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Sharjah Consultative Council explores economic growth

February 07, 2025 / 10:20 AM
Sharjah Consultative Council explores economic growth
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Sharjah24: A delegation from the Financial, Economic, and Industrial Affairs Committee of the Sharjah Consultative Council recently visited the Central Finance Department at its headquarters in the city of Sharjah, as part of the activities for the second ordinary session of the 11th legislative term. The visit aimed to strengthen cooperation between the council and the department and contribute towards advancing sustainable development and economic progress in the emirate.
The visit, which took place yesterday morning, was led by Rashid Abdullah bin Huwayden, Chairman of the Financial, Economic, and Industrial Affairs Committee, with the presence of Dr. Fatima Khalifa Al-Muqarrab, committee rapporteur, Abdullah Tarish Al-Ketbi, along with council members Engineer Jamila Al-Fandi Al-Shamsi and Jassim Mohammed Al-Hinawi Al-Naqbi. From the Consultative Council’s General Secretariat, Amina Balsaleeb, Secretary-General responsible for session affairs, was also in attendance.

Reception by the Central Finance Department
On the side of the Central Finance Department, the delegation was received by Walid Ibrahim Al-Sayegh, Director General of the department, and Sheikh Rashid bin Saqr Al-Qasimi, Director of the department, along with their assistants.

Purpose of the visit
This visit is part of the council’s ongoing efforts to support government entities in Sharjah, address the challenges they face, and work towards overcoming them to help realise the emirate's vision of becoming a leading economic hub in the region.

Discussion of initiatives and projects
The meeting discussed several initiatives and projects aimed at enhancing Sharjah's financial resources, including strengthening local and international investments, and supporting promising industrial and economic sectors. The importance of increasing transparency and efficiency in financial resource management was also highlighted, ensuring the achievement of sustainable development goals.

Addressing financial and economic issues
During the session, several critical financial and economic issues concerning Sharjah were discussed, with a focus on a cohesive economic approach across various government bodies. The aim is to develop financial resources to meet the emirate’s sustainable development objectives.

Emphasising coordination and collaboration
Rashid bin Huwayden emphasised the need to enhance coordination between the Consultative Council and the Central Finance Department. He noted that this visit aligns with their shared goal of realising Sharjah’s economic vision. He also stressed the importance of collaboration between government entities to enhance financial efficiency and ensure optimal use of available resources.

Commitment to economic development
Walid Al-Sayegh reaffirmed the Central Finance Department’s commitment to supporting the emirate’s economic development, stating that the department is focused on developing effective financial policies that promote economic growth and financial stability. He also underscored the value of consulting the Consultative Council on achieving these objectives and expressed readiness to provide all necessary support to ensure economic integration across government sectors.

Supporting strategic partnerships
Sheikh Rashid bin Saqr Al-Qasimi pointed out that the department, in line with its strategic plans, works to support Sharjah’s economic vision through effective financial policies and strategic partnerships that bolster sustainable growth and contribute to achieving comprehensive development goals.

Recognition of efforts
Dr. Fatima Al-Muqarrab praised the efforts of the Central Finance Department in strengthening financial and economic stability in the emirate, emphasizing the importance of enhanced collaboration between government entities for economic integration. She further noted that the Sharjah Consultative Council is committed to supporting initiatives aimed at achieving sustainable development through recommendations and proposals that enhance financial and economic policies.

Conclusion of the meeting
At the conclusion of the meeting, both parties reaffirmed the importance of continuing cooperation between the Consultative Council and the Central Finance Department to realise Sharjah’s economic vision. They also highlighted the need for regular meetings to exchange ideas and expertise, and to set strategic plans that foster economic growth and sustainable development.
February 07, 2025 / 10:20 AM

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