Business

The Emirate of Sharjah oil and gas industry leader, Sharjah National Oil Corporation (SNOC), and Emerge Limited, a joint venture between Masdar and the EDF Group, celebrated a significant milestone today with the groundbreaking ceremony for the largest solar installation in Sharjah to date. The 60MWp ground-mounted solar PV plant, located at SNOC’s Sajaa Gas Complex, will generate enough clean ...

Steering investments towards a wise economy in a rapidly changing world is a strategic decision for foreign investors seeking stable and sustainable growth. Sharjah’s economy, playing a pivotal role in the UAE’s economic landscape, is one of the region’s most diversified and sustainable economies. The emirate’s gross domestic product (GDP) saw a 6.5 percent surge, reaching approximately AED 145.2 billion, ...

Sharjah Taxi has announced that 83% of its fleet consists of hybrid and eco-friendly vehicles that run on both fuel and electricity. This is part of Sharjah Taxi’s ambitious and strategic plan to reach 100% by 2027, in line with the country’s objectives to adopt sustainable transportation solutions and develop an integrated network of smart and eco-friendly transport systems that ...

The Sharjah Investment Forum (SIF) will hold its seventh edition on 18-19 September under the theme “A Futuristic Vision for Smart Economies.” Organised by the Sharjah FDI Office (Invest in Sharjah), the forum will explore the role of investments and capital in directing AI systems to support global growth and enhance efficiency, flexibility, and inclusiveness across various sectors.  The event ...

Sharjah has solidified its reputation as a premier destination for the jewellery industry, attracting 17 gold stores in the past five months. The latest addition to this growing list is Dusoul by Dhamani, a renowned jewellery brand founded in India in 1969 and expanded into the UAE in 2000. In a strategic move, the brand has invested AED 20 million ...

The Sharjah FDI Office (Invest in Sharjah) recently organised a business roundtable to convene industry leaders and prominent business owners from the People’s Republic of China. The event, attended by Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR), and HE Ahmed Obaid Al Qaseer, CEO of Sharjah Investment and Development Authority (Shurooq), focused on strengthening cooperation ...

A Sharjah delegation to the People’s Republic of China recently partook in high-level meetings with senior Chinese officials to explore cooperation opportunities and strengthen economic, cultural, and academic ties during their first stop in the capital of Beijing. Led by the Department of Government Relations (DGR) in collaboration with the UAE Embassy in China, the delegation comprising 18 departments and ...

ighteen prominent entities from Sharjah, led by the emirate’s Department of Government Relations (DGR), are set to travel to the People’s Republic of China from June 2 to 8 for a momentous official visit. The primary objectives of this delegation’s visit are to fortify bilateral relations and delve into potential collaboration opportunities across economic, cultural, tourism, healthcare, sport as well ...

The Sharjah FDI Office (Invest in Sharjah) has announced substantial progress in strengthening the emirate’s status as a leading industrial centre in the region. In 2023, Sharjah’s manufacturing sector attracted USD 18.9 million in foreign direct investment (FDI), which reflects the ongoing growth supported by economic diversification policies and the strategic allocation of local and foreign capital, enhancing the resilience ...

Sharjah SME Ruwad, affiliated with the Sharjah Department of Economic Development (SEDD), announced that 109 new projects have joined its membership during the first quarter of 2024, while it approved financing two pilot projects with a total value of AED550,000. The results of the quarterly report issued by the Ruwad showed that 125 projects were implemented during the first three ...