According to the report issued by Sharjah Economic Development Department “SEDD”, the industrial production of Sharjah reached 41 billion dirhams last year. Therefore, the Department attained great achievements and results in the area of industrial licenses indicator through 2018 whereas the number of issued industrial licenses grew by 14% in 2018 compared to 2017 with 174 licenses issued, and 1890 ...

Continuing to play a key role in educating, guiding and supporting new entrepreneurs across the emirate, the Sharjah Entrepreneurship Center (Sheraa) and Sharjah Chamber of Commerce and Industry (SCCI), have signed a Memorandum of Understanding (MoU) to further develop the entrepreneurship ecosystem. The MoU, signed by H.E Najla Al-Midfa, CEO of Sheraa, and H.E Abdallah Sultan Al Owais, Chairman of ...

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: ...

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 ...

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 ...

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 ...

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 recent Moody’s rating for Sharjah will impact positively on the emirate’s business environment as well help in attracting investments, according to the chairman of Sharjah Economic Development Department (SEDD). Sharjah’s rating of A3 by Moody’s Investors Service is based on the increased government revenue, stability of the budget indicators and high gross domestic product (GDP) per capita, Sultan Abdullah ...

The Sharjah FDI Office (Invest in Sharjah) and senior officials from business departments in Sharjah have met with top Dutch investors and national commercial entities at the ‘Sharjah–Netherlands Business Seminar’ in Rotterdam on Wednesday (May 9), sharing latest insights about Sharjah’s rapidly transforming economic experience, which has seen a given rise to lucrative business opportunities in a diversity of non-oil ...

Sharjah FDI Office (Invest in Sharjah), the investment promotion arm of the Sharjah government has unveiled that the emirate’s performance in attracting foreign direct investment (FDI) in various economic sectors has seen a sharp increase of 102 percent between 2016 and 2017, with FDI inflows worth USD 1.622 billion (AED 5.97 billion) last year as compared to USD 808 million ...