Sharjah’s gross domestic product (GDP) reached AED92.7b in 2017, increasing by an average of 4.7 per cent, according to figures released by the Sharjah Economic Development Department. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, (SEDD) said that the increase in GDP reflects the wise vision of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, ...

Sharjah Economic Development Department report says non-oil sectors account for 91.9% of the emirate’s total GDP Sharjah’s 2018 non-oil GDP hit AED89 billion ($24.2 billion), according a report issued by Sharjah Economic Development Department (SEDD), with all non-oil sectors accounting for 91.9 percent of the emirate’s total GDP. The report, cited by state news agency WAM, said that the transport, ...

Global credit rating agency Standard & Poor’s has lowered its long- and short-term foreign and local currency sovereign credit ratings on the Emirate of Sharjah from ‘A/A-1’ to ‘BBB+/A-2’ with a stable outlook. The agency attributed the change largely to an increase in government debt and slower than expected fiscal consolidation. S&P also forecasts faster economic growth in 2017, increasing ...

The Emirate of Sharjah’s gross domestic product (GDP) growth could reach 13 percent in 2014, according to comments made by Hussain Mohamed Al Mahmoudi, director-general of Sharjah Chamber of Commerce and Industry to UAE newspaper Khaleej Times. Al Mahmoudi informed the paper that the Chamber expected the emirate’s GDP to reach AED 113 billion (US$30.8 b) this year compared to ...

The emirate of Sharjah’s gross domestic product (GDP) grew by 8 percent during 2013, according to new statistics released by the United Arab Emirates Ministry of Economy this week. According to the Ministry, Sharjah’s economy fared well during the last global financial crisis and bounced back from -5 percent GDP downturn in 2009 to +4 percent GDP growth in 2010, 7 ...

Under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of Sharjah Executive Council, Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah inaugurated the 10th annual edition of the Sharjah International Travel & Tourism Forum (SITTF) on Wednesday in Expo Centre Sharjah, which was ...

During the Sharjah FDI Office’s (Invest in Sharjah) participation in UNCTAD’s 8th World Investment Forum in Abu Dhabi, the agency’s delegation underscored the vital importance of smart technologies and digital solutions in empowering investors to make well-informed decisions regarding their investment choices. This empowerment is made possible by harnessing the extensive data and real-world insights offered by investment agencies such ...

Remarkable growth signifies the enduring appeal that Sharjah holds for businesses The emirate of Sharjah has recorded a spectacular year-on-year growth in its manufacturing sector with a sharp 7 percent increase in the renewal of industrial licences in 2022, according to the Sharjah FDI Office (Invest in Sharjah). This was announced by the office during its participation in the second ...

Sharjah’s gross domestic product grew by 5.2 per cent last year, driven by economic diversification efforts that are aligned with the emirate’s development strategy. The emirate registered Dh136.9 billion ($37.2 billion) in GDP earnings last year compared with Dh130.1 billion in 2021, Sharjah’s Department of Statistics and Community Development said on Tuesday. The DSCD data is based on a survey ...

The Sharjah FDI Office (Invest in Sharjah) has emphasised to businesses, countries and regions represented at the 12th Annual Investment Meeting (AIM) that with impressive advancements in diversity, innovation and advancement across traditional, emerging and talent-based economic sectors, Sharjah is continuing its role as a regional powerhouse committed to empowering the global economy. Seven key sectors in particular, namely, health ...