The Department of Economic Development in Sharjah completed 8,977 licenses issued and renewed during the third quarter of this year, according to the data on business licenses issued and renewed in the department’s branches located in the cities and regions of the Emirate of Sharjah.
In detail, the number of issued and renewed licenses in the Industrial Branch reached 5978 during the third quarter of this year, while the Central Region branch came second with a total of 1661 licenses, and the Khor Fakkan branch came third with a total of 618 licenses, and the Kalba branch came fourth with a total of 607 licenses, then Dibba Al Hisn branch with 113 issued licenses and renewed.
Teams of commercial officers in the branches of the Department of Economic Development in the Eastern and Central Region and Industrial Zones carried out 38,140 supervisory visits during the third quarter, an increase of 84% over the same period in 2020, as these teams work continuously to ensure the safety of all economic practices in economic establishments in all regions of the emirate. The branches of the department have also intensified their role during the current period in order to ensure that all establishments comply with the instructions, circulars and policies regulating the practice of business within the precautionary and preventive measures.
In the context of the geographical distribution and the number of supervisory tours of the department’s branches during the same period, the Industrial Branch recorded the highest rate in the number of supervisory tours, with a total of 21,576 visits, while the number of tours in the Central Region branch reached 8,450 visits, while the number of visits in the Khorfakkan branch reached 3746. The number of visits in the Kalba branch reached 3302, and 1066 visits in the Dibba Al-Hisn branch.
Attractive investment environment
Sultan Abdullah bin Hadda Al Suwaidi, Head of the Department of Economic Development in Sharjah, explained that the movement of business licenses during the third quarter confirms the strength of the local economy and the attractiveness of the investment environment, which are indicators that indicate a sustainable growth for the economy of the Emirate of Sharjah, where the emirate has a strategy through which it seeks to maintain the pace Good growth rates during the next phase, which depend on attracting elements that include the distinguished geographical location, the great development witnessed by the service sectors, and the continuous development of services to match the highest international quality standards in terms of speed of delivery and access to dealers in the economic sector and investors in the emirate, and striving to complete transactions easily and conveniently. .
He stressed that the economic strategy adopted by the “Sharjah Economy”, which is in line with the directions of the wise leadership of the UAE, ensures the achievement of good growth rates and constantly developed, where work and development are continuing in all cities of the emirate and continuously from an urban renaissance that was clearly reflected on the development and development projects, which works To attract more visitors, boost the economy and increase investments in the Emirate of Sharjah.
Khalfan Al Harithi, Director of Branches Department, pointed out that the cities of “Al Sharqiya” are witnessing a remarkable investment movement, as the huge development projects launched by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah in the region, had a great impact on the economic sector. The indicators of the department for the last period show that the rates of issuing business licenses have achieved a remarkable increase of 18% compared to last year, which bodes well for a commercial and economic recovery in the region.
He stressed that the department’s provision of advanced digital services and the employment of the latest remote communication technologies to communicate with partners and the public of customers and ensure the provision of services to them smoothly and safely, contributed to encouraging and motivating their business and expanding their trade and economic activities in the emirate, in addition to other attractions from a distinguished geographical location supported by the continuity of movement The development, where a number of tourism and urban facilities and tourism and commercial projects were opened, which will contribute to increasing the demand for investment in them.