Sharjah SME “Ruwad” has introduced a new industrial sector financing programme, offering up to Dh800,000 in financing alongside flexible grace periods and payment options. The initiative aims to boost entrepreneurship and economic growth in Sharjah by supporting priority industrial projects.
“The new financing programme approved by the Project Financing Committee in ‘Ruwad’ falls within Ruwad’s direct financing programmes and provides financing facilities, advantages, and incentives dedicated to priority industrial projects,” said Hamad Ali Abdullah Al Mahmoud, Chairman of Sharjah Economic Development Department.
“Ruwad recognises the importance of moving forward in implementing its commitments towards supporting the interest of young citizens in starting projects that consolidate the position of Emirati industries.”
The programme targets various industrial activities, including agriculture, food production, equipment manufacturing, aluminium and iron works, and personal care products such as detergents and perfumes. Details are available on the Ruwad website.
In 2024, Ruwad financed two industrial projects with a total of Dh550,000, increasing its support to 17 member industrial projects across Sharjah.
“Ruwad has intensified the implementation of specialised training programmes and advisory sessions provided to owners of industrial projects,” said Fatima Al Ali, Acting Director of Ruwad.
During 2024, Ruwad conducted six specialised training programmes benefiting 84 entrepreneurs, including sessions under the “Make in Sharjah” initiative. These covered topics such as restaurant investment, confectionery production, health and beauty industries, and metals and pumps manufacturing.