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SHARJAH / WAM
The Year 2020 was arguably one of the most challenging years in human history. The onset of Covid-19 strapped the global economy on a roller-coaster ride, affecting both lives and livelihoods of people worldwide.
On the business side particularly, the pandemic has revealed the resilience of cities like Sharjah, which continued to grow amid crisis by allowing global investors leverage opportunities offered by its diverse economy, business-
friendly environment and low operating costs, among other competitive advantages.
At the end of 2020, the emirate attracted 24 foreign direct investment (FDI) projects worth $220 million (AED 808.6 million), as per a Wavteq study on Sharjah’s FDI annual performance. There has been
a 60% increase in the number of FDI projects between Q3 and Q4.
This boost in economic activity in new and emerging sectors led to the creation of 1,117 new jobs in Sharjah.