Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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The Sharjah Executive Council (SEC) held its weekly meeting, chaired by Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council (SEC), at the Sharjah Ruler’s Office, during which the SEC approved the implementation of the first phase of the ‘Middle Line Project’ for draining rainwater and groundwater.
The meeting witnessed the attendance of Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of the Sharjah Executive Council (SEC).
The meeting discussed a number of topics on its agenda related to the progress of government work in the Emirate, the development of infrastructure services, and the follow-up of development projects in various sectors.
The SEC approved extending the 50% discount on industrial licenses issued for a period of one year. This initiative comes as a boost to the great development and growth in the industrial sector in the Emirate, in which the growth rate of issued licenses reached 16% in light of the investment and economic components and what the Sharjah government provides to stimulate the industrial sector.
