Business

Radiant Group, an Indian petrochemicals firm, is to build a 60,000 metric tonne capacity oil distillation plant in Hamriyah Free Zone, at a cost of US$10 million (AED 36.5m). Radiant has leased 107,639 square foot of land in Phase Two of Hamriyah Free Zone and expects the new facility to be completed by mid-2017. Based in the Indian state of Maharashtra, ...

Sharjah Chamber of Commerce and Industry (SCCI) has announced a new Sharjah Top 10 Businesses Award as an addition to the chamber’s annual shjSEEN Awards programme, which recognises outstanding business achievement in Sharjah. The new award is an invite only award to encourage performance across the private sector. The Sharjah Top 10 Businesses Award draws on the Excellence Model of ...

SOEX Group, a global leader in recycling and marketing used textiles, is to establish a recycling plant in Sharjah’s Hamriyah Free Zone at a cost of 5 million Euros (AED 21m). Expected to open in mid-2017, the 322,917 square foot (30,00 sqm.) free zone facility is the German company’s first in the United Arab Emirates and will employ 300 to 400 ...

Sharjah will add over 3 million square feet (278,000+ sqm.) of premium shopping mall space by the year 2020, with expansion plans being implemented by shopping mall developers and operators. Developers aim to capitalise on extensive new master-planned developments in Sharjah’s suburbs alongside the development and redevelopment of Sharjah’s urban areas and the continued growth of the emirate as a ...

Leaders from the Middle East and Africa’s exhibition industry met in Sharjah this month for a Global Association of the Exhibition Industry (UFI) Leadership Meeting. The meeting of the UFI’s Middle East and Africa Chapter was held at the Sharjah Chamber of Commerce and Industry on 2 June 2016 and was attended by exhibition organisers, venues and industry service providers. ...

Majid Al Futtaim Holding is building a ‘super-regional’ shopping mall at Al Zahia community in Sharjah, which is planned to open in 2018. Al Zahia is a 1.3 million square metre (14m sq ft) masterplanned gated community being developed by Majid Al Futtaim and owned by Sharjah Holding, a joint venture between Majid Al Futtaim and the Government of Sharjah. ...

Global business aviation services company Gama Aviation plc now offers ‘Category Zero’ handling for its fixed based operations (FBO) at Sharjah International Airport. New handling rates have been introduced to encourage the region’s light aircraft users to use Gama’s facilities at the airport. According to the company, there are some 128 light aircraft in the Middle East, accounting for 16 ...

Sharjah Electricity and Water Authority (SEWA) is evaluating eight bids for the contract to expand and convert Hamriyah power plant from an open-cycle plant to a combined-cycle facility, according to Middle East Economic Digest (MEED). Media reports indicate that the expansion is expected to increase electricity production capacity from 500 Megawatts (MW) to between 1,000 MW and 1,500 MW. The ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 34 percent increase in its net profit for the three months ending 31 March 2016, compared to the same period last year. The strong first quarter financial results exceeded analyst expectations, despite regional economic uncertainties resulting from lower oil prices. ...

Sharjah Investment Center (SIC), a new 32 million square foot mixed-use industrial development in Sharjah, has sold 80 percent of the plots in its first two development phases to-date, according to Saudi property developer SNASCO. The project, which is a joint venture between SNASCO and UAE investors, has sold 350 plots out of the 15 million sq. ft. area allocated ...