Picture used for illustrative purposes.

Gulf Today, Staff Reporter

In implementation of the directives of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the Executive Council (SEC) issued a decision granting a 50 per cent discount on fees of attestation of late rental contracts in the Emirate of Sharjah until end of this year. This was announced during the SEC meeting held on Tuesday under the chairmanship of Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the SEC.

The meeting was attended Sheikh Sultan Bin Ahmed Bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Executive Council. Held in the Ruler’s Office, the meeting discussed the agenda topics with respect to following up on the progress of government work and discussing the general policies of all government departments and bodies in the Emirate of Sharjah.

The SEC discussed a report on the efforts of the Department of Economic Development to support and develop the economic and industrial sector in co-operation with all authorities. The report outlined the initiatives and activities implemented by the department including the establishment of supporting and organizing committees for the economic situation and participation in the federal and local committees concerned with the department’s scope of competence.

The report called for developing the legislative structure of the economic and industrial environment to keep pace with the great development seen in technical and digital transformations, opportunities and modern areas. It also called for providing the best services and incentives for investors and entrepreneurs. The report also dealt with the department’s participation in several national economic projects aimed at enhancing the competitiveness of the UAE economy and fulfilling the strategic goals.

The SEC valued all efforts in support of the economic environment, underlining the need to follow up on all elements of economic work with a view to providing all services, overcoming obstacles and creating a stimulating environment for the economic sector to grow without harming the social, security, cultural and other sectors.