The Emirate of Sharjah has a plan established by His Highness Sheikh Sultan bin Muhammad Al Qasimi, the Ruler of Sharjah and a member of the Supreme Council of the United Arab Emirates. This plan aims to create a strong economy that acts as a driver for community and cultural development within the emirate. The global research and consulting firm Oxford Business Group (OBG) was able to learn about the details of this plan through an exclusive interview with His Highness Sheikh Sultan.
In his remarks, Sheikh Sultan highlighted several considerations that should be taken into account when analyzing economic strength, including the economy's ability to help all segments of society realize their aspirations and dreams. Sheikh Sultan stated in his discussion with OBG: "We seek to create an economy that not only builds markets but aims to build a complete nation, where the community progresses thanks to the contributions of every individual in it. Our goal is to build an economy that continually enhances the image of Sharjah as a homeland for its citizens, residents, and investors."
The report: Sharjah 2021 presents a comprehensive viewpoint, as OBG's upcoming report aims to highlight economic development and investment opportunities within the emirate. Community development and its role in ensuring sustainable economic growth were among the topics Sheikh Sultan addressed during his talk, stating: "The goal of development is not to increase the burdens on the government, companies, or institutions, but rather to provide a platform for long-term profitable investment that develops individual skills, experiences, cultures, and creative abilities. The true nature of development is what creates value in our businesses and gives meaning to life."
Sheikh Sultan also mentioned their understanding of the challenges facing individuals and companies, adding that efforts are underway to strengthen infrastructure, services, and supportive legislation. He further noted: "It is said that economic practices should meet the conditions necessary for the sustainability of resources, climate, environment, and businesses. We believe that the transition towards sustainability must begin with achieving community well-being. With the sustainability of community well-being, everything else will consequently be sustainable due to fostering a sustainability mindset among each individual in the community."
The report: Sharjah 2021 will serve as an important guide to many facts about the emirate, including macroeconomics, infrastructure, the banking sector, and other developments across various sectors. This edition is prepared to include a detailed guide for investors on every sector, along with dialogues with leadership figures. The report forms part of a series of dedicated reports that OBG is currently preparing with its partners, as well as other important research tools relevant to discussions on growth and recovery expectations at both national and regional levels.
