Sharjah Economic Development Department (SEDD) released its Annual Report for the year 2023, showcasing its success in achieving exceptional growth in the targets of accelerating economic activities of all kinds. In 2023, the volume of issued and renewed business licences grew by 4.1 percent, totalling 66,365 licences. Issued licences made up 11.7 percent, while renewed licences comprised the majority at ...

Hamad Ali Abdullah Al Mahmoud, the Chairman of the Sharjah Economic Development Department, emphasized the crucial role that successful innovative projects led by Emirati citizens play in ensuring the ongoing and progressive economic transformation in Sharjah. His comment was made in reference to the report on the results of the first half of 2024 issued by the Sharjah Foundation for ...

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, ...

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 ...

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 ...

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’s Department of Statistics and Community Development (DSCD) has announced substantial growth in the emirate’s gross domestic product (GDP) for 2023. The preliminary estimates show a 6.5% surge, reaching approximately AED 145.2 billion, compared to 136.4 billion in 2022, which marked a 4.9% growth from 2021. The newly-revealed figures are based on estimates from the comprehensive economic survey conducted from ...

S&P Global Ratings has affirmed its ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings on the Emirate of Sharjah, a member of the United Arab Emirates (UAE). The outlook is stable. The stable outlook reflects S&P’s view that Sharjah’s government will introduce sufficient measures to begin stabilizing its net general government debt as a percentage of GDP ...

Highlighting the significant decision to transform Mleiha desert into a national park that will showcase the historic treasures of the region from 200,000 years ago, Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), has stated that the establishment of the Mleiha National Park reinforces Sharjah and Shurooq’s commitment to championing sustainability and preserving ...

Under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of Sharjah Executive Council, Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah inaugurated the 10th annual edition of the Sharjah International Travel & Tourism Forum (SITTF) on Wednesday in Expo Centre Sharjah, which was ...