Sharjah reports record inquiries from investors

Dubai: The Sharjah Economic Development Department (SEDD) reported yesterday that it has received a record number of inquiries and requests for its various services from investors this summer season, with the renewal and issuance of trade and industrial licences being the most sought after among the department's services.

Ali Al Mahmoud, general manager of the SEDD, said: "We've experienced an unprecedented level of demand for our services this summer, despite the fact that there is usually a lull in activity at this time of the year."

"The department is continuously improving its performance level and service quality, with the aim of encouraging investors to establish their projects in Sharjah, and to take advantage of the promising opportunities available in various economic sectors," he said.

"Our host of services include the issue and renewal of licences, with approximately 220 transactions performed a day this summer, and we offer consulting services that contribute significantly to the improvement of the local investment climate. We have also taken steps to procure qualified and experienced personnel in our different department divisions and sections in order to ensure that our clients receive the best possible service," he said.

Discount offers

Al Mahmoud said his department has also been overwhelmed with public demand for discount offers from retail outlets, and expects this demand to continue throughout the summer.

The current level of activity and demand for services from the department indicates the substantial economic growth achieved in the emirate in recent months, which is likely to continue throughout the year.