Sharjah’s economy grew by 8.4 per cent in 2024, nearly three times the global average of 3 per cent, reinforcing its reputation as one of the UAE’s most vibrant investment destinations.
The data, unveiled at the Sharjah Investment Forum, underscores the emirate’s broad-based expansion, largely fuelled by robust activity in the real estate and transportation sectors.
Real estate continues to serve as a key pillar of Sharjah’s economic development, while the transportation and warehousing sector saw a 10 per cent increase, reflecting sustained infrastructure growth and economic diversification.
The figures were announced by Sheikh Fahim bin Sultan Al Qasimi, Chairman of the Department of Government Relations in Sharjah, who noted that hosting global investment events is crucial to maintaining the emirate’s upward growth trajectory.
Sheikh Fahim highlighted that, under the direction of Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the emirate has long focused on establishing a balanced and inclusive environment for residents and investors alike.
He added that this vision encompasses expanding housing options, improving access to quality education at all levels, and building facilities that foster business growth.
He also noted that Sharjah Airport is set to play a growing role in supporting transport and cargo operations, complementing the emirate’s ports network and strengthening its trade potential.
The emirate’s 8.4 per cent economic growth, compared with the 3 per cent global average, reflects a strong and diversified economy that continues to attract both regional and international investors.
Officials affirmed that Sharjah’s performance underscores its stability, advanced infrastructure, and pro-investment policies, further cementing its standing as one of the UAE’s foremost business and investment destinations.
