The Sharjah SME “Ruwad” announced the start of the industrial sector financing program, which has a financing ceiling of up to Dhs800,000 and other benefits pertaining to the grace period and payment methods, as part of its efforts to improve and encourage the entrepreneurship environment in the Emirate of Sharjah.
“The new financing program approved by the Project Financing Committee in “Ruwad” falls within Ruwad direct financing programs and offers financing facilities, advantages, and incentives dedicated to priority industrial projects,” stated Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department.
He noted that the Sharjah government places a high premium on the industrial sector, giving it particular attention because it is one of the main forces behind the country’s economic expansion and a fundamental component of increasing the emirate’s gross domestic product and adding jobs to the labor market.
Al Mahmoud went on to say that Ruwad understands the significance of fulfilling its pledges to encourage young people to launch projects that strengthen the standing of Emirati businesses and to work toward the implementation of projects and programs that would improve the projects’ output, market them domestically, and facilitate their exports to overseas markets.
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