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Tag Archives: Investment

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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NMC Health buys Sharjah’s Al Zahra Hospital for $560 million

NMC Health (LON:NMC), a leading UAE-based healthcare provider, is to acquire Al Zahra Hospital Sharjah from Gulf Medical Projects (ADX:GMPC) for US$560 million (AED 2.1b). Opened in 1981, the hospital is located in the Al Ghuwair district of Sharjah and is one of the largest medical facilities in the United Arab Emirates. NMC will fund the acquisition of Al Zahra ...

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Shurooq and Economic Department team up to promote investment licences via ‘Invest in Sharjah’

The Sharjah FDI Office ‘Invest in Sharjah’, the promotional arm of Sharjah Investment and Development Authority (Shurooq) has joined forces with Sharjah Economic Development Department (SEDD), to promote Sharjah as an unmatched investment–friendly destination locally and internationally. The move emphasises the ongoing efforts by Invest in Sharjah to strengthen integration and collaboration with local government bodies in the emirate. The ...

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“Invest in Sharjah” takes Sharjah message to first FDI Expo in London

The Sharjah FDI office (Invest in Sharjah), the flagship driver for promoting investment opportunities in the emirate, recently concluded its participation at the inaugural edition of the Foreign Direct Investment Expo 2016 (FDI Expo) in London, UK, which took place from November 17 – 18, 2016 at the London Olympia exhibition venue. FDI Expo gathered more than 3,500 elite speakers ...

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Majid Al Futtaim invests AED 260 million in City Centre mall expansion

Majid Al Futtaim will invest AED 260 million (US$ 71 million) in the redevelopment of City Centre Sharjah, one of Sharjah’s largest shopping malls located on Al Wahda street in the centre of the city. Scheduled for completion in the last quarter of 2017, the expansion will add 13,700 square metres (147,466 sq. ft.) of retail space and is expected ...

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Sharjah presents investment opportunities to Australian business

The lucrative opportunities for investment between Sharjah and Australia were the main item on the agenda at a “Sharjah – Australia Roundtable” organised by Sharjah Investment and Development Authority (Shurooq), in association with the Australian Business Council in Dubai (ABCD), the Australian Trade Commission and Australia Unlimited, which took place yesterday at the Sharjah Chamber of Commerce and Industry (SCCI). ...

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Sharjah piques the interest of global investors at AIM 2016

Sharjah Investment and Development Authority (Shurooq) has announced that the Sharjah Pavilion at the Annual Investment Meeting (AIM) 2016 has successfully showcased Sharjah’s distinctive investment ventures to government officials, decision-makers and international investors at the leading global economic event, which is organised every year by the UAE Ministry of Economy. Sharing the pavilion with Shurooq were the Sharjah Chamber of ...

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Shurooq to highlight Sharjah’s economic vision at AIM 2016

Sharjah Investment and Development Authority (Shurooq) has announced that it will silver-sponsor the Annual Investment Meeting (AIM) 2016, the global economic event which is organised annually by the UAE Ministry of Economy in Dubai. Participating with Shurooq is a promising line-up from the Sharjah government representatives at the forum, these include the Sharjah Economic Development Department (SEDD), Sharjah Chamber of ...

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