Business

Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, plans to launch the second stage of sales for Al Saja’a Industrial Oasis on April 28th via a sales event at the Sheraton Sharjah Beach Resort and Spa. SAM opened sales for the first stage of its new 14 million square foot industrial estate in October last year, ...

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, is studying plans for two new real estate developments in Sharjah worth an estimated AED 3 billion (US$822m), according to media reports. The company is also considering projects elsewhere in the region, including possible projects in Saudi Arabia. The new Sharjah projects in consideration are, reportedly, ...

KBW Investments and Basma Group Sharjah have formed two construction UAE joint-ventures in Sharjah, Klampfer Middle East LLC and Arcadia Middle East LLC. The agreements were signed in Sharjah this week by HRH Prince Khaled bin Alwaleed bin Talal, Chairman, KBW Investments, and Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group Sharjah. The creation of Klampfer Middle East LLC ...

A new 37,000 square metre shopping mall is being built near to Sharjah International Airport by Alef Group, a Sharjah-based real estate developer. The company has announced that it has awarded the construction contract for the AED 210 million (US$ 57m) retail complex to UAE contractor Omis Contracting and that it expected the complex to open in April 2017. Branded ...

Sharjah Waterfront City, a multi-billion dollar development on Sharjah’s northeast coast announced at Cityscape Global last September, has been listed as the third largest mixed-use project in the Gulf by MEConstructionNews.com. The AED 20 billion (US$ 5.4b) project, being developed by Sharjah Oasis Real Estate Development, is Sharjah’s largest master-planned mixed-use development project to-date and will be built over 10 ...

Delta Food Industries (FZC) has announced plans to build a AED 60 million ($16.3m) tin can manufacturing unit in Sharjah Airport International Free Zone (SAIF Zone) in partnership with India’s Anand Tin Containers. The announcement follows the opening of the company’s new AED 40 million (US$ 11m) dairy plant in the free zone last month, which added evaporated milk and ...

Advanced Armour Engineering (AAE), an armour-grade steel supplier, processing and design optimisation specialist, is to build two high tech factories in Sharjah Airport International Free Zone (SAIF Zone). The British-owned company signed a long-term agreement with the authority for a total working area of 50,000 square feet at the free zone. Pre-built facilities at SAIF Zone will be reconfigured to ...

Delta Food Industries (FZC), one of the UAE’s fastest growing food exporters, has opened a new AED 40 million (US$ 11m) dairy plant in Sharjah Airport International Free Zone (SAIF Zone). The new plant, which will manufacture evaporated milk and cream, is expected to support the company’s expansion, ramping up production for export markets. Established in 2011, Delta Foods manufactures ...

Gulftainer has announced the appointment of Flemming Dalgaard as the new Chief Executive Officer of the group. The Sharjah-headquartered group is now the the world’s largest privately-owned, independent port operator, operating and managing ports and logistics businesses in the UAE and internationally across Iraq, Brazil, Lebanon, Saudi Arabia and the USA. The operator was recently presented with the ‘Port Operator ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) started production from Sharjah’s Zora gas field in January, according to an investor presentation from the company. The Zora gas field forms part of the Sharjah Western Offshore Concession and is located in waters off Sharjah and Ajman. The field, which was originally discovered in 1979, has an initial production capacity of about ...