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Tag Archives: Investment

Shurooq MoU paves way for more Sharjah businesses to list on DFM

Dubai Financial Market (DFM) today announced it has signed a Memorandum of Understanding (MoU) with Sharjah Investment and Development Authority (Shurooq), creating the necessary foundation for an extensive cooperation between the two sides. The agreement aims at streamlining private and family businesses’ access to DFM’s innovative services and realizing the numerous benefit of going public and listing on DFM. His ...

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Crescent Enterprises announces new $150m venture capital division

Sharjah-headquartered diversified holding company Crescent Enterprises has announced the launch of its new corporate venture capital division with plans to invest up to US$150 million (AED548 million) over the next three years. The announcement was made at the Sharjah Entrepreneurship Festival (SharjahEF), organised by the Sharjah entrepreneurship centre, Sheraa, this week. According to the company CEO Badr Jafar, Crescent Enterprises ...

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Sharjah FDI Forum 2017 to discuss the future of global investment

Sharjah FDI Forum 2017, the annual foreign direct investment (FDI) event held under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah, will host a series of panel discussions conducted by regional and international investment experts. Taking place on September 19th -20th , the third Sharjah FDI Forum will ...

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Strong growth and innovation fuel Sharjah hotel investment and development pipeline

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 ...

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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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