CSIC makes recommendations to boost public-private partnerships

Sharjah Chamber of Commerce and Industry officials at the board meeting.

The Sharjah Chamber of Commerce and Industry (SCCI) has made a number of recommendations to strengthen the emirate’s public-private partnerships, following the recent Cabinet-approved decision to enact a federal law regulating partnerships between federal authorities and the private sector in the United Arab Emirates.

At its regular meeting held at CSIC Headquarters, the Board of Directors directed the necessary arrangements to be put in place to nurture public-private partnerships, promote various business sectors in Sharjah, stimulate and attract new investments in the emirate.

Chaired by Abdullah Sultan Al Owais, Chairman of SCCI, the meeting was attended by Sheikh Majid Bin Faisal Bin Khalid Bin Khalid Al Qasimi, First Deputy Speaker of the House, and Waleed Abdul Rahman Bukhatir, Second Deputy Chairman of the Board of administration, SCCI, as well as other members of the board of directors and Mohammad Ahmed Amin Al Awadi, managing director of SCCI.

Al Owais underscored the importance of the private sector, saying it has always been a key principle in the overall development journey of Sharjah and the UAE. “The enactment of a federal law regulating the partnership between the federal authorities and the private sector will certainly bring positive results which will not only promote the sustainable development of Sharjah, but will also accelerate the growth rates in many sectors of the national economy. “, he added.

Al Owais emphasized that the chamber is committed to fostering an integrated business environment that stimulates and advances public-private partnerships. “CSIC is very interested in representing the business community in the best possible way, while encouraging it to enter into comprehensive development and economic partnerships that strengthen Sharjah’s economy and contribute to the achievement of some of the main objectives development plans for Sharjah and the United Arab Emirates,” he said.

For his part, Al Awadi noted that the Chamber, through its sectoral business groups, is making every effort to enhance mutual cooperation between businesses and the public sector to help them overcome possible obstacles while taking advantage of opportunities available.

“Their constructive collaboration will undoubtedly lead to an integrated infrastructure and new opportunities; in addition to satisfying the demands and ambitions of different economic sectors, will promote the sustained growth of the emirate,” Al Awadi said.

During the meeting, the CSIC Board reviewed a number of indicators related to the private sector in Sharjah and recommended the launch of additional initiatives to drive economic progress and improve the sustainable performance of the private sector. .

Over 33,000 Licenses Issued and Renewed: The Sharjah Economic Development Department (SEDD) reviewed the most significant developments and events observed by economic sectors and measures as well as the Department’s efforts across the board. sectors and activities, during the first half of the current year 2022.

This was done to provide a comprehensive tool to dealers in Sharjah’s economic sectors and to familiarize them with the most significant results achieved, in confirmation of its efforts to achieve balanced and sustainable economic performance and to promote business continuity in various fields.

Commenting on this, SEDD Chairman Sultan Abdullah Bin Hadda Al Suwaidi said data released by the department indicates a significant increase in investment movement, especially in issued licenses, which are indicators of sustainable growth for the sector. economy of Sharjah.

According to data from the SEDD, the total number of licenses issued and renewed in Sharjah in the first half of this year increased by 33,157, with a growth rate of 8% compared to the same period in 2021. Thus, the licenses issued in the first half of 2022 stood at 3,858, compared to 3,526 in the first half of last year, with a growth rate of 9%. On the other hand, the total number of licenses renewed during the same period reached 29,299, compared to 27,262 throughout the same period in 2021, a growth rate of 7%.

Fahad Ahmed Al Khamiri, Director of Registration and Licensing Department at SEDD, said the data showed that commercial licenses outrank others in terms of distribution according to the type of licenses issued. Thus, 2,248 licenses were issued during the first half of 2022, followed by 1,273 professional licenses and 161 industrial licenses. In fourth place, 99 “Eitimad” licenses and 77 e-commerce licenses in fifth place.

Regarding renewed licenses, commercial licenses lead the way, reaching 18,992 in the first half of 2022, followed by 8,718 professional licenses. Next, there were 1,233 industrial licenses, while Eitimad licenses hit 306, while e-commerce licenses amounted to 50.

On the other hand, Khalfan Al Herathi, Director of Branches of SEDD, said that the department, across all its branches, completed 33,157 licenses issued and renewed in the first half of 2022, according to data on business licenses issued and renewed in the department. branches in cities and regions of Sharjah.

The number of licenses issued and renewed in the city of Sharjah reached 26,670 in the first half of this year. Central region branch came second with 3,753 licenses, while Khor Fakkan branch reached 1,314. Kalba branch totaled 1,140 licenses, while Dibba Al Hisn branch reached 280 licenses.