The Sharjah Economic Development Department (SEDD) has released its 2024 annual report, Sustainable Economy, offering a comprehensive overview of the emirate’s economic performance, sector developments, and strategic initiatives. The report serves as a key resource for stakeholders, investors, and entrepreneurs seeking insights into Sharjah’s business environment and sustainable growth achievements.
Economic progress and investment
Hamad Ali Abdullah Al Mahmoud, Chairman of SEDD, emphasised that under the guidance of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi and the oversight of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah has built a distinctive economic model that blends authenticity with modernity. This approach reflects a commitment to balanced economic and societal development and aligns with global best practices in competitiveness and innovation.
Fahad Ahmed Al Khamiri, Director of SEDD, highlighted the department’s achievements, noting that 71,318 economic licenses were issued or renewed in 2024—a 7% increase from the previous year. He added that these figures demonstrate confidence in Sharjah’s business environment and the emirate’s success in diversifying targeted economic sectors.
Strategic initiatives and sustainability
The report outlines SEDD’s ongoing efforts to achieve sustainable development through forward-looking policies and strategic action plans. Al Mahmoud explained that the department applies meticulous methodologies to anticipate future economic needs, enhance performance indicators, and maintain Sharjah’s global competitiveness.
Abdul Aziz Omar Al Midfa, Director of SEDD’s Government Communication Department, stated that the report monitors key economic indicators across the emirate, documenting developments and trends to assist decision-makers and investors. It also provides in-depth analysis across seven chapters covering investment, business licensing, competitiveness, economic sustainability, market oversight, digitalisation, development, and human capital investment.
Supporting the business ecosystem
SEDD continues to implement initiatives that empower businesswomen, attract foreign investment, and strengthen local industries. Al Khamiri emphasised that the department’s facilities and services aim to enhance economic continuity and drive growth across diverse sectors.
The 2024 Sustainable Economy report reflects Sharjah’s commitment to innovation, investment, and sustainable growth while serving as a vital guide for stakeholders navigating the emirate’s evolving economic landscape.
