News

Sharjah’s hotel industry continues to expand across multiple segments of the business, fueled by growth in revenues, the emirate’s economic development and innovation in the local tourism sector. According to Sharjah Investment and Development Authority (Shurooq), which recently launched its own ‘Sharjah Collection’ luxury hotel brand, Sharjah hotel revenues have been growing at 12 percent per annum and are expected ...

As part of its ever-increasing drive to attract more foreign business into the UAE, the Sharjah FDI Office ‘Invest in Sharjah’, the investment promotional arm of Sharjah Investment and Development Authority (Shurooq), has reinforced the emirate’s investment advantages at major global events in China’s two fastest growing cities. Participating at the 2017 World Forum for Foreign Direct Investment on 23-24 ...

Expo Center Sharjah has recorded a 7 percent increase in the number of visitors to exhibitions and events taking place at the Centre during the first quarter of 2017, compared with the same period in 2016. According to the Expo Centre management, 302,474 people visited events during January, February and March, including 12 specialised exhibitions. The meetings, incentives, conferences and ...

Sheikha Bodour bint Sultan Al Qasimi, chairperson of Sharjah Investment and Development Authority (Shurooq), will now chair the World Economic Forum‘s Regional Business Council (RBC) for the Middle East and North Africa (MENA). The announcement was made by Professor Klaus Schwab, founder and executive chairman of WEF at the World Economic Forum on the Middle East and North Africa, held ...

‘ Invest in Sharjah’, the Sharjah FDI office, is targeting events in two of China’s fastest developing cities in a bid to increase the UAE’s business opportunities with the Far East. The organisation will be exhibiting at the 2017 World Forum for Foreign Direct Investment, which takes place in Shanghai from May 23-24, and then at the China Offshore Summit, which ...

Nasma Residences Phase 1 has sold out less than a month after launch, confirming investor-demand for mid-market residential properties in Sharjah. Advertised by the developer, ARADA, as offering ‘aspirational yet accessible living in an urban setting’, the new master-planned residential community was announced in mid-March with residential units starting at AED 995,000 (US$ 271,000). Nasma Residences is scheduled for completion ...

Sharjah Business Summit 2017, organised by Gulftainer, the world’s largest privately owned independent port operator, will put the spotlight on innovation in the transport and logistics sector and Sharjah’s state-of-the-art infrastructure. Co-hosted by its logistics subsidiary, Momentum Logistics, the event is supported by Sharjah Investment and Development Authority (Shurooq), Sharjah Chamber of Commerce and Industry (SCCI), Sharjah Municipality, Sharjah Ports ...

The Government of Sharjah plans to invest half a billion dollars (AED 1.8 billion) in the American University of Sharjah (AUS) over the next five years to fund the university’s goal of becoming the top research university in the Arab world. According to an interview by the Gulf Today with Hussein Al Mahmoudi, Chief Executive Officer of AUS Enterprises, investments ...

Business leaders, industrialists and economists attending the second day of the Euromoney Emirates 2017 Conference have been told the Emirate of Sharjah is becoming one of the most progressive markets in the region, marking a major milestone in its economic history. Adil Al Zarooni, Chief Executive Officer, Al Zarooni Emirates Investments, said; “These are amazing times for Sharjah. There is ...

Images from the Euromoney Emirates 2017 Conference organised by Euromoney Conferences and ‘Invest in Sharjah’, the Sharjah FDI office. Photo gallery (click to view larger size)