Sharjah has launched the world’s first trade licence issued entirely through artificial intelligence (AI), a groundbreaking step that enables entrepreneurs and investors to complete the entire licensing process in less than five minutes.
The initiative was launched at the Sharjah Investment Forum (SIF 2024) in the presence of His Highness Sheikh Abdullah Bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and Sheikha Bodour Bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), the Sharjah FDI Office (Invest in Sharjah), Microsoft, and Sharjah Publishing City (SPC) Free Zone.
Ahmed Bin Rakkad Al Ameri, CEO, Sharjah Book Authority (SBA); Mohamed Juma Al Musharrakh, CEO, Invest in Sharjah; and Naim Yazbeck, General Manager, Microsoft UAE also attended the launch.
A world-first AI licensing system
The upcoming service will initially be available through the Sharjah Investor Services Centre (Saeed) and SPC Free Zone, enabling investors and entrepreneurs to obtain their trade licences in less than five minutes.
Meanwhile, SPC Free Zone, a flagship initiative of Sharjah Book Authority (SBA), has also set a new benchmark by becoming the first free zone to implement AI-driven licensing, revolutionising business launch in the region.
Driving investments
“By integrating AI technology, we are redefining an investment-friendly infrastructure, ensuring Sharjah stays ahead in attracting local and international businesses. Our new service sets a new benchmark for the global shift toward automating business processes and harnessing AI advancements,” explained Al Musharrakh.
“This transformative approach positions Sharjah as a leading hub for future-focused, sustainable business practices,” remarked Yazbeck.
“This AI-powered licence and similar innovation-first incentives introduced by Sharjah further enhance SPC Free Zone’s position as an integrated business hub setting global standards in business,” commented Al Ameri.
