Oxford Business Group economic report to focus on Sharjah

Nekia Lane, director for Sharjah Oxford Business Group
Nekia Lane, director for Sharjah Oxford Business Group

The Report: Sharjah 2016, an in-depth analysis of the economic scenario of Sharjah, will be published by the UK-based global publication firm Oxford Business Group (OBG) later this year.

The report is likely to be the most comprehensive English-language economic review on the emirate’s market, covering recent key policy developments and the opportunities for investment in each of the key sectors of the economy. It will have specific coverage for financial services, industry, energy, transportation, infrastructure, construction, real estate, tourism, health and education as well as broad macroeconomic analysis.

There will also be detailed coverage of Sharjah's efforts to enhance its business environment. Other subjects set for analysis include the key role earmarked for Sharjah's economic zones in further strengthening its industrial base.

“Oxford Business Group has been active in the UAE for the past 11 years, producing acclaimed business intelligence on Dubai, Abu Dhabi and Ras Al Khaimah,” Nekia Lane, director for Sharjah Oxford Business Group, told the Gulf News Journal. “As a result of our existing strong reputation in the country, Shurooq (Sharjah Investment and Development Authority) asked us to write a similar report on the Sharjah economy.”

Earlier, Shurooq signed a memorandum of understanding (MoU) with OBG for contributing to research on The Report: Sharjah 2016, primarily by providing relevant economic data to ensure an accurate depiction of the Sharjah economic story.

With more than 127,000 pre-subscribers, many of whom are members of the global business elite (Fortune 500 companies and major institutional investors, for instance), the report will reach the people and companies that have the ability to make large-scale investments in the Sharjah economy. By pointing out the developments and opportunities in specific sectors, OBG aims to direct them to the most promising areas, benefitting the economy and people of Sharjah as a whole.

Lane said that the opportunities available in Sharjah for foreign investors are not as well-known as those in neighboring emirates. There is very little high-quality sector-specific information in English on its economy, which is the third-largest in the UAE, with a GDP of approximately $25 billion.

“Through our analysis, we want to highlight how foreign investors and businesses can benefit from specific opportunities within the emirate’s economy,” Lane added. “For example, given its strength in manufacturing - one-third of the UAE’s total manufacturing output - we hope to detail some of the many opportunities in this important sector.”

OBG has grown by leaps and bounds in the more than 20 years of business intelligence and looks forward to applying that excellence in Sharjah. As in each of the 38 markets in which OBG operates, this is an exciting opportunity to present Sharjah to an international audience as it has never been presented before.

“We look forward to the opportunity to work hand in hand with the public and private sectors in this goal of positioning Sharjah’s economy as one of the most dynamic and rewarding in the region,” Lane said.

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