When we think of the UAE, we tend to think of it as a distinct entity, often overlooking the fact that each of the seven emirates has a distinct industrial footprint. In the last six months or so, statistics have revealed that the third largest emirate, Sharjah is soon on its way to become a global investment hub. This is a result of the aptness of its location, the inclination of foreign investors to pump money into it and especially its latest A/A-1 rating that Standard & Poor bestowed for the long term and short term sovereign credit services in terms of local and foreign currency.
In addition, Sharjah's boom phase is further seconded by the strong financial state of its government, low margin of central debt and lower rate of financial risk. The basic set up in Sharjah is worth much praise. In a tax free environ, the economy is cent percent stable, profits are almost 100 per cent and with ample local governmental support, the infrastructure is brilliant. With several sectors at play in the industrial market, Sharjah has got not any one specific niche that feeds more than 20 per cent into the gross domestic product of its economy. With current regulations and schemes, the capital costs for conducting business in Sharjah too is very affordable.