Sharjah is poised for significant economic growth, with projections suggesting an increase of up to 7.5% in 2025. This growth is attributed to smarter policies, increased economic integration, and substantial foreign investments in key sectors. A senior UAE official highlighted the importance of these factors during the Sharjah Ramadan Majlis 2025.
Sheikh Fahim Bin Sultan Bin Khalid Al Qasimi, Executive Chairman of the Department of Government Relations, emphasized the need for open discussions with the private sector to enhance support for core industries such as manufacturing, trading, agriculture, and the environment. He noted that collaboration with the private sector, along with more integration and smarter policies, will drive this projected growth.
Sharjah’s economy is currently valued at approximately $45 billion, with notable sectors including the automotive industry and vehicle parts trading, which account for 24% of the emirate’s economy. Agriculture contributes 19%, manufacturing around 17%, and the broader food ecosystem also at about 17%. The real estate sector is expected to see significant growth in 2025, thanks to investments from prominent developers like Alef and Arada.
The emirate’s attractiveness to companies is further enhanced by initiatives such as ‘Invest in Sharjah’ and the Sharjah Research, Technology and Innovation Park. Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, highlighted these efforts as key factors in attracting businesses. Additionally, Comprehensive Economic Partnership Agreements (CEPAs) offer companies incentives and access to new markets.
Sharjah’s foreign trade experienced an 8.1% growth in 2024, reflecting the emirate’s strong economic performance. This growth aligns with the UAE’s broader economic strategy, which emphasizes foreign trade as a central component. As the private sector continues to benefit from these agreements, Sharjah’s economic prospects remain promising.
