SHARJAH: Sharjah has made history by launching the world’s first trade licence issued entirely through artificial intelligence (AI), allowing entrepreneurs and investors to complete the process in less than five minutes. This innovative service was introduced at the Sharjah Investment Forum (SIF 2024) and is currently available at the Sharjah Investor Services Center (Saeed) and Sharjah Publishing City (SPC) Free Zone, with plans to expand to other free zones soon.
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This AI-driven licensing system sets a new global benchmark, positioning Sharjah as the first investment promotion agency to adopt such advanced technology. It strengthens Sharjah’s reputation as a forward-thinking, investment-friendly destination, particularly appealing to local and international businesses seeking efficiency and innovation. The SPC Free Zone has also become the first in the region to use AI for issuing licences, making business launches faster and more streamlined.
Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah, highlighted that this move solidifies Sharjah’s position as a global hub for future-focused investments, offering businesses a cutting-edge infrastructure to thrive. By embracing AI, Sharjah aims to foster a sustainable, innovation-led economy that continues to attract foreign direct investment (FDI).
Naim Yazbeck, General Manager of Microsoft UAE, emphasized how AI is transforming business operations, making them more efficient and attractive to global investors. Ahmed bin Rakkad Al Ameri, CEO of Sharjah Book Authority (SBA), added that this initiative boosts SPC Free Zone’s role as an integrated business hub, particularly for creative industries that rely on innovation.
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Sharjah’s AI-powered licensing system is a key part of its broader vision for a diversified economy. It aims to accelerate business formation, enhance foreign investment, and solidify the emirate’s role as a leader in technological innovation across sectors like healthcare, agriculture, and logistics. This initiative supports Sharjah’s long-term goals for sustainable economic growth and development.
