Sharjah Amends Business Activities to Guarantee Balanced, Sustainable Economic Development

Published on: 17 October 2022
by KnowESG
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The Sharjah Economic Development Department (SEDD) has reorganised the emirate's economic activity. The goal is to make the economy work in a balanced and sustainable way while also making the business stronger in many different fields.

The Chairman of SEDD, Sultan Abdullah bin Hadda Al Suwaidi, said that this change fits in with the economic vision of the Government of Sharjah, which is to build a strong and diverse economy based on competitiveness and work to make citizens and residents prosperous.

The amendments include reorganising the activity of selling used cars and holding car auctions by changing the geographical areas where these activities are permitted. Souq Al Haraj, Industrial Areas 2–17, and Al Sajaa Industrial Area were among the areas that were given out.

This is part of what SEDD and the emirate are doing to attract investors by providing modern infrastructure, facilities, high-quality services, markets, and specialised regions for different industries, especially the automotive and machinery industries.

These efforts aimed to boost the emirate's status as the leading preferred destination for automobile trading in the area by enhancing the role of used cars and car auctions.

Al Suwaidi stated that SEDD has recently organised sites in the emirate for the practice of used auto spare parts and car auctions, as well as to improve and promote its customer service and to adopt anything that would bring additional investment prospects in the emirate.

He made it clear that SEDD's main goal is to help and improve the services offered to Sharjah's business sector. This is to follow the wise orders of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, a member of the Supreme Council and the ruler of Sharjah, to improve the economy and create a stimulating environment.

Source: Khaleej Times

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