Sharjah's Youth Council Fosters Industrial Growth and Innovation

Strategic Insights -

The Youth Council of Sharjah Economic Development Department (SEDD) hosted a virtual discussion session in collaboration with the Federal Youth Authority and the Sharjah Foundation for Supporting Entrepreneurship (RUWAD). The event aimed to highlight UAE's role in developing the industrial sector, discuss challenges facing entrepreneurs, and find solutions to encourage young people to join the sector. The session brought together key stakeholders, including Sultan Abdullah bin Hadda Al Suwaidi, Chairman of SEDD, and Maryam Nasir Al Suwaidi, Deputy Director of Industrial Affairs Department at SEDD.

Key Takeaways:

  • The Sharjah Economic Development Department (SEDD) has created a favorable legislative and legal environment to support the visions and plans of the industrial sector, aligning with the Fourth Industrial Revolution.
  • SEDD has implemented initiatives to support companies and factories in the emirate, contributing to the development of performance and sustainability of the industrial sector.
  • The total number of industrial licenses in Sharjah has increased by 13 percent over the past five years, indicating a growth in industrial activity.
  • The session addressed the challenges facing entrepreneurs in the industrial sector, including the need for support and motivation to start investing.
  • The participants emphasized the importance of identifying challenges facing young people in the industrial sector and coming up with innovative solutions to overcome them.
  • The panel discussion highlighted the role of the state in developing the industrial sector and proposed solutions to encourage young people to enter the world of industry.

Statistics:

  • The total number of industrial licenses in Sharjah increased by 13 percent over the past five years.
  • The Sharjah Economic Development Department (SEDD) is working towards a new plan of action with a centenary vision to contribute to making UAE the best country in the world by 2071.

Sources:

  • Emirates News Agency (release not acknowledged by publication date)
  • Federal Youth Authority