Sharjah Ramadan Festival 2023 shows positive preliminary results in boosting sales and revenues for participating shops and centers

  • Date: 10-Apr-2023
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
  • Who else needs to know?

Sharjah Ramadan Festival 2023 shows positive preliminary results in boosting sales and revenues for participating shops and centers

Sharjah: The 33rd edition of the Sharjah Ramadan Festival, which was held in different cities and regions of the emirate and organized by the Sharjah Chamber of Commerce and Industry, has yielded positive preliminary results after 20 days of its launch. The shopping centers and shops taking part in the event reported significant increases in revenues and sales due to the surge in the number of shoppers.

As the 33rd edition of the festival draws to a close on April 25, it is expected that sales will continue to rise during the remaining days. This is attributed to the high demand from families who are shopping in preparation for Eid Al Fitr. The major discounts offered by the shopping centers and thousands of shops, with prices reduced by over 75% on a range of goods, products, and fashion items, are also playing a significant role in driving the increased demand.

HE Mohammad Ahmed Amin Al Awadi, Director-General of the Sharjah Chamber of Commerce and Industry (SCCI), emphasized that the Sharjah Ramadan Festival has been a crucial shopping season for the retail sector in the Emirate of Sharjah for 33 years. It constitutes a significant proportion of their annual sales, as confirmed by