Page 355 - MOE ENGLISH PR REPORT - MARCH 2025

3/18/25, 1:33 PM Sharjah Ramadan Majlis Discusses Ways To Develop Economy - UrduPoint

TAP TO UNM

Advertisement

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 support, resources, and community

https://www.urdupoint.com/en/middle-east/sharjah-ramadan-majlis-discusses-ways-to-deve-1940827.html 4/6