110 billion dirhams, the size of the smart mobility market in the UAE by 2025

The Invest in Sharjah report states that, thanks to its strategic location and possession of ports on the Arabian Gulf and the Gulf of Oman, the emirate has become a gateway to the markets of the Gulf region and a faster gateway to the markets of Eastern Europe. and South Asia, Australia and Africa, making it rich in investment opportunities in the transport and logistics sector, especially in light of the allocation of 43% of the emirate’s budget in 2021 to the development and improvement of infrastructure, including weigh.

The report pointed out that the intelligent transport solutions of “Hyperloop” trains, smart electric mobility vehicles and electric charging solutions, in addition to the automation of charging processes with artificial intelligence and robots, as well as the creation of special cooling facilities for perishable goods, provide goods such as vegetables and medicines. all promising opportunities in this regard. The growing sector at the level of the UAE, which is likely to reach 30 billion dollars (110 billion dirhams) by 2025.

The report predicted that the size of the tourism and travel sector in Sharjah would reach $20.3 billion (74.5 billion dirhams) by 2027, based on growing tourist attractions, new hospitality and leisure projects, and government investment in tourism infrastructure projects. The report revealed that the advanced manufacturing sector is the future for the state and the Emirate of Sharjah in particular, and estimates the size of the sector in the country at $599 million (2.2 billion dirhams) by the year 2025.

Commenting on the results of the report, Sheikh Fahim Al Qasimi, head of Government Relations in Sharjah, said that “overcoming the economic challenges facing governments and private business requires investment in innovative work options, the development of contemporary management mechanisms that adopt the (external) working method and the development of skills Human cadres, especially among employees working in communication departments and information technology units.”

The Acting Executive Director of the Sharjah Investment and Development Authority (Shurooq), Ahmed Obaid Al Qaseer, added: “Sharjah offers many investment opportunities in various fields, especially within the sectors of the new economy, advanced industries, tourism, agriculture, innovation and Others. With a developed infrastructure and encouraging legislation, the emirate has become a destination for business and industry capital in the region, and we look forward to welcoming more companies that are sure to benefit from the accelerating growth wheel and continued support of creative projects in the emirate and the UAE in general.”

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