Sharjah24: Sharjah Economic Development Department “SEDD” released its 2022 Annual Report under the slogan “51 Years of Brilliance”. The report included the most important developments and events in the economic sectors and the procedures and efforts taken by the Department in all sectors and activities in order to provide a comprehensive tool for dealers in the economic sectors in Sharjah and introduce them to the most important results achieved by the emirate, as an affirmation of its efforts aimed at achieving balanced and sustainable economic performance, and enhancing business continuity in various fields.
Commenting on that, Hamad Ali Abdullah Al Mahmoud, SEDD Chairman, pointed out that the Department takes steady steps towards its sustainable goals, in which it realizes the size of the challenges, and the level of rapid changes that require the presence of studied methodologies and action plans, and looks forward to the future in economic and development work. he added that SEDD’s vision is inspired by the vision of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the pursuit of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council, in addition to the aspirations of UAE government to meet the highest level of excellence and leadership, thus to ensure the achievement of global competitiveness, and to raise performance indicators in various fields. HE carried on that the Department of Economic Development worked on releasing the best and most comprehensive annual reports, with the aim of documenting the economic development achievement. Likely, HE indicated that the statistics and data included in the report reflect the size of the efforts made by the Department in carrying out its tasks, stressing that SEDD is keen on continuous development as required by its strategic objectives and aspirations aimed at providing distinguished economic services.
According to the data issued by SEDD, development indicators have achieved remarkable growth, as the total business licenses issued and renewed during the year 2022 grew by 5% compared to 2021, to more than 72,242 thousand business licenses. The report also recorded a qualitative increase in “commercial, professional and industrial” licenses issued, at rates of 8%, 24%, and 9%, respectively, in 2022 compared to 2021. Also, Businesswomen’s licenses in the emirate recorded a growth of 15% during 2022. Additionally, the Department worked to regulate the conduct of economic activities and sectors by setting policies, standards and regulations in accordance with the current economic situation.
From her side, Noura Yousif bin Sandal, Deputy Director of Planning and Economic Studies at SEDD, said that releasing SEDD Annual Reports is a crucial event that keeps pace with the renaissance witnessed by the emirate, which requires the availability of data, statistics and analyzes for investors and decision makers. She added that the report displays the most important economic indicators in Sharjah in order to document developments and economic visions for the emirate. This, in turn, makes it easier for the various parties to view the annual report and to devise the prospects and future of economic development in Sharjah, and it documents the economic progress by monitoring and recording all developments and changes that take place annually at the level of various activities and sectors, and reflects the efforts made to improve economic development. She explained that the annual report allocated enough space to track the local economy in general and the economic indicators of the emirate in particular. Also, she emphasized that the results of 2022 revealed a positive performance in many economic indicators in Sharjah, and included the majority of sectors. She carried on that the report highlighted the Department developed procedures for 90 services in 2022, and the customer satisfaction rate with technical support that reached 99.98%, and the number of infrastructure development projects reached 12 projects, while the rate of closing complaints reached 98.8% in 2022.
Bin Sandal illustrated that the report included different aspects and chapters, whereby the first chapter dealt with SEDD’s efforts to develop services, through innovative economic services and effective communication with investors. The second chapter shed light on competitiveness, green investment, and support for entrepreneurship. She added that the third chapter was devoted to reviewing investments, through a distinct vision, system, and indicators. Then, the fourth and fifth chapters covered markets, consumer protection, digital markets and their development, as well as digital products. As for the sixth chapter of the report, it dealt with effective communication, business promotion and events. As for the seventh chapter, it dealt with planning and risk management. The eighth and final chapter dealt with human cadres and investment in human capital, through attracting competencies, increasing Emiratisation, and qualifying future leaders by following the highest standards of transparency and governance.a
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