SOCIAL DEVELOPMENT KEY TO SUSTAINABLE ECONOMIC GROWTH

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Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah and Member of the UAE’s Supreme Council, tells Oxford Business Group

Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah and Member of the UAE’s Supreme Council

Sharjah, UAE: Sharjah’s bid to create a robust economy that will act as a driver of societal and cultural development is mapped out by Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah and Member of the UAE’s Supreme Council, in an exclusive viewpoint he gave recently to the global research and advisory company Oxford Business Group (OBG). 

In the contribution, Sheikh Sultan said several considerations needed to be taken into account when analysing an economy’s strength and staying power, including its ability to help all segments of society realise their ambitions.

“We aim to create an economy that not only builds markets, but a complete nation; one that advances society along with every individual member,” he told OBG. “Our goal is to build an economy that continually enhances Sharjah’s image as a home for its citizens, residents and investors.”

The viewpoint will appear in full in The Report: Sharjah 2021, OBG’s forthcoming report on the emirate’s economic development and investment opportunities. 

Social development and the part it will play in ensuring future economic growth is sustainable was another topical issue explored by Sheikh Sultan. “The purpose of development is not to burden the government, companies or organisations, but to provide a platform for long-term, profitable investment to nurture people’s skills, experiences, culture and creative capabilities,” he said. “The true nature of development creates value in our work and makes life meaningful.” 

Sheikh Sultan also said that he understood the challenges faced by individuals and businesses, adding that efforts were under way to strengthen key supporting infrastructure, services and legislation.

“It is said that economic practices should meet conditions for the sustainability of resources, the climate, the environment and businesses. We believe that the transition towards sustainability should start with community welfare,” he said. “With societal well-being sustained, everything else will follow suit because it will foster a sustainability mindset in every individual.”

The Report: Sharjah 2021 will be a vital guide to the many facets of the emirate, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication is set to contain a detailed, sector-by-sector guide for investors, alongside interviews with leading personalities. It will form part of a series of tailored reports which OBG is currently producing with its partners, alongside other highly relevant, go-to research tools, including a range of country-specific Growth and Recovery Outlook articles and interviews. 

The report will be available online and in print.   

About Oxford Business Group:

Oxford Business Group (OBG) is a global research and advisory company with a presence in over 30 countries, spanning the Middle East, The Americas, Africa and Asia. It is recognised internationally as a distinctive and respected provider of on-the-ground intelligence on world’s fastest-growing markets, termed The Yellow Slice, in reference to OBG’s corporate colour. 

Through its range of products – Economic News and Views; OBG CEO Surveys; OBG Events and Conferences; Global Platform, which hosts exclusive video interviews; and The Report publications – as well as its Advisory division, OBG offers comprehensive and accurate analysis of macroeconomic and sector-level developments for sound investment opportunities and business decisions. 

OBG provides business intelligence to its subscribers through multiple platforms, including its direct 6 million verified subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv’s (previously Thomson Reuters) Eikon subscribers and more.