Sharjah: Economic Snapshot 2023
Click here to read our Sharjah Economic Report and Investment Analysis 2023 online …
Click here to read our Sharjah Economic Report and Investment Analysis 2023 online …
Sharjah stands out as a prime destination for manufacturing, culture and education. Its economy is nearly 96% non-oil based, and the emirate hosts six specialised free zones, offering flexible investment options and advanced infrastructure. In 2022 Sharjah's population reached 1.8m, with a focus on a young, urban demographic. The emirate's commitment to economic diversification is evident through initiatives…
Sharjah is experiencing robust economic growth after rebounding from the impacts of the Covid-19 pandemic. The emirate’s unique geostrategic location and strength in technology, health care, education and tourism make it well positioned for further development. Additionally, Sharjah has thriving manufacturing, construction and real estate sectors supported by free zones and industrial parks. Sharjah's…
Strategically positioned as a global centre for culture and tourism, Sharjah is looking to leverage its emerging and established arts, ecotourism, and adventure offerings. Infrastructure expansion projects such as airport upgrades and road projects have attracted investors, and heritage preservation efforts such as the Heart of Sharjah project underscore this commitment. Aligned with the UAE's tourism…
Sharjah's financial services sector features prominent banks and a thriving insurance industry. The financial technology space is also advancing, propelled by national strategies promoting digital finance and Sharjah's commitment to innovation. The sector is subject to Emiratisation policies, with an aim for the sector’s workforce to include 45% Emirati nationals by 2026. Additionally, the UAE's…
Sharjah has emerged as a centre for higher education in the GCC and is home to two universities ranked in the top 500 globally. Federal restructuring has led to the establishment of key entities such as the Federal Authority for Early Childhood Education, indicating a comprehensive approach to education reform. Noteworthy initiatives include the introduction of Ajyal Schools blending national and US…
Sharjah is positioning itself as a prominent centre for health care and wellness, backed by government commitment and investment in Sharjah Healthcare City. With a focus on preventive care and strong partnerships between academia and industry, Sharjah aims to meet growing demand in the region. Recent developments include a new wellness centre and plans for a medical district, reflecting the emirate's…
Sharjah is playing a crucial role in the UAE's drive to achieve net-zero carbon emissions by 2050, leveraging its strategic location. The emirate is emphasising carbon capture and storage, renewable energy sources, waste-to-energy initiatives and sustainable finance to support its green programmes. The energy transition in Sharjah aligns with the UAE Energy Strategy 2050. This framework focuses on…
Situated strategically in the UAE, Sharjah is a pivotal hub for transport and trade, bordering both the Gulf and the Gulf of Oman. Home to the country’s inaugural international airport and three major ports, Sharjah invests in sustainable transport aligned with the UAE's 2031 plan for advanced infrastructure. The ongoing SkyWay project, a revolutionary hanging railway system, aims to reduce congestion.…
Sharjah has a diverse and flourishing economy, primarily driven by small and medium-sized enterprises. However, larger corporations are also attracted to the emirate due to its financial incentives. Sharjah's commitment to industrial development is evident in its tailored policies and legislation, as well as its numerous free zones and initiatives like Operation 300bn, aimed at boosting the sector's…