SHARJAH (WAM)
The Sharjah Economic Development Department (SEDD) released its report for the first half of 2024, which showed an increase in the total number of business licences issued and renewed in Sharjah to 34,662, a three percent growth year-on-year (YoY).
SEDD Chairman, Hamad Ali Abdalla Al Mahmoud, commented saying that SEDD H1 2024 report indicated the ability of Sharjah’s business sectors to achieve sustainable growth leaps, in line with the vision of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.
Additionally, he confirmed that the issued data revealed a noticeable increase in investment activity, indicating sustainable growth for the economy of the emirate.
He noted that the strategic goal of the department is to establish a comprehensive development plan that accelerates economic development in Sharjah, by streamlining services to meet the highest international quality standards, benefitting those operating in the economic sector and investors in the emirate.
Director of Registration and Licensing Department at SEDD, Fahad Al Khamiri, said that the number of licences issued during the first half of this year reached 3,752 licences, while the number of renewed licences reached 30,910.