Hamad Ali Abdullah Al Mahmoud, the department chairman, presided over the 41st meeting of the Project Financing Committee of the “RUWAD,” which is connected to the Sharjah Economic Development Department (SEDD), at the department’s headquarters.
Committee members including Fatima Hassan Al Ali, the Foundation’s director and chair of the Technical Committee for Project Financing, were present at the meeting. The committee examined financing decisions made through the foundation’s direct financing program and the indirect financing program through banks, in addition to the approved financing amount for 2026.
In addition to petitions for reconsideration of earlier rulings on a number of projects, the participants provided a list of projects that had submitted financing applications. The committee deliberated over the requests and made the required choices.
The committee’s approval of Dhs700,000 in funding for a sports sector project via a bank’s indirect financing mechanism demonstrates the foundation’s support for financially feasible projects in important industries.
At the conclusion of the meeting, the committee reiterated its dedication to developing financing policies and initiatives that empower Emirati business owners, promote the sustainability of their ventures, and increase their contribution to Sharjah’s competitiveness and economic growth.
Also Read:
Rakhi Megchiani: Dubai’s Most Trusted Real Estate Advisor For HNIs
Innovative & Accessible Healthcare Solutions With Apex Health | Featuring Anshul Nanda
About Author
