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Sharjah GDP rises to AED92.7b in 2017

Sharjah’s gross domestic product (GDP) reached AED92.7b in 2017, increasing by an average of 4.7 per cent, according to figures released by the Sharjah Economic Development Department. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, (SEDD) said that the increase in GDP reflects the wise vision of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, ...

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SEWA to implement central cooling systems in Sharjah’s new areas

Sharjah 24: Dr. Rashid Al Leem, Chairman of Sharjah Electricity and Water Authority (SEWA), said that central cooling systems contribute to the reduction of energy consumption by 30% to 40%, and that SEWA has started implementing studies for adopting such systems in buildings and facilities in new areas throughout Sharjah City and began rehabilitating specialised cadres of citizens to work ...

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Sharjah participates in 3rd Belt and Road Summit in Hong Kong

Sharjah 24: As part of the delegation of the UAE, the Sharjah FDI office ‘Invest in Sharjah’ has participated in the 3rd Belt and Road Summit in Hong Kong, with more than 5,000 participants from 55 different countries. The UAE participated in the summit with a high-level delegation headed by the Ministry of Economy, including a number of senior officials ...

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UAE Cabinet approves 10-year visas, will allow 100% foreign ownership by year-end

The UAE Cabinet has approved a new long-term visa for international investors and talented professionals and is set to introduce an investment law allowing 100 per cent foreign ownership this year, according to an announcement on Sunday. State-news agency WAM said UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum directed the Ministry of Economy to ...

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Sharjah-held Shurooq’s UAE project portfolio totals $2bn

Sharjah Investment and Development Authority’s (Shurooq) project portfolio in the UAE spans 11.74km2, it has been revealed. In the last nine years, Shurooq’s real estate investments have amounted to $2.1bn (AED7.6bn), which includes completed and ongoing projects. Shurooq’s portfolio includes large-scale projects such as Al Qasba, Al Majaz Waterfront, and Al Montazah Amusement and Waterpark, as well as the Al ...

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100% foreign ownership: New UAE investment law to spur FDI, GDP growth

UAE’s game-changing investment law, which will allow up to 100 per cent ownership to foreign investors in some specific onshore business sectors, is expected to prop up private and foreign direct investments when it will be finally introduced in the last quarter of this year, economists and analysts said. The law, eagerly awaited by the business community, was widely expected ...

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Sharjah Ruler issues decree forming SRTIP board of directors

His Highness Dr. Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued royal decree no. 15 of 2017, forming the board of directors for Sharjah Research Technology and Innovation Park (SRTIP) free zone authority. The park is currently being developed, adjacent to American University of Sharjah campus, by the university’s commercial and investment arm ...

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Sharjah Municipality announces largest digitalisation project in GCC

Sharjah Municipality has announced the largest digitalisation project in the GCC, which will deploy enterprise software provider SAP’s advanced business solutions across all of the organisations internal and external services. The project will be developed and implemented in partnership with SAP, Evoteq (a technology company set-up by Bee’ah earlier this year) and Evoteq’s implementation arm, EvoGulf. One of the most ...

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Sharjah survey to gather demographic data on Emirati households

Sharjah Department of Statistics and Community Development (DSCD) has launched a new data gathering project that will update demographic information on the emirate’s 25,000 Emirati households. The project, called ‘Tahdeeth’, is the largest population survey since the Sharjah Census 2015 and is expected to continue until 4 December. Sharjah last full population census found that more than 1.4 million people ...

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