As both a national and regional transport and logistics hub, Sharjah benefits from advantages such as its strong connectivity to other emirates and the wider world. It is the only member of the UAE federation that borders all other emirates, and it boasts the UAE’s only container port to be located outside the Straits of Hormuz. The importance...
Traffic congestion is a significant problem in Sharjah, with traffic to and from Dubai during rush hour being a particular issue due to the large number of people that live in Sharjah and commute to the neighbouring emirate. However, a range of road construction projects aimed at boosting capacity and improving traffic flow have recently been...
The UAE federal government is hoping to attract $100bn in investment in environmental enterprises into the country by 2020. On the emirate level, the Sharjah Investment and Development Authority (Shurooq) estimates the emirate’s environmental market potential at Dh960m ($261.4m) in 2017 and that it will grow to Dh1.13bn ($307.7m) by 2020....
Manufacturing accounted for 16.5% of Sharjah’s GDP in 2015, making it the second-largest of the seven individual sectors for which data is available, behind real estate with 22%, according to ratings agency Moody’s November 2016 outlook for the emirate. The figure is broadly unchanged in recent years, having consistently stood at between 16%...
With limited oil and gas production by regional standards, Sharjah has had to look to other sectors to build a robust and diversified economy. Prominent among these has been industry and manufacturing, and the emirate has emerged as an important Middle Eastern industrial hub, with the sector accounting for around 17% of Sharjah’s GDP and...
Small and medium-sized enterprises (SMEs) are a key contributor to the economies of both Sharjah and the UAE as a whole. Approximately 54,000 of the UAE’s 350,000 smaller businesses are based in the emirate, accounting for 86% of the private sector workforce. According to the Ministry of Economy, the segment further accounts for around 60% of...
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