Economic Snapshots

Accounting for just over 3% of the territory of the UAE, Sharjah is the federation’s third-largest emirate and has long played an important cultural and economic role in the region. Home to a growing network of free zones, the emirate punches above its weight in terms of commerce and is highly diversified by regional standards, with oil and gas contributing less than 6% to GDP and no individual sector accounting for more than 20%. The authorities have also been undertaking a range of measures to boost foreign investment flows in recent years, supported by competitive advantages such as strong connectivity and low operating costs by regional standards.