Page 6 - Al Tijarah - February 2019
P. 6

Sharjah's industrial production touched

                                      Aed 41 billion in 2018

       48  Industrial production in Sharjah reached

         AED41 billion last year, according to
         the Sharjah Economic Development
         Department, SEDD.

         The industrial licences indicator showed
         some    remarkable  achievements,
         whereas the number of issued industrial
         licences grew by 14 percent in 2018 as
         compared to 2017 with 174, and 1890

         According to a report from the
         department,  the  contribution  of
         manufacturing industries to GDP
         reached AED15.7 billion, representing
         17 percent of GDP, while the sector
         witnessed new industrial growth in   towards sustainable economic growth   the development of industrial investment
         different parts of the emirate. Thus, the   and building a productive economy in   in the emirate.
         index grew in the city of Khor Fakkan   accordance with the vision of H.H. Dr.
         and Kalba by 200 percent, while the   Sheikh Sultan bin Mohammed Al Qasimi,   She clarified that the Industrial Affairs
         volume of industrial growth in Al Dhaid   Supreme Council Member and Ruler of   Department had achieved many results
         reached 46 percent.               Sharjah.                           in 2018 as it continued field visits,
                                                                              monthly communication, and meetings
         Sultan bin Abdullah Al Suwaidi, SEDD   Al Suwaidi pointed out that the industrial   with investors in order to develop and
         Chairman, stressed that the industrial   growth in the emirate is in line with   support the industrial sector within the
         sector is one of the most important   the economic diversification process in   Emirate of Sharjah. The Department also
         components of the economy in the   the country, where small and medium   contacted 1,123 of the Department's
         Emirate of Sharjah. The sector continues   enterprises play a very important part of   customers and conducted 218 field visits
         to grow steadily. Also, it helps to   the diversity system, which is the largest   to discuss the challenges and difficulties
         introduce  modern technology,  which   of the global economies. In addition,   encountered in the industrial sector
         provides the sector with competitive   the emirate provides a safe and stable   and on how to provide facilities for new
         factors with the global industrial sectors.  environment for business, encouraging   companies to open bank accounts.
                                           many foreign investors to work in the
         He added that the department was   emirate.                          She  explained that  the  department
         keen to develop a map of industrial                                  had signed and activated a number
         investment in the emirate in cooperation   Mariam Naser Al Suwaidi, Deputy   of agreements, launched a number
         with  the  concerned  government  Director of Industrial Affairs in SEDD,   of  initiatives  to  support  the  industrial
         agencies seeking to attract more   said that Sharjah is an ideal investment   sector in Sharjah, and strengthened its
         investments to the emirate. He stressed   environment, especially in the industrial   strategy to support the industry and
         the absolute commitment of the    sector,  as  it  provides  investors  with   develop  the  domestic export  sector
         department to adopt best practices that   facilities and quality services. The emirate   by working with industrial companies
         will create a competitive environment   is also one of the largest industrial areas   in various sectors and harnessing all
         to attract and attract investments to   in UAE. In addition, SEDD pays great   support services required to achieve
         Sharjah. Such a thing helps in moving   attention to adopting a clear strategy for   growth that operates in global markets.
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