Ruwad approves financing tourism project with AED400,000
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Ruwad approves financing tourism project with AED400,000

SHARJAH, 15th June, 2022 (WAM) — The Sharjah Entrepreneurship Foundation (Ruwad), affiliated to the Department of Economic Development in Sharjah, has approved the financing of a tourism project on the eastern coast of the UAE with AED400,000 from the asset financing programme.

The approval came during Ruwad’s 10th meeting in 2022, held under the chairmanship of Hamad Ali Abdullah Al Mahmoud, Director of Ruwad.

The committee discussed aspects related to the financing balance and presented the advanced projects for financing.

Al Mahmoud explained that the committee decided to extend the funding decision for projects in the event of justified reasons for a similar period to an additional 90 days, as it is an added advantage offered to the owners of the funded projects and contributes to their success and ensuring their effectiveness and progress.

The matters discussed in the meeting also included discussing the need to promote activities to attract activities from various sectors.

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