Latest news with #SharjahEconomicDevelopmentDepartment
Al Etihad
7 days ago
- Business
- Al Etihad
RUWAD funds Dh2.86 million worth of projects, welcomes 449 new members in 2024
17 July 2025 00:19 SHARJAH (WAM) The Sharjah Foundation to Support Pioneering Entrepreneurs (RUWAD), affiliated with the Sharjah Economic Development Department, has issued its annual report for 2024, revealing the funding of 13 projects worth Dh2.86 million and the addition of 449 new projects to its membership report coincides with the 20th anniversary of RUWAD's founding as a pioneering government entity in supporting leading national projects in the Emirate of Sharjah, and highlights its central role in empowering the local entrepreneurial of the Sharjah Economic Development Department, Hamad Ali Abdullah Al Mahmoud, said the establishment of RUWAD under a decree by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, in 2005, marked a turning point. He affirmed that the Foundation has succeeded in establishing an early and effective government model for supporting entrepreneurship and empowering thousands of Emirati entrepreneurs. He added that RUWAD remains an inspiring and bright chapter in Sharjah's journey of investing in Director of RUWAD, Fatima Al Ali, affirmed the Foundation's commitment to localising the entrepreneurial environment and driving it toward greater 2024 figures showed that RUWAD organised 57 training programmes benefiting 1,414 trainees, provided 118 consultations, and granted 81 projects government fee exemptions amounting to Dh8.727 million. Government purchases from member projects totalled nearly Dh3.485 of the Training, Research and Events Department, Amina Mohammed, said RUWAD acts as an active connector, noting that last year saw 22 business matchmaking deals between projects, 17 development meetings with partners, and participation in 10 external events and exhibitions. Internally, the Foundation achieved an Emiratisation rate of 97 percent and a job satisfaction rate of 88 percent.
Sharjah 24
10-07-2025
- Business
- Sharjah 24
RUWAD approves financing for 4 projects worth AED1.55 mn
Intensive efforts to launch and sustain projects Hamad Ali Abdullah Al Mahmoud, who leads the Sharjah Economic Development Department and heads the Project Financing Committee at the Sharjah Foundation for Supporting Entrepreneurs (RUWAD), has emphasized the committee's ongoing commitment to helping small and medium-sized businesses in Sharjah. He highlighted that they are working hard to provide financial support that is flexible and tailored to meet the needs of these businesses, which is crucial for their growth and success. Al Mahmoud explained that the committee carefully reviews the projects submitted to them, ensuring that they provide the right assistance to promising new ideas. This support is intended to help these initiatives thrive, add value to the local economy, and align with Sharjah's vision of becoming a hub for knowledge and innovation. Diverse agenda The meeting took place at the SEDD headquarters in Sharjah, where the attendees discussed several important topics. They reviewed the budget for 2025 and went over the financial records of RUWAD. Additionally, they looked at a list of projects that are seeking funding for the first time or need more financial support. The meeting also featured a presentation of projects that were being reconsidered for funding. New financing approvals During the recent committee meeting, a total of AED 1,550,000 was approved to support four different projects. The committee decided to directly fund two of these projects through the RUWAD program. One project is a new commercial venture located in the Al Saja'a area, while the other is a vocational initiative in Dibba Al Hisn. Additionally, the committee approved extra funding for one project in the industrial sector, amounting to a specific sum, which will also be provided through direct financing. They also agreed to support another technical project with funding through the bank, which will be done indirectly. 9 projects beneficiary since the beginning of the year So far this year, the committee has approved a total of nine projects, including some that are getting extra funding. The overall amount of money approved for these projects comes to 2,670,000 AED. Supportive development proposals At the end of the meeting, the committee members talked about several ideas to improve the support and funding for various projects. One suggestion was to combine technical evaluations with legal advice to help ensure better decision-making. They also discussed ways to make it easier for projects to get started and find the right suppliers for their different needs, especially in areas like monitoring, design, decoration, and construction. Additionally, they touched on other topics such as providing clear information about who really owns a project, protecting consumers, and understanding credit ratings.
Time of India
29-06-2025
- Business
- Time of India
What is Sharjah's 'instant license' and how can it help you start a business in 1 day?
