FACTS & FIGURES
Sharjah is attractive to investors for many reasons
Some of these are below:
- Attractive incentives and facilities for investors
- Solid infrastructure which supports the economy
- A strategic location with ports on both the Arabian Gulf and Gulf of Oman, plus a modern international airport all facilitate trading and the movement of goods
- Import customs duties are extremely low at 5%
- Free zones that provide investors with unparalleled commercial opportunities, 100% freehold ownership for foreigners, and 100% repatriation of capital and profits
- Special industrial zones, each specializing in a specific industry. All zones are connected through a modern network of roads that link them to seaports and the Sharjah International Airport
The Government of Sharjah is committed to providing all forms of support to help develop the industrial sector. One such example is technical advice extended to investors by the Sharjah Chamber of Commerce and Industry in the preparation of feasibility studies for project viability.
- In 1932, the first airport in the Arabian Gulf was established in Sharjah.
- In 1978, the Central Souk was built on an area that is estimated to be about 80,000 square meters.
- The green landscaping in Sharjah is equal to 12.2 million square meters.
In 1972, oil was first discovered in Sharjah in the Mubarak Field.
- The first export of oil from Sharjah was in 1974.
- In 1975, the first container station in the Gulf and Middle East area was established at the Khaled Seaport, Sharjah.
- Sharjah has 19 industrial areas that contribute to more than 48% of the UAE’s gross industrial output.
- In 1927, Sharjah Municipality was established as the first municipality in UAE.
- In 2003, the first low cost airline in the Middle East (Air Arabia) was established in Sharjah
- There are 3 ports in Sharjah and their total area is 49,588,000 square meters
- Sharjah last recorded annual GDP was 72 billion
- There are 3 ports in Sharjah with a total area of 49.5 million square meters Sharjah has two free zones with a total area of 28 million square meters