Business

Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry based in Sharjah and listed on the London Stock Exchange (symbol: LAM), has won a landmark US$ 225 million (AED 826.5m) contract from UK wind energy developer ScottishPower Renewables. Under the contract, Lamprell will fabricate up to 60 steel foundation jackets for the energy provider’s flagship East ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has confirmed options for five additional Airbus A320 aircraft. The delivery of original contract covering 44 firm orders and 5 options will be completed in 2017. The five new Airbus A320 aircraft will be put into service starting second quarter 2017 backlog and ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 26 percent increase in net profit for the three months ending 30 September 2016, compared to the same period last year. The company attributes the strong third quarter-performance to the success of its expansion strategy. The airline has added five ...

Majid Al Futtaim will invest AED 260 million (US$ 71 million) in the redevelopment of City Centre Sharjah, one of Sharjah’s largest shopping malls located on Al Wahda street in the centre of the city. Scheduled for completion in the last quarter of 2017, the expansion will add 13,700 square metres (147,466 sq. ft.) of retail space and is expected ...

Sharjah-based diversified holding company Gadoya Holdings, has opened a new AED 60 million (US$ 16m) manufacturing facility and corporate office in Sharjah Industrial Area. The Gadoya Holdings group currently employs a workforce of over 900 employees across 14 business verticals including engineeging, electricals, medical, plastics, real estate, travel and tourism, and sports and fitness. The new 120,000 square foot site ...

The Arab book market is worth US$1 billion per annum, according to the Chairman of Sharjah Book Authority (SBA), Ahmed Bin Rakkad Al Ameri, who was speaking at a panel session at the Sharjah International Book Fair this week. Some 650,000 people have visited the 35th edition of the eleven-day book fair during its first four days, with 1,681 publishing ...

Sharjah National Oil Corporation (SNOC) has announced the launch of a new 500 square kilometre (195 sq. mile) 3D seismic onshore survey to identify potential deep reservoirs of oil and gas. Expected to be completed by the end of 2016, the survey will focus on an area located 40 kilometers southeast of Sharjah city, from Al Soyouh in the north ...

Line Investments & Property LLC this week confirmed plans to open a 43,000 sqm. (462.848 sq. ft.) gross leasable area shopping mall in Sharjah’s Samnan area, near to Industrial Area 5 and the Sharjah Cricket Stadium, by the end of 2018. Multiple new developments across Sharjah are expected to add over 3 million square feet (278,000+ sqm.) of shopping mall space ...

Trade, investment and tourism from India have become a top priority for Sharjah, as its trade promotion organisations campaign widely to capitalise on growing interest in the emirate. Sharjah Commerce and Tourism Development Authority (SCTDA) and Hamriyah Free Zone both launched new marketing roadshows targeting India during the past few days, building on a busy year of promotion activities by Sharjah authorities. ...

Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and global facilities management service provider Apleona (formerly Bilfinger Facility Management and Building Services), have signed a joint venture agreement to establish a new world class facilities management company headquartered in Sharjah. Apleona delivers services for the property lifecycle beginning with property investment and covering planning, construction and ...