Sharjah: Economic Snapshot 2023
Click here to read our Sharjah Economic Report and Investment Analysis 2023 online …
Sharjah Economy Sector Research Highlights
Sharjah Economy Sector Research Highlights
UK and GCC trade talks aim to strengthen renewable energy and food securityOBGplus
As part of plans to expand and diversify its global trade partners and fulfil their respective national development strategies, the GCC has launched negotiations with the UK on a free trade agreement (FTA). This partnership is expected to bolster the bloc’s economy, help attract investment and provide greater opportunities for local businesses. On June 22, 2022 the two parties signed a joint statement…
Sharjah's sustainable investment and tourism development support net zeroOBGplus
In recent years Sharjah has taken steps to align public financing with environmental and socio-economic priorities, leveraging local business’ expertise and inherent advantages. As such, the COP28 UN Conference on Climate Change hosted by the UAE in November 2023 presented a key opportunity for Sharjah to showcase its progress in advancing the UN Sustainable Development Goals (SDGs) and contributing…
Sharjah's start-up scene strengthened by new regulatory authorityOBGplus
Global venture funding reached $221bn in the first three quarters of 2023, marking a 42% downturn from $381bn invested over the same period in 2022. This slowdown is evident in seed and early-stage funding, which declined from $37.6bn in the third quarter of 2022 to $23.4bn in 2023. Despite the global downturn, the UAE has been successful in attracting foreign direct investment (FDI) in recent years,…
GCC pursues carbon capture and hydrogen to produce clean energyOBGplus
As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and cleaner sources of energy to make their activities less carbon-intensive and support the energy transition. Gulf NOCs’ low-cost production advantages and massive hydrocarbons resources mean…
UAE's green transition goals supported by advanced technologiesOBGplus
Sharjah is actively contributing to the global energy transition through its advancements in waste-toenergy technology and investment in innovative solutions. These efforts demonstrate the emirate’s commitment to creating a sustainable future. Green Power Sharjah’s BEEAH Group has made significant strides in exploring the intersection between waste management and power generation through its…
Sharjah's growing non-oil sector and cultural events among advantagesOBGplus
The third-largest emirate in the UAE after Abu Dhabi and Dubai, Sharjah stands as a prime manufacturing, cultural and education destination in the country. It is home to two amphitheatres, 16 museums, a variety of year-round festivals and University City of Sharjah, with more than 22 colleges and universities – all of which contribute to its distinct identity. Sharjah has a robust and diversified…
Sharjah's location and sustainable development projects bolster investment appealOBGplus
With its economy showing robust growth as it bounced back from the impacts of the Covid-19 pandemic, Sharjah is embarking on a new programme of investment and development. Already a major technology, health care, education and tourism centre for the UAE and the wider region, Sharjah has a unique geostrategic location – with ports and cities on both the Arabian Sea and Gulf coasts. Without major…
Sharjah at the forefront of renewable energy productionOBGplus
Sharjah’s energy sector is undergoing a period of dynamic change as the emirate develops its existing resources, and transitions towards clean and renewable energy sources. In pursuing its goals along with those of the wider UAE, Sharjah is well positioned to leverage its strategic location as a gateway to the Northern Emirates, making it a key centre for power transmission, gas pipelines and gas…
Where to stay in SharjahOBGplus
HOTEL HOLIDAY INTERNATIONAL Al Buhaira Corniche PO Box 5802 T: +971 6 573 6666 www.holidayinternational.com reservation@hhi.ae Rooms: 249 rooms including four accessible rooms. Business & Conference Facilities: Multilingual staff in business centre with secretarial service and four multipurpose event halls with poolside space to accommodate 3000 guests in outdoor events. Health & Leisure Facilities:…
