Infrastructure worth 30% of Sharjah's 2017 budget
Funding for economic, social, scientific, and cultural growth has also been accounted for in the $5.9bn budget for 2017, the largest in Sharjah's history
Infrastructure spending accounts for 30% of Sharjah's budget for 2017, it has been revealed.
Sheikh Mohammed bin Saud Al Qasimi, chairman of the Central Department of Finance in the UAE emirate, added that the budget amounts to $5.9bn (AED22bn), making it the largest in Sharjah's history.
He continued: "The increase in infrastructure spending amounts to 7% more than in 2016."
While funding for economic, social, scientific, and cultural growth has also been accounted for in the budget, infrastructure and social investments remain a priority for the emirate.
Waleed Al Sayegh, director-general of the Central Department of Finance, said the emirate's programme focused on the relative importance of the economic development sector, which accounts for 41% of the total budget.
Al Sayegh reiterated that this figure "reflects the level of interest in economic development and its impact on improving the competitive position of the emirate", WAM reported.