SEDD Highlights Economic And Investment Opportunities In Sharjah During Workshop With Oman

The Sharjah Economic Development Department (SEDD) recently conducted a virtual workshop in collaboration with the UAE Embassy in Oman and the Oman Chamber of Commerce and Industry (OCCI). This initiative aimed to highlight economic sectors and investment opportunities in Sharjah. The event sought to strengthen economic ties between Sharjah and Oman, fostering cooperation and exploring new investment avenues.

Officials, representatives from government and private sectors, and investors from diverse fields attended the workshop. The event showcased investment prospects in Sharjah, highlighting successful ventures in manufacturing, supply chains, industrial zones, transformation industries, and more. These discussions underscored the emirate's commitment to creating an ideal business environment.

Hamad Ali Abdalla Al Mahmoud, SEDD Chairman, emphasised Sharjah's dedication to providing a favourable investment climate. He noted that ensuring business continuity encourages companies to expand their operations. This approach aims to attract more investments by adopting policies that facilitate investor procedures and stimulate economic growth.

Al Mahmoud attributed these efforts to the wise directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Additionally, H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, supports these initiatives as part of enhancing economic sustainability.

The workshop featured a presentation by Dr. Amr Saleh, Economic Advisor at SEDD. Masoud Obaid Al Mazrouei, Head of Economic Affairs Section at the UAE Embassy in Oman, along with officials from OCCI, participated in the session. The presentation covered developments in licences and establishments in Sharjah over the past decade.

It also discussed investment indicators in the emirate, trade exchange volume between both sides, ongoing major projects, promising investment sectors in Sharjah, and opportunities within existing projects. These insights provided a comprehensive overview of Sharjah's economic landscape.

Enhancing Bilateral Cooperation

The workshop also explored ways to enhance cooperation between the two regions in priority sectors such as industrial and commercial investments. Participants stressed the importance of exchanging expertise and knowledge between economic institutions in both countries to foster mutual growth.

At the conclusion of the workshop, attendees highlighted the need for continued coordination and active communication platforms between investors and businesspeople from both nations. This collaboration aims to enhance the investment environment further while supporting trade exchanges.

The participants agreed that such efforts would contribute significantly to transferring knowledge and consolidating a sustainable economic partnership that aligns with both parties' goals.

With inputs from WAM