Economy

At a time when the Kingdom of Saudi Arabia’s National Transformation Plan is well underway to reduce the nation’s public-sector dependence by 2030, a high-profile delegation from Sharjah has visited two major cities of the Kingdom – Jeddah and Mecca, on November 26-27, to explore prospects for new partnerships in non-oil sectors, which will drive regional growth. The Sharjah FDI ...

Mohamed Juma Al Musharrkh, CEO of the Sharjah FDI Office underscored that among the diversified set of topics the forum will cover is UAE’s position at the global investment map and discuss the best of developed and emerging markets. Stressing upon adaptability, he elucidated that staying abreast of technology, lifestyles, and changing managing systems is the solution. He also explained: ...

The sixth meeting of the UAE – India High Level Joint Task Force on Investments was held on Monday in Mumbai to review the progress on agreed actions from the previous meeting held in Abu Dhabi in January 2018 and to elaborate a number of new key issues of mutual importance. The meeting was co-chaired by Sheikh Hamed bin Zayed ...

More than 25 percent of the world’s 500 largest companies have UAE as the regional base of their operations in the Middle East and North Africa in yet a new sign attesting to the prestigious position boasted by the country as one of the world’s most preferred investment hubs. According to the UNCTAD World Investment Report, the UAE came 30th ...

Al Saja’a Industrial Oasis (ASIO) has announced a special incentive of a payment plan in a bid to facilitate investors and businesses to set-up new trade in Sharjah or expand by taking advantage of its strategic location, world Class infrastructure and attractive payment plans. Announcing the new payment plan option, Ahmed Juma Al Musharrekh, Acting Director – Commercial at Sharjah ...

The Sharjah Chamber of Commerce and Industry (SCCI) has continued the activities of its official trade mission to Portugal by organising field visits to some of the leading commercial and industrial enterprises in Lisbon, in order to review opportunities of joint cooperation, industrial integration and to review the best practices. The trade mission also concluded its visit to Portugal with ...

Under the directives of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah, the Sharjah Investment and Development Authority (Shurooq) recently announced the launch of the development and redesigning project of Khorfakkan Beach. The project aligns with Shurooq’s strategy to integrate tourism and family destinations across the emirate of Sharjah. The project ...

The Sharjah Investment and Development Authority (Shurooq) has bagged this year’s ‘Excellence in Quality’ Award at a landmark international business event, the Business Triumph Festival 2018, hosted by the Summit of Leaders in Cannes, France. Marwan Alichla, Investment Promotions Manager at the Sharjah FDI Office (Invest in Sharjah) received the award on behalf of Shurooq in the presence of top ...

Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department (SEDD), received Saif Humaid Al Falasi, Chief Executive Officer at (ENOC) Group, at SEDD main headquarter. The meeting comes within the framework of strengthening areas of cooperation between the two sides. Welcoming ENOC delegation, SEDD Chairman emphasised the importance of holding such meetings in enhancing cooperation and coordination ...

Saja’a Permanent Access Road to connect strategically located Saja’a Industrial Investment Park, Gulftainer’s first leasehold initiative, with Port Khalid, Hamriyah Port, KhorFakkan Port Gulftainer, the world’s largest privately owned independent port operator based in the UAE, will host a ceremony to commence the construction of the Saja’a Permanent Access Road. The company’s investment in the road extension aligns with its ...