Sharjah’s Industrial Growth Shines with 2401 License Renewals Last Year

2401 licenses were renewed last year

Sharjah:Sharjah’s economy is on the path of growth through the industrial sector. The emirate has achieved more growth in the construction sector. Invest in Sharjah (FDI) officials informed this by participating in the second annual Emirates Economic Conference. The economic conference was organized in Sharjah in collaboration with the Ministry of Commerce and Industry, Ministry of Advanced Technology, ADNOC and Abu Dhabi Department of Technology.

Last year, 2401 industrial licenses were renewed in Sharjah. An annual increase of seven percent was recorded in license renewals. Sharjah’s construction sector contributes 16.7 percent of GDP. The fact that 35 percent of the UAE’s construction industry is in Sharjah proves the emirate’s progress in this field.

There are 33 industrial zones and six free zones operating in Sharjah. FDI says Sharjah is already making great strides in three-dimensional printing technologies, industrial automation, robotics and drones. Evaluation of the office.

Sharjah has more than one port in the Arabian Gulf. Diversified industries like petrochemical, plastic, metal, textile, printing, packaging, food processing are on the path of growth. Innovative manufacturing sectors are also starting in Sharjah. The conference explained the positive prospects of industrial investment in the emirate. Sharjah FDI should be part of the overall economic growth of the country by opening up new opportunities for investors. Office reminded. GCC The CEO of ‘Invest in Sharjah’ said that the aim of the authorities is to ensure the leading representation of Sharjah throughout the market. Muhammad Juma Al Mushraq explained in the conference.