Ruwad trains 461 entrepreneurs, funds 7 projects worth Dhs1.19m

The quarterly report of the Sharjah Foundation for Supporting Entrepreneurial Projects (Ruwad), affiliated with the Sharjah Economic Development Department (SEDD), revealed that seven new entrepreneurial projects were financed through direct funding in the third quarter of 2025, with a total value of Dhs1.19 million.

- Fatima Al Ali, Acting Director of Ruwad

The Foundation also expanded its membership by 135 new projects, renewed 108 memberships for the second and third years, and extended 52 for the fourth and fifth years. Thirty projects secured contracts with government entities worth Dhs1.57 million, while 461 entrepreneurs benefited from 21 training programmes and workshops held between July and September 2025.

Hamad Ali Abdullah Al Mahmoud, Chairman of SEDD, said Sharjah’s entrepreneurial environment continues to grow and diversify, reflecting the determination of Emirati youth to capitalise on opportunities offered by the emirate’s economic ecosystem. He praised Ruwad's role in fostering innovative and productive national talent capable of contributing to the local economy and enhancing the competitiveness of their projects.

He added that Ruwad’s initiatives help national projects expand, generate quality job opportunities, and support sustainable development, in line with Sharjah’s policies and economic incentives.

said the Foundation continues to develop its financing, advisory, and training services to strengthen youth participation in shaping the national economy. “We are witnessing tangible growth across all our services and an increase in the number and value of government contracts,” she said.