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The emirate of Fujairah occupies a prestigious position in the field of economic sectors, as it is characterized by highly competitive components that make it a center of attraction for investors due to many competitive factors that increase its attractiveness at the global level, including advanced infrastructure, encouraging investment policies and a stable investment environment.
His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the Supreme Council of the Union and Ruler of Fujairah, issued Emiri Decree No. 3 of 1980 establishing the Department of industry and economy in the emirate of Fujairah under the chairmanship of His Highness Sheikh Saleh bin Mohammed Al Sharqi, with the aim of empowering the economic sectors in the emirate and raising its contribution to the gross local product, as the department aims to:
1. Working to achieve sustainable economic development and promote growth and prosperity in the emirate.
2. Promote investment in the emirate by creating a favorable and attractive investment environment for local and foreign investors.
3. Developing national industries by supporting small and medium-sized enterprises to enhance the industrial sector in the emirate
4. Enhancing international cooperation and exchange of experience in the fields of industry and economy.
5. Promoting technology and innovation through using technology and encouraging innovation in local industries.
6. Preparing development programs, plans and projects by adopting the best international practices in the economic field.
7. Work to ensure the economic interest of the Emirate through cooperation with the relevant local, federal and international authorities.
To achieve these goals, the department is specialized in the following tasks:
1. Planning and organizing economic activity in the emirate: developing strategic plans that determine the directions of economic development and organizing economic activities in a way that promotes sustainability and economic balance in the emirate.
2. Enhancing investment relations and attracting foreign investment: seeking to attract more investments to the emirate by providing support and facilities to investors and encouraging them to invest in vital and future sectors.
3. Enhancing the competitiveness of the business environment: working to create a competitive environment that encourages innovation and economic growth, by participating in the development of laws, regulations and economic policies.
4. To develop and support the industrial sector in the emirate in coordination with local and federal authorities.
5. Promotion of the national product: work on the promotion of national local products to enhance the status of the national product and the development of national exports.
6. Preparing future studies: working on preparing economic studies to plan effectively for a sustainable future and directing investments towards promising and future sectors, which contributes to enhancing stability in the long term.
7. Preparing development plans, programs and economic projects to support economic growth in the emirate.
8. Make recommendations on draft federal economic laws.
9. Organizing economic forums and seminars, exchanging knowledge and experiences.
