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Hamriya Free Zone, India’s Gandhar Oil Refinery, sign investment agreement

Saud Salem Al Mazrouei, Director of the Hamriya Free Zone Authority and the Sharjah International Airport Free Zone Authority, signed an investment agreement with Ramesh Parekh, Chairman of Gandhar Oil Refinery India, to establish an integrated project to produce white oil, liquid paraffin, hydraulic liquid, transformer oil, rubber processing oil, motor oil and industrial oil. The agreement was signed to ...

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SPWD accomplishes AED2.5 million Mafraq Park in Kalba

The new park is an addition to the series of park projects being implemented by SPWD in the various areas of the emirate. Engineer Ali bin Shaheen Al Suwaidi, Chairman of  Sharjah Public Works Department, said that the project is part of a series of development projects that came within the directives of His Highness Sheikh Dr. Sultan bin Mohamed ...

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Shurooq and Emaar Hospitality Group announce Vida Al Qasba Sharjah

The Sharjah Investment and Development Authority (Shurooq) signed a management agreement with Emaar Hospitality Group to operate a lifestyle boutique hotel in the heart of Al Qasba, one of the most popular lifestyle and leisure destinations in the emirate. Vida Al Qasba Sharjah, to be operated under Emaar Hospitality Group’s Vida Hotels and Resorts, an upscale lifestyle hotel and serviced ...

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Moody’s rating to boost investments into Sharjah

The recent Moody’s rating for Sharjah will impact positively on the emirate’s business environment as well help in attracting investments, according to the chairman of Sharjah Economic Development Department (SEDD). Sharjah’s rating of A3 by Moody’s Investors Service is based on the increased government revenue, stability of the budget indicators and high gross domestic product (GDP) per capita, Sultan Abdullah ...

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First Korean healthcare facility to open in Sharjah

The Sharjah Investment and Development Authority (Shurooq) has signed a memorandum of understanding with REI Holding Group and Haewon Medical Foundation Sejong General Hospital to establish the first Korean hospital in Sharjah. The signing ceremony took place in the South Korean capital Seoul, where Shurooq Executive Chairman Marwan bin Jassim Al Sarkal and representatives from Shurooq and REI Holding were ...

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Economic Majlis Highlights Importance of Incentives in Supporting Business Sectors in Sharjah

200 senior government officials, consuls, businessmen and investors take part in economic session Al Shehhi: “Newly introduced incentives play a vital role in stimulating the business environment.” Al Sarkal: “Economic Council highlights flexible legislation Sharjah offers to investors” Al Hajri: “Our aim from the Majlis is to map out strategic opportunities to boost Sharjah’s FDI and diversified sectors” Al Musharrakh: ...

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Dutch Investors Demonstrate Keen Interest in Sharjah’s Successful Economic Experience

The Sharjah FDI Office (Invest in Sharjah) and senior officials from business departments in Sharjah have met with top Dutch investors and national commercial entities at the ‘Sharjah–Netherlands Business Seminar’ in Rotterdam on Wednesday (May 9), sharing latest insights about Sharjah’s rapidly transforming economic experience, which has seen a given rise to lucrative business opportunities in a diversity of non-oil ...

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New road project to boost connectivity and logistics in Sharjah

Sharjah’s largest infrastructure project has taken another step towards completion following the inauguration of the Middle East’s longest covered tunnel, part of a highway development expected to boost connectivity, trade and logistics between the east and west coasts of the emirate. On April 14 Sheikh Sultan bin Muhammad Al Qasimi, ruler of Sharjah and member of the UAE’s Supreme Council, set ...

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Invest in Sharjah Wins ‘Investment Project Agency’ Award for Second Consecutive Year

Leading economic development agency in Middle East in attracting capital investment projects The Sharjah FDI Office, (Invest in Sharjah), has reinforced its status as one of the region’s key foreign investment drivers, having been recognised once again as a top ‘Investment Project Agency’ (IPA) in one of the most important and prestigious investment industry awards worldwide. The ‘Mac Conway’ awards, ...

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Sharjah Attracts AED 5.97 Billion FDI in 2017 Taking Cumulative International Investments to AED 36 Billion

Sharjah FDI Office (Invest in Sharjah), the investment promotion arm of the Sharjah government has unveiled that the emirate’s performance in attracting foreign direct investment (FDI) in various economic sectors has seen a sharp increase of 102 percent between 2016 and 2017, with FDI inflows worth USD 1.622 billion (AED 5.97 billion) last year as compared to USD 808 million ...

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