7% boost in industrial licence renewals in 2022: Sharjah FDI Office

7% boost in industrial licence renewals in 2022: Sharjah FDI Office

SHARJAH: The emirate of Sharjah has recorded a spectacular year-on-year growth in its manufacturing sector with a sharp 7 percent increase in the renewal of industrial licences in 2022, according to the Sharjah FDI Office (Invest in Sharjah).

This was announced by the office during its participation in the second annual ‘Make it in the Emirates Forum’.

A total of 2,401 licences spanning a diversity of industries were renewed last year compared to 2021, according to the office.

The remarkable growth signifies the enduring appeal that Sharjah holds for businesses, solidifying its position as a preferred destination for ongoing operations and future expansion. According to Invest in Sharjah, the growth covered a wide range of industries including petrochemicals, plastics, metal manufacturing, textiles, printing, packaging, food processing, and automotive components, strengthening the emirate’s status as a major investment destination in the region, noting the sector is the second-largest contributor to Sharjah's GDP at 16.7 percent.

Invest in Sharjah leveraged its participation opportunity to inform local and regional players about the emerging opportunities in Sharjah’s manufacturing sector, particularly in future-focussed ones like 3D printing technologies, industrial automation projects, robotics and drone aircrafts, and enlightened prospective business owners and investors on the ways Invest in Sharjah will