The Sharjah Economic Development Department has released its annual report for 2024, titled “Sustainable Economy.” This report provides a comprehensive review of key developments and events across various economic sectors, along with the initiatives undertaken by the department. A notable highlight is the issuance and renewal of 71,318 economic licenses, reflecting a growth of 7%. As the economic landscape evolves, this report serves as a vital tool for stakeholders in the emirate’s economy, emphasizing the significance of these licenses in Sharjah for 2024.
Key Developments in Economic Sectors
In his remarks, Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department and a member of the Executive Council of Sharjah, noted that the emirate has established a unique economic model that harmonizes tradition with modernity. This vision, guided by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, aims for balanced and sustainable economic growth that encompasses both social and economic dimensions. The policies and initiatives outlined in the report are rooted in strategic plans designed to achieve comprehensive sustainable development, paving the way for a future-oriented economy that aligns with global best practices in competitiveness and innovation.
Strategic Planning for Sustainable Development
Al Mahmoud also emphasized the importance of structured methodologies in achieving sustainable development goals. The department remains committed to fostering a future of excellence and leadership, ensuring global competitiveness and enhancing performance metrics across various fields. Through meticulous annual reporting, the department showcases its achievements in economic development, reflecting its commitment to continual improvement that aligns with its strategic objectives and aspirations for providing exceptional economic services. The release of the annual report serves as both a testament and a roadmap for ongoing growth.
Accelerating Economic Activities
Fahd Ahmed Al Khamairi, Director of the Sharjah Economic Development Department, reported remarkable successes in accelerating various economic activities. The issuance and renewal of 71,318 economic licenses marked a 7% growth compared to the previous year, highlighting ongoing confidence in the business environment and the diversification of target sectors. Al Khamairi pointed out that the department is committed to providing numerous facilitations that bolster the continuity of development across different domains, strengthening the resilience of the economic and industrial sectors. The department continues to adopt advanced systems and technologies, such as “Smart Investor” and government accelerators, while maintaining a strong focus on business continuity quality management to ensure high-quality service delivery in the business environment.
Economic Indicators and Insights
Abdul Aziz Omar Al Mudaifi, Director of Government Communications at the department, remarked on the significance of the annual report in reflecting the emirate’s development. It fulfills the need for data, statistics, and analyses that assist investors and decision-makers. The report captures essential economic indicators in Sharjah, documenting the emirate’s evolving economic landscape. It enables stakeholders to access valuable insights and anticipate future economic trends, thereby validating the ongoing efforts to enhance economic development and growth within the emirate.