Page 317 - MOE ENGLISH PR REPORT - MARCH 2025

(MoE), Ministry of Industry and Advanced Technology (MoIAT) and Sharjah’s Economic Integration
Committee; as well as leaders and experts from diverse sectors including investment, tourism,
manufacturing, technology, and entrepreneurship.
The Majlis also included the signing of three Memoranda of Understanding (MoUs) between Invest
in Sharjah and SRTI Park, Sheraa and Emirates General Petroleum Corporation (Emarat), and
between Invest in Sharjah and Alef Group aimed at enhancing innovation and the entrepreneurship
ecosystem as well as opportunities in the emirate’s property sector respectively.

The main focus of the Ramadan Majlis was on devising strategies to enhance the manufacturing
sector by examining opportunities and challenges through an open discussion with leading figures.
These efforts, while spotlighting exemplary models and success stories, reinforce Sharjah’s
expanding influence within the regional and global industrial arena, and the emirate currently
accounts for 35% of the UAE's total industrial output, underscoring its status in driving national
industrial growth and competitiveness.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade discussed the significant
economic status the UAE has achieved globally, highlighting the country’s comprehensive network
of partnerships, agreements, and cooperation protocols across various sectors, stating, “The CEPA
agreements are opening new doors for manufacturers in Sharjah, making trade an even more
significant driver of our economy. As we connect our markets to emerging economies in India,
Southeast Asia, Africa, and South America, for example, we are greatly expanding our reach and
actively shaping a strong global trade system. We're already witnessing a surge of global interest in
Sharjah, as it continues to attract businesses from around the world, and by leveraging these
agreements, our manufacturers can tap into new markets, diversify their export portfolio, and
position themselves at the forefront of global trade.”

On behalf of Sharjah’s Economic Integration Committee, Sheikh Fahim Al Qasimi, who leads the
committee, said: “Sharjah's economy is doing incredibly well and is evolving at an impressive pace,
with our GDP now over AED 145 billion, surpassing the global average by 3.5%. We're immensely
proud of the businesses that have found their home in Sharjah, especially those in the private
sector, that have been the backbone of our economy for over a decade, and there is a reason why
global giants such as Halliburton and Amazon have shown their confidence by investing in our
emirate. Our primary mission is to ensure greater integration and involvement within the
government, recognising that we can’t view business in isolation.”

Ahmed Obaid Al Qaseer, CEO of Shurooq, outlined the authority’s efforts in integrating
sustainability into tourism and hospitality projects, promoting economic growth and environmental
conservation, saying: “At Shurooq, we champion Sharjah’s sustainability goals, believing they are
central to our emirate’s future. Our cultural conservation efforts preserve heritage while meeting
modern tourism demands, and with tourism playing a significant role in Sharjah’s economy and
experiencing steady growth in hotel guests, sustainable tourism has proven to be a key driver of
economic diversification.

Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah, discussed the emirate’s initiatives in
attracting industrial investments, providing businesses with a supportive ecosystem and
competitive advantages. “Sharjah's manufacturing journey began in the 1970s and has grown into a

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