As hydrocarbons forms the backbone of Kuwait’s economy, the resurgence in global commodity markets bodes well for the future and has led to a renewed sense of optimism. The recovering market is also supporting the government’s diversification efforts under the auspices of the Kuwait National Development Plan, or New Kuwait.
Sharjah’s tourism sector benefits from a range of attractions, including its year-round warm weather, beaches, museums, proximity to Dubai’s shopping facilities and status as a regional cultural hub. The sector faced something of an oil price-related downturn in 2015 but has been showing signs of resurgent growth and is attracting substantial investment in the form of a range of...
Concentrated in two free zones and 19 industrial zones, Sharjah’s industry and manufacturing sector benefits from the emirate’s low cost base, developed infrastructure and connectivity, and proximity to facilities in Dubai. As a result, Sharjah is one of the most important industrial and manufacturing centres in not only the UAE, but also the wider GCC region. The contribution of the oil and...
The guide contains listings of some of the leading hotels and resorts in Sharjah, as well as contacts for important government offices and services. It also contains useful tips and information for first-time or regular and business and leisure visitors alike.
This chapter contains an overview of the legal and tax frameworks in which local and international investors operate in Sharjah, including a rundown of the free zones exempted from caps on foreign ownership and a summary of the new UAE-wide value-added tax of 5%. This chapter contains a viewpoint from Eslam Farouk and Nehad Farouk, Co-founders, Al FaroukInternational Intellectual Property...
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