Page 349 - MOE ENGLISH PR REPORT - MARCH 2025

3/18/25, 1:33 PM Sharjah Ramadan Majlis discusses ways to develop economy
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."

Commenting on the support of entrepreneurs and fostering innovation, Sara

Abdelaziz Al Nuaimi, CEO of Sheraa, highlighted Sheraa's role in enhancing the

startup ecosystem in Sharjah. "The Ramadan Majlis is a yearly reminder of

Sharjah's commitment to shaping the future through innovation, entrepreneurship,

and collaboration. As we gather again, we celebrate our ecosystem's progress and

the entrepreneurs' boundless potential to drive meaningful change. At Sheraa, we

remain committed to empowering these changemakers and providing them with the

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