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Sharjah International Book Fair is a cultural event held every
year in Sharjah. It started in the year 1982 and now it attracts
publishers, readers and speakers from all over the
world.[citation needed]
Economy
Souq Al Markazi at night
Sharjah is the headquarters of Air Arabia, the first low-cost
airline in the Middle East, which operates to the Middle East,
Asia and Europe. Its headquarters are located in the Sharjah
Freight Center,[54] on the property of Sharjah International
Airport.[55]
Sharjah Airport International Free Zone, popularly known as
SAIF Zone, is one of the prominent free-trade zones in UAE.
More than 6000 companies operates from SAIF Zone. The cost
of setting up business in Sharjah is less than in any other
emirates of UAE, and the focus of industrialization has in recent
years turned Sharjah into a commercial center. Thanks to the
facility of 100% foreign ownership, repatriation of capital and
profits and exemption from income and corporate taxes, SAIF
Zone has attracted investors from more than 90 countries.