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Tag Archives: Investment

Uptake of Nasma Residences Phase 1 confirms mid-market demand

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 ...

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Fast pace of progress opens up new opportunities for investors in Sharjah

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 ...

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Air Arabia promotes ‘Invest in Sharjah’ brand

The ‘Invest in Sharjah’ brand is taking to the air following an agreement between Sharjah FDI Office (Invest in Sharjah) – the FDI office operating under the government of Sharjah – and Air Arabia, the first and biggest low-cost airline in MENA region. Under the terms of the agreement, Air Arabia will place decals of the Invest in Sharjah logo ...

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‘Sharjah – Italy Seminar’ focuses on boosting bilateral business

Sharjah FDI Office (Invest in Sharjah) – the entity responsible for intensifying Sharjah Government’s efforts to promote the emirate’s business and investment opportunities in key international markets, has concluded its debut trade mission to Italy. During their three-day promotional tour from 10 to 12 April, Invest in Sharjah organised a Sharjah-Italy Seminar in the city of Padua, and participated at ...

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Aster opens 120-bed Medcare Hospital Sharjah

Aster DM Healthcare has opened its largest hospital in the United Arab Emirates: a new 120-bed general hospital in Sharjah, located on King Faisal Street in the centre of Sharjah city. The healthcare group started operations at the new ‘Medcare Hospital Sharjah‘ with a soft launch last month. The new property, brings the group’s number of hospital beds in the ...

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Sharjah FDI to exceed AED 1 billion by end of 2017

The Sharjah FDI Office (Invest in Sharjah), the FDI office operating under the Government of Sharjah, has announced the emirate’s total foreign direct investment is expected to exceed a record AED 1 billion (US$ 272m) by the end of the year – an anticipated growth of 15% on 2016. The figures are a testament to Sharjah’s focus on encouraging overseas ...

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Sharjah showcases investment opportunities at AIM 2017

Sharjah FDI Office (Invest in Sharjah) – the promotional arm of Sharjah Investment and Development Authority (Shurooq) – has announced that it will participate at the seventh edition of the Annual Investment Meeting (AIM 2017), along with four of Sharjah’s leading government entities and authorities, who will spearhead the integrated investment climate in the emirate from the “Invest in Sharjah” ...

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ARADA unveils its first master-planned residential community

ARADA, a new mid-market property developer recently announced by KBW Investments and Basma Group, has launched Nasma Residences, a new master-planned residential community in Sharjah focused on ‘aspirational yet accessible living in an urban setting’. Located at the heart of one of Sharjah’s most dynamic residential and mixed-use residential areas, the company expects to complete the 5 million square foot development ...

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New white oils plant opens in Hamriyah Free Zone

Petroleum Specialties Pte. Ltd., the Singapore-based specialised oil trading subsidiary of diversified conglomerate Apar Industries Limited, has opened a new manufacturing operation in Sharjah’s Hamriyah Free Zone. The group’s first fully-owned factory outside of India, the new US$18 million (AED 66m) Petroleum Specialities (FZE) unit will manufacture industrial white oils. The term ‘Industrial white oils’ typically refers to pure petroleum ...

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Government leaders convene to discuss economy

This week’s Sharjah Forum brought together 150 decision makers from key government departments to discuss the emirate’s economy, economic development and strategies to attract continued foreign direct investment (FDI). Organised for the second time by Sharjah Investment and Development Authority (Shurooq), the forum was hosted under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah ...

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