Sharjah – Asdaf News:
After examining the viability of 15 funding requests from diverse industries between April and June, the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), a division of the Sharjah Economic Development Department, has approved the funding of three projects.
Sultan Abdullah bin Hadda Al Suwaidi, Chairman of the Sharjah Economic Development Department, praised the facilities and exemptions provided by government institutions to small and medium enterprises that played a key role in motivating them to establish further commercial, service and industrial projects which contribute to developing Sharjah’s economy.
According to the classification of projects by type of activity, the food sector came in first with 26 projects, representing a rate of 39.4 percent, followed by the designing and sewing of women’s clothing, which had 6 projects and a rate of 9.1 percent, as well as 5 projects in the field of beauty salons (7.6 percent) and 4 projects in the car maintenance sector (6.1 per cent).
Car washes (4.5%), two projects in the fields of law firms and fitness clubs (3%) and the remaining projects (1.5%) came from a variety of industries, including restaurant management, the perfume and gift industry, the mobile phone industry, the security and safety systems industry, order delivery services, advertising, stationery, and others.
