Page 359 - MOE ENGLISH PR REPORT - MARCH 2025

3/18/25, 1:33 PM Sharjah Ramadan Majlis Discusses Ways To Develop Economy | Pakistan Point
(Sheraa), and the Sharjah Research, Technology, and Innovation Park (SRTI Park). This high-
profile gathering brought together an impressive array of
senior government officials from the UAE’s Ministry of Economy (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
https://www.pakistanpoint.com/en/story/1940827/sharjah-ramadan-majlis-discusses-ways-to-develop-econom.html 2/3