Charjah’s economic development indicators show remarkable growth in the first quarter of 2021: The SEDD

The Sharjah Economic Development Department (SEDD) announced that Sharjah’s economic development indicators recorded remarkable growth in the first quarter of 2021.

“The number of licenses issued and renewed during this period reached 15920 compared to 14,267 during the same period in 2020, an increase of 12%,” it added.

The department’s first-quarter report also confirmed the continued growth in the total number of licenses, up 29% compared to the same period in 2019, while revealing that e-commerce licenses topped the list, increasing by 292% compared to the same period last year. Industrial licenses came next, with an increase of 19%, followed by business licenses with 13%. Professional licenses increased by about 8% in the first quarter of 2021, while the growth of national licenses “Eitimad” reached 5%.

SEDD Chairman Sultan Abdullah bin Hadda Al Suwaidi explained that the rate of license issuance rose to 53% in the first quarter of this year while the number of license renewals increased by 8%, which is good for the emirate compared to the equivalent international figures. He also pointed out that this continued increase confirms the strength of the local economy and the attractiveness of the emirate’s investment environment, and highlights the emirate’s strategic location in the region, its advanced infrastructure and other strategic economic and social advantages, as well as the opportunities available in various local sectors.

SEDD’s Director of Registration and Licensing Department, Fahad Al Khamiri, said that the number of licenses, especially e-commerce licenses, increased significantly by 292% in the first quarter of 2021, from 51 licenses, adding that industrial licenses increased by a rate of 19% to the number of 623, and commercial licenses by 13% to the total 10,265.

“The number of professional licenses increased by 8% with 4772 while this figure for national licenses “Eitimad” was 5% during the same period with 209, confirming the continuity of commercial and economic activities in the emirate, as well as its ability to maintain balance in the main sectors, “he added.