5 reasons to invest in Sharjah
The emirate of Sharjah is a cultural center as well as an industrial hub, budding with a variety of entrepreneurial opportunities. Known for its business-friendly regulations and policies as well as its holistic approach towards the development of its diverse industrial portfolio, the emirate nurtures businesses from beginning to end. In this article, we will explore the various reasons why investing in Sharjah is a lucrative business opportunity that will benefit your venture and help fuel its growth and prosperity in the long run.
1. Culture and Tourism
Sharjah has evolved over the years into a central hub for the arts as well as cultural history and heritage. Granted the title of ‘Cultural Capital of the Arab World’ by UNESCO in 1998, Sharjah is home to almost a quarter of the entire country’s historical museums. Due to this, tourism within the emirate is a rewarding opportunity for business setups in the UAE. With over 1.7 million visitors to the emirate along with high quality hotels and restaurants, as well as a surge of visitors expected to arrive due to EXPO2020, Sharjah offers a wide range of investment-based business opportunities to those interested in this particular sector.
2. Free Zones
Sharjah possesses a strategic position that makes the emirate the trading hub of the region. In addition to this, the government has allocated designated free zones, making company formation in the region easy and profitable. SPC Free Zone is one such free zone that offers a platform to cater to the needs of entrepreneurs looking to start or migrate their business across various industrial sectors, providing consulting services along with all the necessary requirements.
3. Education and Healthcare
The education industry in Sharjah is highly developed, with numerous campuses that offer courses across various disciplines. With over 232 schools and 21 higher learning institutions, as well as more than 25,000 students present in the emirate’s renowned University City, Sharjah provides excellent investment opportunities across the education sector. Along with this, the emirate also provides a large pool of opportunities when it comes to the healthcare industry. Covering everything within the industry from research and development to pharmaceuticals and hospital supply management, the industry provides benefits that affect both businesses and the public alike. With over 15 public and private hospitals, insurance, and private healthcare for all within the emirate, the industry has shown incredible growth and opportunity for investors and entrepreneurs alike.
4. Logistics and Manufacturing
With export and re-export markets rapidly expanding, and over 62% of industrial hubs involved in the freight forwarding sector, Sharjah is an emirate that has a locational advantage, allowing for a wide range of logistic based possibilities. Similar opportunities also exist in the manufacturing industry, which is the second largest industry in the emirate. Light manufacturing in particular accounts for 16.5% of the emirate’s GDP and nearly a third of the UAE’s manufacturing output as a whole, making the industry heavily sought after in terms of investment and venture-based opportunities.
5. Sustainability Initiatives
The emirate has started a multitude of efforts to become more sustainable in terms of its environmental impact and energy consumption. Initiatives to switch to renewable sources of energy, the introduction of environmental protection legislation, as well as the establishment of projects like Sharjah Sustainable City- Sharjah’s first community with net zero energy, has made the emirate an attractive location to invest in for investors interested in renewables, waste management, and research and development of products and services.
Over the years, the emirate of Sharjah has flourished, making it one of the best places for a business setup in the UAE. SPC Free Zone is one of the best places to set up a business here in the UAE. With our expert assistance and easy set-up process, establishing your own business or clearing queries has never been easier. Call us at 800 SPCFZ to contact our expert consultants for more information on free zone-based investment opportunities and the like today.