Invest in Sharjah
SharjahSharjah has many factors that make it attractive to investment. They include the many incentives, facilities and privileges given to investors which complement the availability of reasonably cheap labor, and the abundance of infrastructure services.
Why invest in Sharjah?
The government of Sharjah recognizes and encourages the role of the private sector in building a strong economy, and welcomes foreign investment in various manufacturing, trade and service sectors.126 countries currently have trade relations with Sharjah and the emirate is vigorously pursuing a policy of building closer economic relations with other countries as well. As a key player in the global investment scenario, facilities have evolved and been upgraded by the government to suit the business climate and augment efficiency.
The necessary impetus has made the economy a vibrant destination for commerce.
The presence of local and foreign banks, quality communication systems and other essential modernized services has added to the continuous positive trends in the business climate in Sharjah.
An Ideal Business Hub
Sharjah has established and stabilized policies that foster continuing development. The emphasis is on sustainable and balanced growth between the various sectors, and on maintaining mutual links that enable each sector to adequately support and serve the other. The government of Sharjah has developed the required platform to place the emirate at the forefront of industrialization in the UAE, by implementing ambitious schemes. In recent years, quality enhancement measures have included the construction of dedicated industrial areas, the implementation of improvements to the road infrastructure, the redevelopment and expansion of Sharjah International Airport, and the upgrading of power and water facilities. An Ideal Business Hub..
Economy
Sharjah is working hard to build on its economic strengths and to develop new ones. Industry is at the heart of the emirate’s economy, although it also has reserves of oil and gas and a flourishing real estate sector. In addition, it is developing its hydrocarbons sector, courting more industrial companies and promoting itself as a destination for tourism, a logistics and education center, and the cultural heart of the UAE.
Gross domestic products (GDP) of Sharjah emirate registered a 19 percent growth in 2006. The Sharjah GDP has reached around AED 42.5 billion for 206, compared to AED 35.7 billion for 2005, achieving an increase of 19 percent. This is a further proof for the success of our investment plans which we have prepared and which have now translated to generating a continuous economic growth for our emirate.
The policy of Supreme Council Member and Sharjah Ruler Sheikh Dr. Sultan Bin Mohammed Al Qassimi has provided investment environment that is attractive to various kinds of economic activities, which has made the emirate the most ideal place for various economic sectors including commercial, industrial and tourism.
