Emiratisation key to Sharjah $5.5bn 2016 budgetby Neha Bhatia on Feb 22, 2016
The UAE's Sharjah Emirate has approved its government budget for 2016.
The budget records a 2% increase in spending to $5.52bn (AED20.3bn).
Of the total budget, 6% has been allocated for assistance and support, with 2,500 government jobs created for citizens.
The level of infrastructure expenditure will be maintained, according to Arabian Business.
An increased focus on Emiratisation has also been pencilled into the budget's aims.
Aimed at enhancing the Emirate's cultural and educational segments, Sharjah's 2016 budget seeks to deploy economic diversification tactics for improved performance.
Waleed Al Sayegh, director general of the Finance Department of the Government of Sharjah, said: "The revenue's increase of 8% shows Sharjah's strategic approach to diversifying resources.
"The general budget has taken into consideration changes in the world economic climate and shows the capabilities of Sharjah to move forward and to achieve sustainable growth," he added.
- UAE: ALEC signs enterprise agreement with Aconex
- Bahrain: Alba hands power station deal to Siemens
- Empower launches mobile chiller trailers in Dubai
- KBW confirms two infrastructure projects in Jordan
- Caterpillar: New 320D2L excavator more efficient
- Siemens raises outlook following quarterly growth
- Sohar Industrial's $51m Phase 7 works 30% complete
- Levitating pods to revolutionise UAE transport
- Dubai Industrial Strategy to add $45bn to economy
- Why is Masdar installing sensors in UAE mosques?