His Excellency Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority (Shurooq) said: “Key attributions to Sharjah’s diversified growth during 2017 until mid-2018 include the current strategic distribution of capital and investments across new, existing and emerging sectors in the emirate. State entities, such as Shurooq, had a leading role in increasing investments from the ...

Top Sharjah officials and economic stakeholders have welcomed the move by global credit ratings agency, Standard & Poor’s (S&P), reaffirming Sharjah’s BBB + / A-2 sovereign credit ratings in long- and short-term. Lauding the decision by the global watchdog, they emphasised that Sharjah’s economic outlook remains healthy and positive in short and long terms, thanks to the Emirate’s diverse economy ...

The 2018 Oxford Business Group report for Sharjah has shown that the emirate’s policy of diversification and its success in attracting foreign direct investment is driving the economy towards new heights. The document, ‘The Report Sharjah 2018’, provides an in-depth analysis of the most prevalent sectors and industries, highlighting the move away from hydrocarbons and towards a diverse and innovation-led ...

The recent Moody’s rating for Sharjah will impact positively on the emirate’s business environment as well help in attracting investments, according to the chairman of Sharjah Economic Development Department (SEDD). Sharjah’s rating of A3 by Moody’s Investors Service is based on the increased government revenue, stability of the budget indicators and high gross domestic product (GDP) per capita, Sultan Abdullah ...

The Sharjah FDI Office (Invest in Sharjah) and senior officials from business departments in Sharjah have met with top Dutch investors and national commercial entities at the ‘Sharjah–Netherlands Business Seminar’ in Rotterdam on Wednesday (May 9), sharing latest insights about Sharjah’s rapidly transforming economic experience, which has seen a given rise to lucrative business opportunities in a diversity of non-oil ...

Sharjah FDI Office (Invest in Sharjah), the investment promotion arm of the Sharjah government has unveiled that the emirate’s performance in attracting foreign direct investment (FDI) in various economic sectors has seen a sharp increase of 102 percent between 2016 and 2017, with FDI inflows worth USD 1.622 billion (AED 5.97 billion) last year as compared to USD 808 million ...

Improving oil prices, narrowing deficits and continued public spending are expected to support economic growth averaging 2.5 percent across the GCC next year, according to Moody’s Investors Services, while the credit agency predicts 2.7 percent real GDP growth for Sharjah in 2018. In Sharjah’s case, a wide range of achievements have helped it maintain stability in the face of regional ...

Global credit rating agency Moody’s Investors Service has affirmed the long-term issuer rating for the Government of Sharjah at A3 and maintained the outlook at stable. Moody’s has affirmed the same high rating with a stable outlook for the emirate since its first rating report in 2014. Moody’s also affirmed its A3 ratings on Sharjah’s two senior unsecured sovereign Islamic ...

Seventy-five percent of Sharjah’s Emirates Industrial City (EIC) has now been leased, according to a a report in the UAE’s Khaleej Times newspaper, and an additional AED 200 million (US$ 55m) of plots are expected to be sold by the first quarter of 2019. Launched in 2005 by the investment consortium Emirates Company for Industrial Cities, the massive multi-use development ...

Sharjah Investment and Development Authority (Shurooq), one of the most ambitious environmental tourism developers in the Middle East, will be announcing exclusive updates regarding its business management and project expansion during World Travel Market London 2017 being held from 6-8 November at ExCeL London. Shurooq will be exhibiting in the Sharjah tourism pavilion (stand ME400). Shurooq, which has helped to ...