News

Sharjah Airport International Free Zone (SAIF Zone) is constructing 127 new warehouses with a total area of 561,750 square feet within the Free Zone Industrial Park Area of the zone. The new warehousing is one of a number of expansion projects planned in response to the increasing demand facilities in the zone, which houses approximately 7,000 companies. SAIF Zone’s strategic location ...

Sharjah Investment and Development Authority (Shurooq) continues working on the new expansion of Al Majaz Waterfront, a leading leisure and tourist destination in the emirate of Sharjah, with the aim to open more facilities and amenities to keep pace with the huge turnout of visitors and tourists. The expansion of the project is expected to be completed by the fourth ...

Al Saja’a Industrial Oasis, one of the largest industrial projects in the region, could create more than 20,000 jobs according to developer Sharjah Asset Management. The development of the new 14 million square foot industrial estate near Sharjah International Airport was announced in October. Sharjah Asset Management expects that the total population of Al Saja’a Industrial Oasis will reach approximately ...

Starwood Hotels & Resorts Worldwide, Inc. has formally announced the opening of the Sheraton Sharjah Beach Resort & Spa, marking its entry in the Emirate of Sharjah and bolstering Sharjah’s proposition for luxury tourism. The Sheraton Sharjah Beach Resort & Spa features 349 spacious guest rooms and suites, and provides panoramic views of the Arabian Gulf and the city of ...

Global credit rating agency Standard & Poor’s has once again affirmed the Emirate of Sharjah’s A/A-1 sovereign credit ratings long- and short-term, foreign and local currency. These ratings were made on the basis of Sharjah’s strong nominal GDP (gross domestic product) growth, despite reports of a slow-down in the UAE’s non-oil business growth. S&P began assigning sovereign credit ratings for ...

Sharjah-headquartered Air Arabia, the largest low-cost carrier operator in the Middle East and North Africa, has confirmed that it is considering an investment in FlyEasy, a new Indian budget airline that has yet to launch. According to the International Air Transport Association (IATA), India’s domestic airline business is currently the fastest growing in the world, showing a ​13.2 percent growth ...

Sharjah-headquartered regional budget carrier Air Arabia and business aviation services operator, Gama Aviation Sharjah, were honoured at the recent Aviation Business Awards (ABA). Organised by magazine publisher ITP Ltd, the annual Aviation Business Awards celebrate the achievements of the Middle East aerospace industry over the past 12 months. Air Arabia was named both ‘Low Cost Airline of the Year’ and ...

Sharjah Investment and Development Authority (Shurooq) is set to showcase its latest projects and destinations in this year’s edition of the World Travel Market, WTM, being held in London from November 2nd – 5th. Operating under the Sharjah Commerce and Tourism Development Authority’s, SCTDA, pavilion at WTM, the Shurooq stand will feature the authority’s newest developments, including Al Noor Island, ...

Gulf Petrochem Group, a leading Sharjah-based conglomerate with a business unit specialised in petrochemical trading, storage and transportation, has opened it’s new 203,888 cubic metres (cbm) liquid storage terminal at Hamriyah Free Zone. The new storage terminal, which will become fully operational this month, will be able to store all classes of petroleum products such as fuel oil, gas oil, ...

As part of its strategy to cement the Emirate’s position as a leading regional hub for investment and business, Sharjah Investment and Development Authority (Shurooq), is set to take part in the 11th edition of the World Islamic Economic Forum (WIFE) in the Malaysian capital, Kuala Lumpur, on November 3 – 5. Geared towards attracting investors interested in the Emirate, ...