Sharjah Investment Forum (SIF 2024) has announced that Sharjah has launched the world's first business license issued entirely through artificial intelligence (AI).
Sharjah introduced the world's first artificial intelligence-based trading license
news agency wam , 19 Sep 2024 - 14:15
Sharjah Investment Forum (SIF 2024) has announced that Sharjah has launched the world's first business license issued entirely through artificial intelligence (AI).
According to Amac News: In the announcement of the Sharjah Investment Forum, it is stated that it has introduced the first artificial intelligence-based business license in the world to complete the entire licensing process in less than five minutes.
This new service will initially be available through the Sharjah Investor Service Center (Saeed) and the SPC Free Zone, enabling investors and entrepreneurs to obtain their business license in less than five minutes. The service will soon be expanded to cover other free zones across Sharjah.
This milestone makes Sharjah Investments the first investment promotion agency in the world to use AI technology for business licensing and reinforces its commitment to foster cooperation and investment between regional and global markets. slow down
The SPC Free Zone, a flagship initiative of the Sharjah Book Authority (SBA), has also set a new benchmark by becoming the first free zone to implement AI-based licensing, revolutionizing doing business in the region.
Sharjah's new AI-based licensing system is set to increase the flexibility and efficiency of the business environment across sectors.
Sharjah ranks fifth globally in FDI project growth and fourth in the Gulf region for startup ecosystems, positioning it as a leader in integrating technology into key sectors such as agriculture, healthcare and logistics.
This initiative is part of Sharjah's broader vision for more diversified economic development and creating a business environment for sustainable growth and supports its long-term development goals.
Story Code: 1615