The emirate of Sharjah has taken a significant step towards the business future by launching the world’s first commercial license issued entirely through artificial intelligence (AI). This innovative initiative transforms the way entrepreneurs and investors obtain the necessary licenses to operate, managing to complete the entire process in less than five minutes. This advancement not only highlights Sharjah’s technological forefront but also positions the emirate as a preferred destination for business creation and expansion.
The presentation of this revolutionary service took place at the Sharjah Investment Forum (SIF 2024), where prominent leaders and representatives from key institutions gathered. Among the attendees were the Deputy Ruler of Sharjah, Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi, and other senior officials from the Sharjah Investment and Development Authority (Shurooq). Additionally, leading technology companies such as Microsoft and the Sharjah Publishing City Free Zone (SPC) participated in this event, demonstrating the joint commitment to digital transformation and business efficiency.
Innovative implementation of AI in the granting of commercial licenses
The adoption of artificial intelligence in the business licensing process represents a milestone in the modernization of business services in Sharjah. This automated system facilitates investors and entrepreneurs in obtaining the necessary licenses quickly and effectively, eliminating long wait times and traditional bureaucratic procedures. By integrating AI, Sharjah demonstrates its ability to innovate and adapt to the changing needs of the global market.
Initially, the service is available through the Sharjah Investor Services Center (Saeed) and the SPC Free Zone, offering an accessible and efficient platform for those who wish to establish their businesses in the emirate. AI technology not only streamlines the process but also ensures accuracy and security in the issuance of licenses, reducing the margin of human error and increasing investors’ confidence in the system.
This pioneering approach positions Invest in Sharjah as the first investment promotion agency worldwide to adopt AI technology for granting business licenses. This advancement reinforces the emirate’s commitment to cooperation and investment in both regional and global markets, setting a high standard for other regions seeking to modernize their business processes.
Impact of artificial intelligence in the business environment of Sharjah
the implementation of ai in the commercial licensing system not only revolutionizes the permit acquisition process but also has a profound impact on sharjah’s business environment. by improving operational efficiency, businesses can focus more on their core activities, increasing their productivity and competitiveness in the global market. this more dynamic and proactive environment is essential for attracting and retaining international investors who seek regions with advanced facilities for establishing businesses.
furthermore, the integration of ai fosters a culture of innovation within sharjah’s business community. by adopting cutting-edge technologies, local companies are inspired to explore new opportunities and implement technological solutions that drive their growth and sustainability. this innovative spirit is essential for long-term economic development, as it promotes the creation of high-quality jobs and the development of advanced sectors such as healthcare, logistics, and agriculture.
the general director of invest in sharjah, mohamed juma al musharrkh, emphasized that this advancement transforms sharjah’s attractive investment environment, positioning the emirate as a leading destination for future-oriented and sustainable investments. the use of ai in business processes not only streamlines the creation of new companies but also reinforces sharjah’s position as a hub for foreign direct investment (fdi) and as a top-tier innovation center.
Leadership of Sharjah in foreign direct investment and startup ecosystems
Sharjah has established itself as one of the main destinations for foreign direct investment globally, occupying the fifth position in the growth of FDI projects and the fourth in the Gulf region in terms of startup ecosystems. This leadership is largely due to the emirate’s ability to integrate advanced technologies into key sectors, creating an environment conducive to innovation and business development.
The Sharjah Publishing City Free Zone (SPC) is an emblematic example of this technological integration. As the first free zone to implement AI-based licensing, SPC sets a new standard for launching businesses in the region. This initiative not only facilitates company creation but also attracts entrepreneurs and international companies seeking advanced and efficient business environments.
Sharjah’s commitment to digital transformation and continuous innovation positions the emirate as a leader in the adoption of sustainable and future-oriented business practices. Collaboration among government, technological, and business entities further strengthens Sharjah’s ability to attract global investments and foster a dynamic and competitive business environment.
In conclusion, Sharjah demonstrates its capacity to lead business modernization through the adoption of artificial intelligence in commercial licensing. This advancement not only improves the efficiency and flexibility of the business environment but also reinforces the emirate’s position as an attractive and ever-growing investment destination. With its innovative approach and commitment to sustainability, Sharjah is prepared to face future challenges and continue its path towards global leadership in investment and business development.
