The Sharjah economy expanded by 8.4 per cent in 2024, nearly triple the global average of 3 per cent, underscoring the emirate’s status as one of the UAE’s most dynamic investment destinations.
The figures, revealed during the Sharjah Investment Forum, highlight the emirate’s broad-based growth, driven by strong performance in the real estate and transportation sectors.
Real estate and transport drive expansion
Real estate remains a cornerstone of Sharjah’s investment activity, while transportation and warehousing recorded a 10 per cent increase, reflecting the emirate’s continued infrastructure development and diversification push.
The results were shared by Sheikh Fahim bin Sultan Al Qasimi, Chairman of the Department of Government Relations in Sharjah, who said hosting global investment conferences and forums plays a vital role in sustaining Sharjah’s growth trajectory.
Sheikh Fahim said Sharjah, under the guidance of Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has worked for years to create a comprehensive and balanced environment for its people and investors.
He said this vision includes developing housing, expanding access to high-quality education across schools and universities, and building facilities that enable businesses to thrive.
Etihad Rail boost
Looking ahead, Sheikh Fahim said the launch of Etihad Rail next year will significantly enhance Sharjah’s connectivity, positioning the emirate as a vital hub for logistics and regional trade.
He added that Sharjah Airport will play an increasingly important role in supporting transport and cargo operations, complementing the emirate’s network of local ports and expanding its trade capacity.
Sharjah investment appeal
Sharjah’s 8.4 per cent growth rate, compared to the global average of 3 per cent, reflects a resilient and diversified economy that continues to attract regional and international investors.
Officials said the results reaffirm Sharjah’s stability, strategic infrastructure, and investor-friendly environment, which together strengthen its reputation as one of the UAE’s leading business and investment hubs.
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