Sharjah turns to AI to boost growth and speed up business processes
Sharjah is using artificial intelligence to cut the time it takes foreign investors to identify business opportunities, as the emirate seeks to build on a surge in investment activity despite mounting geopolitical uncertainty . A new AI-powered platform, called Najm, will initially help investors find sites for factories and warehouses across the emirate. It was launched by the emirate’s…
Sharjah is leveraging artificial intelligence to accelerate business processes and enhance investment appeal amidst heightened geopolitical concerns. The emirate's investment promotion agency, Invest in Sharjah, has unveiled an AI-powered platform named Najm. Initially, Najm will assist foreign investors in pinpointing industrial sites and commercial real estate for factory and warehouse construction.
The AI agent, unveiled by Sharjah's chief executive Mohamed Al Mushrrakh, aims to provide immediate, pertinent information to investors, eliminating the time-consuming process of sifting through extensive data. Collaborating with property portals Bayut, Property Finder, and e-commerce platform Dubizzle, Najm will tap into real estate data from these platforms to deliver instant insights.
The launch of Najm is a strategic response to the need to streamline Sharjah's investment landscape, combat information overload, and stimulate foreign direct investment. Sharjah, the third-largest UAE emirate after Abu Dhabi and Dubai, boasts 33 industrial zones. The emirate witnessed over 16,000 real estate transactions in the first half of the year, with Muwaileh commercial area leading in deal volume.
FDI inflows to Sharjah surged by 8.8% year-on-year, reaching Dh7.74 billion, and project count increased by 45% to 142 developments. In the forthcoming phase, Najm will broaden its scope to encompass healthcare, education, and technology sectors. Al Mushrrakh emphasized that Najm is merely the beginning, with plans to invest in human capital, technology, infrastructure, and public-private partnerships.
This multifaceted approach aims to fortify Sharjah's economy, attract fresh investments, and develop new opportunities collaboratively.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
