Sharjah Economic Development Department “SEDD” and a number of government agencies in Sharjah discussed strengthening coordination and cooperation between them, based on the recommendations of the Executive Council in its session No. 37-2021 held on November 2, 202. Such thing was done in order to coordinate between government agencies to develop common policies, and to unify efforts to attract investment in the emirate.

This came during a meeting held by SEDD with several government agencies in the emirate, including Sharjah Ports, Customs and Free Zone Authority, Sharjah Commerce & Tourism Development Authority, Sharjah Chamber of Commerce and Industry, Sharjah Investment and Development Authority “SHUROOQ”, and Sharjah FDI Office (Invest in Sharjah).

 The meeting reviewed the marketing mechanisms for Sharjah’s economy, the identification of target markets, and the preparation of mini-feasibility studies on some investment opportunities in the emirate. It was done in a way that encourages running businesses in various economic sectors in Sharjah due to the practical mechanisms and frameworks that harmonize the requirements of growth and meet the needs of investors, supported by the launch of many services that have added value to the local economy.

During the meeting, they discussed the strategic plans of the concerned parties related to economic work, the challenges facing the economic development in the emirate, the necessary incentives to attract investment, and the development of programs to stimulate investment.

For his part, Abdelaziz Omar Al Midfa, Deputy Director of Government Communication Department at SEDD, said that His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, calls for providing all the necessary support to achieve the desired vision. Also, he praised the role of the Executive Council and its efforts headed by HH Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Chairman of the Executive Council, in setting the necessary plans and strategies for the advancement of the Emirate in various fields and achieving all visions and aspirations.

In addition, Al Midfa said that this meeting provided an opportunity to exchange experiences and visions in an effort to develop clear frameworks for economic planning in line with the requirements of comprehensive and sustainable development in Sharjah in particular and UAE in general. Also, he stressed that it is important to encourage all sectors to contribute to the development of the business environment and enhance the country's attractiveness to foreign direct investment.

On the other hand, Mariam Nasir Al Suwaidi, Deputy Director of Industrial Affairs Department at SEDD, stated that Sharjah’s Economy is growing fast with positive indicators. This reflects the efforts and plans placed by the government to attain diversified and sustainable economy base on diversifying income and resources, attracting foreign direct investment, and developing non-oil sectors from manufacturing and foreign trade based on the growth of exports. It is also based on establishing and developing logistical, banking and tourism services, in addition to real estate development, transportation, aviation, and communications.

Likely, Ahmed bin Saed Al Suwaidi, Deputy Director of Commercial Affairs Department at SEDD, stressed on the importance of these meetings, which enhance cooperation and coordination to contribute to achieving sustainable economic development in the Emirate. He pointed out that SEDD will continue to coordinate with all parties related to the economic aspect in Sharjah by informing them of the latest developments in the economic area, according to the directives of Sharjah Executive Council.

Furthermore, Mohamed Juma Al Musharrakh, CEO of Sharjah FDI Office (Invest in Sharjah), illustrated that conducting meetings between concerned entities in the economic, tourism and investment affairs in Sharjah comes from the role in enhancing the attractiveness of the emirate's economy and supporting its position on the business map and global competitiveness.  This is done through coordinating efforts between these institutions to develop mechanisms that help identify economic and investment opportunities, including vital sectors that meet the requirements of investors and ways to promote them, in addition to exploring more markets and economic and investment partnerships that promote the integration of the emirate's economy into the global economy.

Additionally, Al Musharrakh affirmed the commitment of Sharjah FDI Office (Invest in Sharjah) to enhance the emirate's efforts to provide a world-class and integrated investment climate capable of attracting investors and entrepreneurs from all over the world to make Sharjah a center for expanding their business towards regional and global markets.

Moreover, Ahmed Obaid Al Tunaiji, Director of Standards Department at Sharjah Commerce & Tourism Development Authority, said that stimulating participatory and integrated efforts between government agencies in Sharjah through holding meetings is very important. He added that such meetings contribute to the development of work mechanisms and development plans, promoting the growth of the Sharjah’s economy and offering effective solutions for all challenges, and turn them into opportunities that can be beneficial for the future. Also, Al Tunaiji intensified that the tourism sector is a major contributor to the prosperity of Sharjah's economy and the consolidation of its global competitiveness in this field. He carried on that such sector will achieve more achievements during in the future through cooperation with all government agencies.