Ruwad approves funding for three projects in Q2’23

Ruwad approves funding for three projects in Q2’23

SHARJAH, 23rd July, 2023 (WAM) -- The Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), affiliated to the Sharjah Economic Development Department, has approved the financing of three projects after studying the feasibility of 15 requests for funding in various sectors between April and June.

Sultan Abdullah bin Hadda Al Suwaidi, Chairman of the Sharjah Economic Development Department, praised the facilities and exemptions provided by government institutions to small and medium enterprises that played a key role in motivating them to establish further commercial, service and industrial projects which contribute to developing Sharjah's economy.

For his part, Hamad Ali Abdullah Al Mahmoud, Director of Ruwad, affirmed that the second quarter of this year witnessed a great interaction by entrepreneurs with the initiatives and projects implemented by the Foundation, and a remarkable demand for obtaining its various services, in light of the growing interest in establishing individual and group projects and benefiting from the facilities provided by Ruwad and government institutions for UAE citizens wishing to enter the private sector, and expand projects that enhance the country's competitiveness in the entrepreneurial sector. He noted that the purchases of government agencies from members of the Foundation during the second quarter of this year exceeded the