New strategy boosts economic and social development of Emirate of Sharjah
The new strategy was outlined at a recent meeting chaired by Waleed Al Sayeg, CEO of Sharjah Asset Management. — Photo provided
Sharjah Asset Management Company, the investment arm of the Government of Sharjah, on Tuesday unveiled a new institutional strategic plan for 2023-25 to promote the economic and social development of the Emirate of Sharjah.
The new strategy, approved by the company’s board of directors, will be implemented in collaboration with various public and private sectors.
According to a statement issued by the company, “the promotion of investment and social responsibility is facilitated by optimally using resources to meet the needs of the Emirati society and ensuring its sustainable well-being.”
The new strategy was outlined at a recent meeting chaired by Waleed Al Sayeg, CEO of Sharjah Asset Management.
Ibrahim Al Houti, CEO of Osool Services. Naira Al Melaiki, Executive Director of Strategy and Excellence Division, senior leaders, executives, division and section heads, company employees and affiliates attended the meeting.
2 main assets
“Since launching Sharjah Asset Management 15 years ago, we have perfected our recipe for success through thoughtful and balanced investments. We have set high standards of sustainability, governance, transparency and flexibility in dealing with significant events and variables,” said Waleed Al Sayeg.
“Furthermore, we have successfully created two fundamental wealth streams: the first is the wealth of wealth the company has acquired over the past few years through numerous investments, market management, partnerships, institutional support and real estate developments. It is the product of experience and expertise that ultimately powers the company.
“We have been able to further develop, invest and profit from this wealth, achieving a quality experience that strengthens the vision and mission of the Emirate of Sharjah. It aims to support the economic and social development of the country and to provide decent living and work opportunities for its citizens, as well as unique infrastructure projects.”
He said the second wealth the company has achieved is that of a young national executive who made the country proud.
“Over the last five years, we have invested in and supported talented and ambitious graduates, so the company considers them our winning bet. as well as giving them many opportunities to prove their capabilities.Sharjah Asset’s management team today is made up of an elite group of young, ambitious and creative leaders who will lead the company in the future. I look forward to taking the lead.”
inspiring model sharjah
Naira Al-Meraiki said Sharjah Asset Management Company is investing in the future of the Emirate of Sharjah through projects in various sectors.
“The company’s strategy is to invest funds in and maintain a variety of assets, geographic areas, industries and companies, taking into account how different assets will react to markets and potential economic conditions. We are focused on diversifying and creating an investment portfolio that we put in. Sharjah Asset Management’s portfolio is flexible and more robust,” she said.
“In keeping with the proactive approach of the Emirate of Sharjah and the UAE in various areas, we have developed smart and flexible systems that have successfully anticipated and mitigated challenges, enhancing their capabilities and tools. ‘ she said.
She said the new strategy will seek to support and develop the economic growth environment within the Emirate of Sharjah, with the aim of transforming the Emirate into an exciting model for economic development and development in the United Arab Emirates and around the world. He added that it contains a package of projects and initiatives to do. .
“The strategy also aims to promote the diversification of the emirate’s economy in order to demonstrate Sharjah’s leadership in various areas of the local, regional and global sectors.”
She confirmed that the criteria for organizational excellence are based on the existence of a clear strategic plan. During the company’s new strategy, the plans and work programs necessary to implement the company’s goals and policies were developed in collaboration with all departments of the company. In addition to directly overseeing system quality, improvement, and development processes, research and studies were conducted to achieve the desired institutional excellence.
Six core values in our new strategy
The new strategy is based on six core values: integrity, human capital, environment, innovation, collaboration and organizational agility. We recognize the importance of building strong relationships of trust and respect with all our stakeholders by adhering to ethical standards and integrity in all that we offer.
We also believe in the importance and value of every employee and strive to empower employees by creating a positive work environment characterized by ensuring justice, job security, and the qualifications and empowerment of human executives. We continuously seek to achieve the happiness of
The company is committed to environmental protection by following international laws and regulations and investing and adopting advanced technology in various activities to reduce environmental waste.
The company’s new strategy applies the concepts of creativity, innovation and team spirit to strengthen teamwork and commit to building positive and fruitful relationships with all stakeholders to create value-added excellence. We employ creative ideas that provide superior services and make a positive difference in society.
The company also believes in organizational agility through rapid response to change with flexibility, efficiency and smoothness, and has expanded the labor market to enhance business continuity and ensure that stakeholder needs are met. keeping pace with the development of
goals and objectives
Sharjah Asset Management’s strategic plan focuses on achieving a set of objectives by following four major axes: financial axis, customer axis, internal operations axis, and learning and growth axis. Improve the market value and competitiveness of Sharjah Asset Management within Sovereign Wealth Funds and enhance the experience for clients and all stakeholders.
The company’s strategic plan seeks to achieve many goals, most notably to build a diversified and effective financial platform that works to attract and exceed shareholders’ expectations. In addition to promoting a healthy working environment based on the motivation and empowerment of work teams, this is a credible and innovative working environment with major national and international sectors, with a high level of quality that exceeds the expectations of stakeholders. It is done by building partnerships.
—muzaffarrizvi@khaleejtimes.com
