The Sharjah Finance Department (SFD) has launched its strategic plan for the years (2023-2025), in response to the financial aspirations of the Emirate of Sharjah, and in line with its fundamental role in driving development and keeping pace with regional and global financial developments, aiming to achieve its mission in supporting the transformation of Sharjah into a vibrant financial investment center.
The SFD organised a special ceremony for this occasion, held at the “Bee’ah” headquarters in Sharjah, in the presence of Waleed Al Sayegh, Director General of Sharjah Finance Department, Sheikh Rashid bin Saqr Al Qasimi, Director of Sharjah Finance Department, Badr Al Ali, Director of the Strategic Planning and Corporate Excellence Department, and a number of unit managers, experts, department heads, and representatives of the department’s strategic planning.
The event to launch the strategic plan included various important segments. One of the highlights was the screening of a documentary that depicted the stages of preparing the strategic plan. The event also included a speech by Waleed Al Sayegh, and a speech by Badr Al Ali, focusing on the essence of the strategic plan and the role of each organisational unit and employee in ensuring its success. Additionally, the event featured a presentation of the strategic objectives, the strategic map, goals, and the impact of strategic alignment on the SFD’s strategic position.
On this occasion, Waleed Al Sayegh said in his speech: “The new strategic plan has been formulated in line with the directives of H.H. Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah. With this approach, we look towards the future, capable of overcoming challenges, safeguarding accomplishments, and continuing to achieve success and accomplishments in line with his vision and ideas to build a flourishing financial center for Sharjah and future generations.”
Badr Al Ali stated: “We have set a fundamental goal to serve the aspirations of Sharjah to be a regional and global destination, and a prestigious center in the financial field. This is a fundamental area that supports development plans, establishes a solid infrastructure upon which other developmental areas grow, and can confidently overcome global concerns.”
In line with its role in driving development and meeting government aspirations for the emirate of Sharjah, the SFD has linked its strategy to four key government areas to support economic and social development, create opportunities to improve living standards, and ensure the establishment of flexible and reliable government institutions, systems, and services, among others.
In order to maximize Sharjah’s attractiveness in light of the strength of its financial system, the collaborative efforts in formulating the 2023-2025 strategic plan have confirmed the continuous commitment to develop sustainable financial policies, qualify human capital to optimize the Sharjah’s assets, improve the quality of financial accounts, enhance transparency, activate competitive procurement and contracting systems, manage performance budgets with innovative evaluation standards, control and connect expenses with clear mechanisms, and enhance credit ratings, all of which contribute to elevating Sharjah’s financial and investment status.
The strategic plan (2023-2025) seeks to develop a culture of quality of life and enhance institutional and community solidarity, create an environment that promotes excellence, ensure business continuity, activate the investment system in national talent, empower it, accomplish digital transformation, and link artificial intelligence with innovative financial systems.
The Sharjah Finance Department has emphasized the continuity in achieving distinctive accomplishments at the institutional level, particularly regarding government services. The focus in this aspect revolves around enhancing electronic transformation for all services, in addition to achieving excellence in government performance to enhance and improve the quality of services provided by SFD to all stakeholders. Ensuring stakeholder satisfaction always contributes to achieving institutional excellence. Currently, work is underway to re-engineer the operational processes for all organizational units of the department in order to keep pace with the requirements of the new strategic plan.
The ceremony also witnessed the implementation of a new initiative, inviting every department manager within SFD to the platform to receive a model that embodies the role and position of each team and department. Each department manager and office received their specific model, which they are to reconstruct and return to the department’s headquarters after three years, filled with successes, achievements, and innovations. The model remains at the department’s headquarters for everyone to see, using this concept as a model for work, contribution, excellence, and innovation.