SCC Committee Explores Strategies To Enhance Economic Growth In Sharjah

The Sharjah Consultative Council's Financial, Economic, and Industrial Affairs Committee recently met with Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry. The meeting aimed to explore ways to enhance Sharjah's economic sector and improve its business environment. This gathering aligns with the Chamber's mission to create an attractive investment climate that supports sustainable economic growth.

Discussions focused on diversifying investment opportunities and boosting trade cooperation with various markets. Emphasis was placed on advancing economic legislation to facilitate business operations, attract more investments, and elevate Sharjah’s competitiveness regionally and internationally. These goals align with the leadership's vision of positioning the emirate as a leading economic hub.

The meeting also addressed challenges in different economic sectors, proposing innovative solutions to support entrepreneurs and SMEs. Recognising their crucial role in the national economy, these discussions aimed at enhancing their contributions. Strategies were discussed to bolster the industrial sector's contribution to Sharjah’s GDP, focusing on diversification and sustainability.

Sharjah’s industrial zones and free zones were highlighted for their role in boosting productivity and opening new markets. The need for incentive schemes to attract investors was emphasised to enhance Sharjah’s competitiveness as a regional economic centre. The discussions underscored the importance of these zones in driving economic growth.

Abdullah Sultan Al Owais reaffirmed the Chamber’s commitment to initiatives that enhance Sharjah’s business landscape. He noted that ongoing efforts by legislative and executive bodies would improve the investment climate and boost competitiveness across various sectors. This commitment is crucial for positioning Sharjah as a global economic destination.

Rashid Abdullah bin Huwaiden, Chairman of the Financial, Economic, and Industrial Affairs Committee, highlighted the committee’s dedication to supporting Sharjah’s business environment. He stressed the importance of collaboration between public and private sectors in driving sustainable economic development through joint efforts.

Enhancing Business Environment

The meeting was described as a valuable opportunity to address challenges facing different sectors and develop innovative solutions that streamline processes. Rashid Abdullah bin Huwaiden emphasised that Sharjah offers a well-developed investment environment supporting entrepreneurship with high-quality opportunities for local and international investors.

He reiterated the committee’s commitment to monitoring key economic issues closely while coordinating with relevant authorities. This ensures policies and regulations are developed effectively to drive economic growth. Cooperation remains essential in achieving Sharjah's vision for a diversified and sustainable economy.

The meeting took place at the Chamber’s headquarters in Sharjah, attended by Rashid Abdullah bin Huwaiden along with committee members Dr. Fatima Khalifa Al Mukarrab, Amer Mohammed Al Zarouni, Engineer Nabil bin Butti Al Muhairi, Abdullah Tarish Al Ketbi, Tariq Murad Mirza Al Balushi, Mohammed Abdullah Al Balushi, officials from the Chamber, and members of the Consultative Council.

With inputs from WAM