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SAIF Zone highlights investment incentives offered to investors

The Sharjah Airport International Free Zone (SAIF ZONE) has recently held an expanded business meeting with a high-ranking Chinese delegation, comprising officials and businessmen from the Chinese Business Union and Society, Liaoning Business Council, Shanghai Business Union and Society and other Chinese bodies and institutions interested in taking Sharjah as a center of their operations in the region. The 60-member ...

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SEDD receives “Residency and Foreign Affairs” delegation

Sharjah Economic Development Department “SEDD” received a delegation from the General Directorate of Residency and Foreign Affairs in order to strengthen cooperation and enhance coordination between the two parties for the benefit of investors. The delegation was received by Fahad Al Khamiri, Director of Registration and Licensing Department, Hamad Al Midfa, Deputy Director of Legal Affairs Department, and Mudathir Abdullah, ...

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SCCI launches initiative with economic sector’s representatives

The Sharjah Chamber of Commerce and Industry (SCCI) has launched a new initiative on fostering dialogue and partnership among the private sector’s representatives in certain sectors in the Emirate of Sharjah. The initiative was inaugurated last week through a meeting comprised the working companies in the food processing and trade sector. The meeting was attended by more than 30 companies ...

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Sheikh Sultan Al Qasimi Launches AED 2 Billion ‘Sharjah Sustainable City’ Project

His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, launched ‘Sharjah Sustainable City today (Wednesday), the first urban mixed-use project in the emirate, which meets the highest standards of green economy and environmental sustainability. It is the outcome of a strategic partnership between Sharjah Investment and Development Authority (Shurooq) and Diamond Developers, a ...

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AED 41 Billion Sharjah’s Industrial Production Worth in 2018

According to the report issued by Sharjah Economic Development Department “SEDD”, the industrial production of Sharjah reached 41 billion dirhams last year. Therefore, the Department attained great achievements and results in the area of industrial licenses indicator through 2018 whereas the number of issued industrial licenses grew by 14% in 2018 compared to 2017 with 174 licenses issued, and 1890 ...

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Sharjah Chamber looks to strengthen economic relations with Afghanistan

The Sharjah Chamber of Commerce and Industry, SCCI, held a business meeting with an economic delegation from Afghanistan, where the two sides discussed ways to enhance and develop economic cooperation and trade relations between Sharjah and Afghanistan, as well as promote the investment opportunities available to both sides. Abdullah Sultan Al Owais, Chairman of the SCCI, held discussions with Khan ...

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SEDD achieves competitiveness through viewing best practices in 2018

Sharjah Economic Development Department “SEDD” organised a number of benchmarking through 2018, which aims at exchanging experiences, knowledge and best practices in various fields. His Excellency Sultan Abdullah bin Hadda Al Suwaidi, SEDD Chairman, stated that the Department seeks continuously to develop and improve the performance and service according to the highest standards in accordance with the leadership approach in ...

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Sharjah accurately gauges needs of foreign investors, says WAM chief

Despite it being globally renowned for its cultural achievements, Sharjah is also known for its investment sector, which maintains a balance of growth across all sectors, according to Mohammed Jalal Al Rayssi, Executive Director of the Emirates News Agency, WAM. “The emirate has proven its ability to anticipate future trends related to foreign investments and has succeeded in attracting and ...

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Sharjah government plans to invest about $517 million in Invest Bank

The Government of Sharjah will invest up to 1.9 billion dirhams ($517.32 million) in Invest Bank, the lender said on Wednesday, disclosing details of the two-stage investment plan. The Sharjah government stepped in to support Invest Bank, after it was hit by recent high levels of loans. The Government of Sharjah will buy 1.59 billion shares of Invest Bank for ...

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Sharjah’s Dh26 billion budget for 2019 is people-friendly

Sharjah has announced a budget with total expenses of Dh25.7 billion for 2019, marking a 10 per cent growth in comparison to its budget last year. His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah approved the spending for 2019, which will see an increase in spending on public safety as ...

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