Ruwad approves funding for three new Sharjah projects worth Dhs1.8m

The Sharjah Entrepreneurship Foundation (Ruwad), affiliated with the Sharjah Economic Development Department (SEDD), has approved funding for three projects in the Emirate, totalling Dhs1.8 million.

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This was announced during the 38th meeting of the Foundation’s Project Financing Committee, chaired by Hamad Ali Abdullah Al Mahmoud, Chairman of the SEDD.

The meeting agenda included reviewing project funding applications.

The committee approved direct funding of Dhs400,000 for a professional project in Kalba, and Dhs400,000 for an industrial project in Sharjah under the direct funding scheme supporting the industrial sector. Another industrial project was approved for Dhs1 million through indirect financing via a bank.

By mid-October, the total number of projects approved by the Project Financing Committee in 2025 reached 19, with total funding of Dhs5.66 million.