Sharjah has approved its biggest budget ever, with $17.7 billion set aside for spending on public projects.
Almost a third of that will be spent on infrastructure works in the emirate, the second largest in the UAE.
The budget is considerably larger than that set for 2014 and will help create 1,000 jobs for Emiratis, despite increasing operational expenses due to a 28 percent rise in salary and wage allocation.
This budget aims to promote the economy of the emirate, enhance its global reputation and secure the financial stability of the emirate.
The economic development sector had the lion's share of 45 percent in total budget for fiscal year 2015 - reflecting an increase of 4 percent compared to last year. About 34 percent of the budget has been earmarked for infrastructure development, constituting an increase of one percent year-on-year.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.