Sharjah is stepping up its efforts to support entrepreneurs in the industrial sector. Ruwad, the Sharjah SME program, has unveiled a new industrial financing initiative that offers loans of up to Dhs800,000. The program also includes flexible payment plans and grace periods to help new businesses thrive.

Hamad Ali Abdullah Al Mahmoud, Chairman of Sharjah Economic Development Department, emphasized the government’s focus on the industrial sector, calling it a key driver of economic growth and job creation. He stated that this new initiative aims to attract Emirati entrepreneurs to launch projects that strengthen local industries and expand their reach to global markets.

The financing program targets specific industries, including agriculture, food production, equipment manufacturing, aluminium and iron works, and personal care products like detergents and perfumes. Entrepreneurs can find detailed information about eligible sectors on the Ruwad website.

In 2024, Ruwad funded two industrial projects with a combined Dhs550,000, supporting their assets and operations. The number of industrial projects under Ruwad’s umbrella has now grown to 17 across Sharjah.

Ruwad is also focused on equipping entrepreneurs with the skills they need to succeed. Acting Director Fatima Al Ali highlighted that the program conducted six specialized training sessions in 2024, benefiting 84 entrepreneurs, including 57 women. These initiatives aim to help business owners adopt modern industrial technologies and explore new growth opportunities.

Through training, advisory services, and business accelerators, Ruwad is committed to creating a thriving ecosystem for industrial entrepreneurs and boosting the competitiveness of Sharjah’s industries.