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Economy

Sharjah’s economy grew 5.2% in 2022 on the back of economic diversification efforts

Sharjah’s gross domestic product grew by 5.2 per cent last year, driven by economic diversification efforts that are aligned with the emirate’s development strategy. The emirate registered Dh136.9 billion ($37.2 billion) in GDP earnings last year compared with Dh130.1 billion in 2021, Sharjah’s Department of Statistics and Community Development said on Tuesday. The DSCD data is based on a survey ...

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Sharjah’s entities collaborate to boost economic development

The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with the Department of Government Relations in Sharjah ways to develop and strengthen cooperation and coordinate the development of effective mechanisms for exploring new markets, creating economic partnerships, and monitoring investment opportunities in various key sectors. Both sides also discussed ways to bolster Sharjah’s position as an attractive economic hub ...

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Sharjah Chamber, Shams review ways to upgrade emirate’s investment climate

The Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah Media City (Shams) have discussed exploring opportunities for collaboration and enhance coordination to support investors in the emirate. The two sides also discussed exchanging best practices in media promotion and marketing of economic programmes, initiatives, and projects, with a particular focus on developing innovative marketing channels and mechanisms to promote ...

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Sharjah: 21,486 real estate transactions worth AED5.9bn in Q1 2023

The report shows that the total number of real estate transactions executed in the emirate during the first quarter of 2023 has reached 21,486 transactions, with a total value of AED 5.9 billion, while the total value of real estate mortgages amounted to AED 1.7 billion. His Excellency Abdulaziz Ahmed Al Shamsi, Director General of Sharjah Real Estate Registration Department, ...

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Sharjah Department of Government Relations explores cultural cooperation with Japanese cities

sheikh Majid Al Qasimi, Director of the Sharjah Department of Government Relations (DGR), reviewed with a delegation from Japan, led by Sekiguchi Noboru, Consul-General of Japan in the UAE, ways to bolster bilateral relations and collaboration across multiple domains. The meeting took place at the headquarters of DGR in the presence of Toshihide Yasaka, Deputy Consul-General of Japan in the ...

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MoIAT, Sharjah FDI Office sign MoU to promote investment opportunities under ‘Make it in the Emirates’

SHARJAH, 10th February, 2023 (WAM) — The Ministry of Industry and Advanced Technology (MoIAT) and the Sharjah Foreign Direct Investment Office (Invest in Sharjah) signed a Memorandum of Understanding (MoU) at the 6th Sharjah Investment Forum to promote investment opportunities. Held under the theme ‘Redefining Economies: Making Significant Strides for a Better Future’, the forum aims to promote and attract ...

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Sharjah, North Macedonia discuss key areas of trade and cooperation.

The Sharjah Chamber of Commerce & Industry (SCCI) organised a business meeting with the Embassy of the Republic of North Macedonia in the UAE and the Sharjah Commerce and Tourism Development Authority (SCTDA), in the presence of a group of elite businessmen and tourism sector representatives. The meeting was held due to the visit of an economic delegation from North ...

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Sharjah’s DGR, Hungary’s Minister of Culture and Innovation discuss cooperation

Sheikh Fahim bin Sultan Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, has applauded Hungary for strengthening links with the UAE through its active economic cooperation and participation in cultural and tourism events held in the country. In a meeting held in Budapest with János Csák, Hungary’s Minister of Culture and Innovation, the DGR Chairman expressed ...

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Sharjah Expo, GM sign MoU to host 8th edition of EduCafé.

Expo Centre Sharjah has signed a Memorandum of Understanding (MoU) with Gulf Madhyamam (GM) to organise the 8th edition of EduCafé, an educational event, from 19th to 22nd October, which is set to feature numerous educational institutions, increasing networking opportunities for students in Grade 10 and above. Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, and Mohammed Salim Ambalam, ...

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EDB signs MoU with Hamriyah Free Zone and Sharjah Airport International Free Zone to enhance bankability of startups and SMEs.

SHARJAH – The Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International Free Zone (SAIF) to provide financial support to small and medium-sized enterprises (SMEs) and startups operating in either of the free ...

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