Setting up a business in Sharjah just got a lot easier. The Sharjah Economic Development Department ( SEDD ) has introduced a new 'Instant License' service that allows entrepreneurs to obtain a commercial license within one working day. The initiative eliminates the need for a Memorandum of Association or a signed lease contract during the first year, simplifying starting a business in the emirate. As reported by Emirates News Agency-WAM, the Sharjah Executive Council approves the service. This is to attract investment, reduce bureaucracy, and support the emirate's push for a more dynamic and competitive economy. Also Read: Job offer from the UAE? What you must know before signing Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 새로 나온 '암보험' 최적가 가입인기! "암진단금+생활비+치료비 든든하게"... 굿리치 보험대리점 (등록번호:제2006038313호) 가격 받기 Undo The license is available for office-based businesses that do not require external approvals from other government departments. What is Sharajh's 'Instant License'? Live Events Instant License is a fast-approval licensing program that allows entrepreneurs to obtain a commercial license within one working day. Under the Instant License, investors can begin operations immediately and employ up to three workers under each license. However, after the first year, businesses must complete the usual licensing requirements to continue operating legally. SEDD stated that the initiative also intends to curb unlicensed business activity by offering a fast and legal alternative. It is expected to give new entrepreneurs and expanding companies a head start, especially in sectors aligned with Sharjah's economic goals. Hamad Ali Abdalla Al Mahmoud, Chairman of SEDD, said the department is working to build a flexible and supportive regulatory environment. Also Read: Dubai launches citywide 4 day work week for government employees: Will the private sector follow? He stressed that the service reflects the vision of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the efforts of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Chairman of the Executive Council. 'This service reflects Sharjah's commitment to making business easier and more accessible,' Al Mahmoud said. 'We want to attract investors, support entrepreneurs, and ensure Sharjah remains a leading destination for economic development both regionally and globally.'
Dubai Eye
29-06-2025
- Business
- Dubai Eye
SEDD launches ‘Instant Licence' service
Sharjah Economic Development Department (SEDD) has launched an 'Instant Licence' service in order to promote investments and attract investors to the Emirate. This service was launched after obtaining the approval from the Sharjah Executive Council with the aim of enabling investors and entrepreneurs to issue a commercial licence immediately without the need to attach the Memorandum of Association or a signed lease contract in the first year. Additionally, the licence enables investors to conduct their business immediately, with the aim of speeding up and reducing procedures, shortening the customer journey, and increasing economic growth rates in Sharjah. The service covers all office activities that do not require approvals from other authorities, with a maximum of three employees allowed per licence. It helps investors to run their activities or businesses in the first year, and then fulfills the special licensing requirements in the second year. Also, it targets new investors and economic establishments seeking to expand into specific types of activities and contributes to increasing the competitiveness of Sharjah. Through the "Instant Licence" service, SEDD seeks to enable companies to fully benefit from the competitive advantages offered by the emirate and to stimulate the business environment. SEDD is the government entity entrusted with regulating economic activity in the emirate and supporting the process of economic diversification, sustainable growth, and competitiveness. Thus, the Economic Department in Sharjah focuses on facilitating business operations, which contributes to anticipating and creating a better future, developing the investment environment, enhancing the attractiveness of strategic economic sectors, and providing high-quality services in accordance with the highest international standards. Commenting on this, Hamad Ali Abdalla Al Mahmoud, SEDD Chairman, stated that the Department works continuously to develop a legislative and regulatory environment to enhance business growth and support its continuity and sustainability in accordance with international best practices. Such a thing falls within the wise directives of His Highness Sheikh Dr. Sultan bin Mohammed bin Sultan Al Qasimi, Supreme Council Member and Ruler of Sharjah and the pursuit of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council. He clarified that this will enhance the growth of Sharjah's economy and support its competitiveness regionally and globally. Moreover, SEDD Chairman proclaimed that the 'Instant Licence' service is part of the Department's Strategy, which aims to support economic diversification and sustainable growth in the emirate. It also contributes to supporting investors by facilitating the ease and speed of establishing their businesses. This reflects Sharjah's commitment to the continuous development of the business system and consolidating the emirate's position as a global investment hub.
Sharjah 24
31-05-2025
- Business
- Sharjah 24
SSSD's "Intaj" Centre organises Eid Al Adha exhibition
The exhibition is held from May 29 to June 1 at Al Rahmaniya Centre, featuring participation from productive families in Sharjah and other branches across the Emirate. Diverse Product Packages on Display Families will showcase a variety of themed collections, including a package for traditional crafts, a package for clothing and accessories, and a package for handmade items. All products have been specially curated to suit the festive atmosphere of Eid. High Public Demand and Strong Community Support Maryam Al Hammadi, Director of the Centre, stated that productive families eagerly anticipate the arrival of Eid Al Fitr and Eid Al Adha in preparation for participating in the exhibition, which continues to draw high public turnout—especially in residential areas near shopping centres. The exhibition has grown to build a loyal fan base among those who appreciate elegance and craftsmanship, thanks to the Department's ongoing commitment to its members in the "Intaj" Centre and its desire to bring them joy by providing an additional income stream to improve their financial well-being. This support has been reflected in external showcases, the launch of an online store, and assistance in obtaining trade licenses from the Sharjah Economic Development Department at affordable rates. Homemade Goods with Natural Ingredients The showcased products are known for being authentically homemade, featuring natural ingredients. The range also includes clothing, accessories, and handmade crafts that align with the needs and traditions of Eid Al Adha. Attractive Promotional Offers Notably, shoppers can take advantage of exciting promotional offers: any customer who spends AED 300 will receive a shopping voucher courtesy of the Sharjah Cooperative Society.
