Page 1 - Al Tijarah - March 2019
P. 1

Q1 2014




                                                                                                 March - 2019
                                                                                    Key Highlights

                                    Published by Sharjah Chamber of Commerce and Industry – Volume 48 - Issue 3
                                                                                      amongst the business community. The positive outlook is driven by upbeat expectations on real business activity (volumes)
                                                                                      and hiring.
                                                                                      96% of the businesses expect the overall business situation to improve or remain stable in the Q1, 2014 compared to the
     The “Al Mamsha” project .. an integrated residential
                                                                                      previous quarter
               community keeping pace with modern life
                                                                                      followed by Manufacturing and Trade & Hospitality companies.

                                                                                      Overall, selling prices are expected to remain stable as a majority i.e. 59% companies are expecting no change on this
                                                                                      parameter.
                                                                                      The outlook on employment is strong, with 38% businesses expecting to hire in Q1 and 59% expecting to maintain their
                                                                                      hiring.


                                                                                      optimism levels on this parameter.

                                                                                      expect  to  expand  the  capacity  of  their  businesses  while  another  55%  are  inclined  towards  investment  in  technology
                                                                                      upgrades.
                                                                                      Large businesses are observed to be more optimistic than SMEs  on all the parameters constituting the overall Business
                                                                                                                                    1


                                                                                      in export sales.
                                                                                      The current survey shows that a majority i.e. 43% of the businesses in the sample cited no challenges impacting their
                                                                                      operations in Q1, 2014, thus reiterating Sharjah’s robust and conducive  environment  for doing business
                                                                                      Many of the large businesses in the survey believe that the recently acquired high sovereign credit rating would help to
                                                                                      raise Sharjah’s  image as an attractive investment destination and will have a positive impact on the Emirate’s business and
                                                                                      economic environment


                                                                                    Study Methodology
                                                                                                                                  The  survey  included  adequate  participation  from  both  SMEs
                                                                                    that measures the pulse of the business community and serves   (90% of sample) and large businesses (10% of sample) in Sharjah.
                                                                                    as a reliable benchmark for Businesses, Government Institutions,
                                                                                    Banks and Potential Investors.                The sample includes companies from the following sectors:

                                                                                    The  survey  for  Q1,  2014    was  conducted  with  inputs  from        Construction (50)
                                                                                                     2
                                                                    Sharjah Chamber of Commerce & Industry                              Finance, Real Estate & Business Services (100)
                                                                                    500  companies  across  the  Emirate  of  Sharjah.  The  sample
                                                                                    included a mix of small, medium and large enterprises, ensuring        Manufacturing (100)
                                                                                    adequate representation from various sectors of the economy        Trade & Hospitality (200)
                                                                                         SharjahChamber
                                                                                    proportionate to their respective contributions to Sharjah’s GDP.        Transport & Storage (50)
                                                                                    1  In the context of this study, SMEs in Sharjah are defined as companies with less than 100 employees.
        Dr. Faisal Ali Mousa: Sharjah is                                            2  For the purpose of the survey, each quarter is defined as follows: Q1 is the period between January and March, Q2 is the period between April and June, Q3 is the period
                                                                                         Sharjah.chamber
                                                                                    between July and September, and Q4 is the period between October and December of each year.
        an incubating environment for
                                                                                             Shjchamber
        real estate investment

                                                  www.sharjah.gov.ae
   1   2   3   4   5   6