Economy

Budget has a strong focus on infrastructure development. Sharjah has announced its budget for 2020 – the largest ever – with total expenses of Dh29.1 billion, a two per cent increase from its 2019 budget, with strong focus on infrastructure development. The budget will see an increase in expenses across several sectors including infrastructure, social programs, economic activities, culture and ...

From new tech to welding contest, 4-day show to be a key industry event Sharjah: Presenting the region’s largest showcase of machinery, equipment, tools and accessories for the metal working and forming industry, the 16th SteelFab 2020 has got under way at Expo Centre Sharjah on Monday (Jan 13). Serving as a one-stop sourcing and reference point for the entire spectrum of ...

SHARJAH, 15th January, 2020 (WAM) — The Sharjah Chamber of Commerce and Industry, SCCI, has recently organised a consultative meeting with representatives, heads, and executives of the contracting companies operating in the Emirate of Sharjah, with a view to reviewing the developments in the contracting sector and ways of developing it. Headed by Abdullah Sultan Al Owais, SCCI’s Chairman, the ...

His Highness Dr Sheikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, launched several projects during the first quarter of this year 2019, including 3 development projects in Sharjah, at a total cost of Dhs2.7 billion. Those projects are being implemented through a strategic partnership between the Sharjah Investment and Development Authority ( Shurooq) and Eagle ...

The project was opened at a ceremony by the ruler of Sharjah The Khorfakkan Beach project, a US$ 25.9m (AED 95m) tourism project that aims to strengthen Sharjah’s tourism sector has opened in the emirate. The project features a one kilometre area on the southside of the beach, dedicated to water sports, shopping spaces and F&B venues. Khorakkhan Beach project also brings a ...

The partnership will see both partners working towards a more energy-efficient future for Sharjah, and delivering the first district cooling solutions for the Emirate Bee’ah, the Middle East’s leading sustainability pioneer, and National Central Cooling Company (Tabreed), the leading  international district cooling developer based in the UAE, have signed a partnership agreement to jointly explore the development of large-scale district ...

The number of renewals increased from 13,514 in 2018 to 14,425 in the first quarter of 2019 The Sharjah Economic Development Department (SEDD) on Saturday announced that it issued 1,464 licences in first quarter of 2019 compared to 1,240 in the same quarter last year, reflecting an increase of 18 per cent. In a statement, the department said the number ...

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, ...

The Sharjah Research Technology and Innovation Park, SRTI Park, launched the Sharjah Innovation Economy Report at a special ceremony today. The event, held under the patronage of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, took place at Al Jawaher Reception and Convention Centre. A host of dignitaries and officials from both private ...

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 ...