Economy

Region’s leading FDI forum held under the patronage of His Highness the Ruler of Sharjah As global economies transition from readying themselves for the Fourth industrial revolution, to devising frameworks and capital markets that pave way for a profitable and sustainable future, the 4th Sharjah FDI Forum, slated to take place on 10 and 11 of December, under the patronage ...

The Sharjah Investment and Development Authority (Shurooq) and BESIX, the region’s leading company operating in infrastructure concessions and construction, has signed a joint venture agreement to operate and maintain an existing wastewater treatment plant in Al Saja’a area in Sharjah. The newly formed company, called QATRA, will continue developing and expanding the wastewater infrastructure in line with Sharjah’s masterplan, whilst ...

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 ...

The company’s AED11 million investment in the road extension aligns with its objective to play a key role in driving Sharjah’s economy. Gulftainer, one of the world’s largest privately-owned independent port operators, based in the UAE, will invest in the construction of the Saja’a Permanent Access Road. The company’s AED11 million investment in the road extension aligns with its objective ...

The UAE government has created a buzz of expectation with its plans to introduce a 10-year residency visa to attract investors and new talent. The new visa rules, to be in place by the end of 2018, have potentially far-reaching consequences at a time when major developed countries such as the US are putting up barriers in visas and immigration ...

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 ...

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 24: As part of the delegation of the UAE, the Sharjah FDI office ‘Invest in Sharjah’ has participated in the 3rd Belt and Road Summit in Hong Kong, with more than 5,000 participants from 55 different countries. The UAE participated in the summit with a high-level delegation headed by the Ministry of Economy, including a number of senior officials ...

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 UAE Cabinet has approved a new long-term visa for international investors and talented professionals and is set to introduce an investment law allowing 100 per cent foreign ownership this year, according to an announcement on Sunday. State-news agency WAM said UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum directed the Ministry of Economy to ...