Director of Invest in Sharjah, said, "Keeping pace with The Fourth Revolution has become fundamental for economies striving to reach a leading position in regional and global competitiveness. It is imperative for us to be prepared for this new era, and work harder to attain a standing that befits the status of the UAE and the Emirate of Sharjah on an international arena."

"Governments in general are required to issue legislation designed for 4IR. The highest burden of innovation falls on corporates, firms and research institutions, while individuals contribute to the development of systems through feedback and development suggestions. In the end, this revolution will take place through joint collaboration between all parties, and we look forward to promoting the forum’s message among people in UAE, the region and the world," he noted.