Fahim Al Qasimi: Sharjah's GDP growth in 2024 will be 8.4%

October 22, 2025 / 11:24 PM

Sharjah 24: Sheikh Fahim bin Sultan Al Qasimi, the Chairman of the Department of Government Relations in Sharjah, emphasized that hosting investment conferences and forums is important for the growing economy of the emirate. Sharjah's economy has been thriving, with an expected growth rate of 8.4% for 2024, much higher than the global average of 3%. This shows that Sharjah is an attractive place for investments, offering a great quality of life for those looking to invest.

During the two-day Sharjah Investment Forum, which began on Wednesday at the Al Jawaher Reception and Convention Centre, Sheikh Fahim noted that current investments are primarily focused on the real estate sector. Additionally, other areas like transportation and warehousing are also experiencing significant growth, with a 10% increase reported.

The Chairman of the Sharjah Department of Government Relations highlighted that Sharjah, following the guidance of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has been working for years to create a well-rounded environment for its residents. This includes building homes, ensuring access to quality education in both schools and universities, and developing the necessary facilities for businesses to thrive. Next year, with the launch of the Etihad Rail, Sharjah Airport will play an important role in enhancing transportation options, along with the local ports.

Sheikh Fahim Al Qasimi highlighted the strong investments happening in various areas, including industrial zones, the real estate market, and service companies such as consulting firms. He mentioned specific projects like the Aljada area and the Marwan 11 District, as well as initiatives by Sharjah Asset Management Company. Investors are often looking for safe opportunities that can provide good returns, which is exactly what the emirate of Sharjah offers.

He also commended the Sharjah Chamber of Commerce and Industry for their efforts in improving the industrial zones and upgrading the overall infrastructure. These improvements help build trust among investors and support the ongoing growth of the emirate's economy.