Sharjah Economic Development Department (SEDD), in cooperation with the Sharjah Foundation for Supporting Entrepreneurship (RUWAD), organized a workshop dealing with preparing feasibility studies for industrial projects in Sharjah.
The workshop aimed at introducing participants to the basics of feasibility study and ways to develop projects, and principles of managing the administrative, financial, and marketing aspects of industrial projects.
Several young entrepreneurs who own industrial projects and several students from the University of Sharjah specializing in business administration in industrial engineering attended the workshop.
The workshop, presented by Advisor Mr. Rashid Sawaqed, Project Development Advisor at RUWAD Foundation, discussed the importance of marketing feasibility studies, which depend on collecting, recording, and analyzing market, technical, and financial data for the project, in addition to studying the environmental and social impact of the project.
Also, the workshop highlighted methodologies for developing existing projects, improving productivity rates, quality of services, and increasing income. It should be noted that such a workshop aims to provide attendees with the latest methods for preparing economic feasibility studies for projects and all means that will help them develop their investment initiatives in this vital field. In this context, SEDD called on young entrepreneurs to benefit from the support and facilities provided by ‘RUWAD’ Foundation.
Mr. Hamad Ali Abdullah Al Mahmoud, SEDD Chairman, said that the Department works according to the wise directives of HH Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the continuous support of HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Executive Council, who called for helping young citizens to join markets and practice economic work.
From her side, Ms. Mariam Nasir Al Suwaidi, Deputy Director of the Industrial Affairs Department at SEDD, confirmed that the Department focuses on informing investors about SEDD services and its strategic objectives aimed at empowering national industries and enhancing the competitiveness of Emirati products, and emphasizing that its works provide a suitable industrial business environment for local and international investors.
“This is done to ensure sustainable industrial development while providing consultations and technical support to entrepreneurs and their affiliated factories, to study all the challenges and difficulties facing them to come up with supportive results, recommendations, and decisions that enhance these industrial investments in the emirate,” Ms. Al Suwaidi added.