Page 343 - MOE ENGLISH PR REPORT - MARCH 2025

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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 thriving ecosystem, with manufacturing now the
second-largest contributor to our GDP. Our emirate has 20 industrial areas, 7 free

zones, and over 2,900 factories, attracting significant investments within the
manufacturing sector, notably AED 826.4 million in 2024 alone. Recent investments,
including three new pharmaceutical factories worth AED 308.7 million; a AED 50

million investment from global glass manufacturer PureGlass; and AED 40 million by
IPT Energy; as examples, shows Sharjah’s appeal as well as our commitment to
innovation and growth.”