Page 342 - MOE ENGLISH PR REPORT - MARCH 2025

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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.”