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Chapter | Media from The Report: Sharjah 2017

Home to the UAE’s largest Arabic-language newspaper, Al Khaleej, a growing number of local and regional television channels, popular radio stations, and a large publishing footprint in books and journals, Sharjah boasts a rich media environment. Despite all this, the establishment of media free zones in the federation’s two largest emirates in recent years – Dubai Media City and Abu Dhabi’s twofour54 – there has been a sense that Sharjah needs to up its game to continue to compete with its neighbours. To that end, the announcement in 2016 of a new media free zone to be built in Sharjah, along with plans for other media-friendly initiatives, has the potential to transform the emirate’s role in the UAE’s media landscape. This chapter contains interviews with Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Sharjah Media Council; and Khalid Omar Al Midfa, General Director, Sharjah Media Corporation.

Chapter | Infrastructure & Transport from The Report: Sharjah 2017

As both a national and regional transport and logistics centre, Sharjah benefits from advantages such as strong connectivity to other emirates and the wider world. The only member of the UAE federation to border all other emirates, it has the UAE’s only container port located outside the Straits of Hormuz. The importance of this facility and the emirate’s transport and logistics industry as a whole could be boosted in the long term by plans to develop a regional rail network, while its airport continues to see rapid growth, boosted by its status as the main hub for the region’s largest low-cost airline. This chapter contains interviews with Abdullah Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman, Federal Transport Authority; Adel Ali, CEO, Air Arabia; and Badr Jafar, CEO, Crescent Enterprises and Executive Chairman, Gulftainer.

Chapter | Industry & Energy from The Report: Sharjah 2017

With limited oil and gas resources by regional standards, Sharjah has had to look to other sectors to build a robust and diversified economy. Chief among these has been industry and manufacturing, and the emirate has emerged as an important centre for industry in the Middle East, with the sector contributing around 17% of its GDP and around one-third of manufacturing activity in the UAE as a whole. This chapter contains interviews with Abdullah Sultan Al Owais, Chairman, Sharjah Chamber of Commerce and Industry; and Majid Jafar, CEO, Crescent Petroleum.

Chapter | Financial Services from The Report: Sharjah 2017

Sharjah’s financial services sector has grown at an average rate of 12.7% per year over the past half-decade to reach 10.3% of GDP in 2015, in line with the figure for the UAE as a whole. It primarily consists of four locally headquartered banks and two locally based insurance companies, though institutions based in other emirates are also active in the local market. Assets of locally headquartered banks contracted slightly in the first nine months of 2016 as non-performing loans in the small and medium-sized enterprise segment saw banks take provisions and scale back lending, but assets remained well above their 2014 levels, with profits recovering at some institutions that had suffered in 2015. Premiums and profits at locally headquartered insurance firms have meanwhile risen in recent years. This chapter contains an interview with Ahmad Saad, Deputy CEO, Sharjah Islamic Bank.

Chapter | Tourism & Culture from The Report: Sharjah 2017

Sharjah is a key regional destination for family and cultural tourism, attracting visitors particularly from the Gulf, Europe and Asia, and the industry is a substantial contributor to the local economy. Restaurants and hotels contributed Dh2.78bn ($756.7m) to the economy in 2015, up from Dh2.49bn ($677.8m) the previous year, reaching 3.2% of the emirate’s GDP. Sharjah is working to further expand the sector through a wide range of development projects, including efforts to develop niches such as resort, heritage, nature and adventure tourism in both Sharjah city and its environs, as well as the eastern parts of the emirate and Sir Bu Nuair Island. This chapter contains interviews with Marwan Al Sarkal, CEO, Sharjah Investment and Development Authority (Shurooq); and Khalid Jasim Al Midfa, Chairman, Sharjah Commerce and Tourism Development Authority.

Chapter | Education from The Report: Sharjah 2017

In recent years the UAE has emerged as a centre for higher education within the GCC, with strong government initiatives, impressive infrastructure, a growing number of international collaborations and a multicultural student body. Within the federation, Sharjah is increasingly regarded as a key location for tertiary studies, home to its sprawling University City and two of the UAE’s most prestigious institutions, the University of Sharjah and the American University of Sharjah. Primary and secondary education in the emirate is meanwhile undergoing strong growth in both public and private schools, requiring investment and a re-evaluation of priorities. This chapter contains an interview with Björn Kjerfve, Chancellor, American University of Sharjah.

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