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Sharjah FDI Office

New park: Sharjah opens Islamic World Garden near University City

Sharjah: The Sharjah Département of Public Works has inaugurated the Islamic World Garden near the University City on the Sharjah-Al Dhaid Road, in a new landmark that will boost Sharjah’s cultural reputation. According to Engineer Ali bin Shaheen Al Suwaidi, Executive Council Member and Chairman of Sharjah Directorate of Public Works (SDPW), the garden will provide visitors with information about ...

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INTERVIEW: A Sharjah oilman’s view on the energy world

SNOC CEO explains how US shale will be big loser from price wars The Sharjah National Oil Co. (SNOC) is not one of the big beasts of the global oil world, certainly in comparison with its giant neighbors such as Saudi Aramco or the Abu Dhabi National Oil Co. (ADNOC). As the SNOC’s CEO Hatem Al-Mosa admits, its production disappears ...

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RAK Bank to close 25% of its branches next month

The National Bank of Ras Al Khaimah (RAK Bank) will shut down nine branches from next month as demand for digital banking grows among the UAE residents. The lender will close six branches in Dubai and one each in Sharjah, Khor Fakkan and Abu Dhabi from September 3, 2020. In Dubai, branches in Al Ras, Mirdiff, Marina Diamond, Al Quoz ...

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Sharjah FDI Office highlights how emirate is responding to shifting needs of American investors in current economic climate

The Sharjah FDI Office, Invest in Sharjah, an affiliate of the Sharjah Investment and Development Authority, Shurooq, organised an interactive business webinar via the Zoom platform on Tuesday, 21st July, 2020, to introduce emerging opportunities in various high-potential sectors to investors and businesses from the United States, US. With 462 US companies currently operating in Sharjah – 200 onshore and ...

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SCCI discusses harnessing Italian technology in boosting Sharjah’s manufacturing output

The Sharjah Chamber of Commerce and Industry, SCCI, recently discussed means of developing economic cooperation with the Embassy of Italy to the UAE and the possibility of organising joint economic events to explore investment opportunities and enhance communication mechanisms between business communities in the two countries, as well as to make the most of modern Italian technologies in boosting Sharjah’s ...

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Sharjah to turn 47-hectare landfill into solar energy farm

To build this solar farm, the emirate will first have to reach its zero-waste target and close the Al Saja’a landfill. A 47-hectare landfill in Sharjah will be converted into a solar energy facility once the area is capped, sustainability pioneer Bee’ah announced on Monday. Set to be the first of its kind in the region, this solar energy landfill ...

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Sharjah records Dh6.2b real estate transactions in H1

The emirate of Sharjah recorded up to 28,710 real estate transactions, worth Dh6.2 billion, in the first half of 2020; a rise of 4.1 percent as compared to the transactions recorded over the same period last year. The sales transactions recorded in the first six months of the year covered 15.3 million square feet, as per the latest report of ...

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Sharjah Rulers issues Decree-Law on ‘Ruwad’

His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has issued a Decree-Law, on the annexation of Sharjah Entrepreneurship Foundation (Ruwad) to the Sharjah Economic Development Department (SEDD). Decree-Law No. 4 of 2020 stipulates that Ruwad to be annexed to SEDD and under SEDD’s head in the organisational structure. According to ...

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Sharjah remains on lookout for more gas fields and drastically reduce imports

Emirate was actually able to bring down its gas import bills during recent market turmoil The entrance to the Mahani gas well site operated by Sharjah National Oil Co.. Along with its Italian partner Eni, the Sharjah entity is scouting around for more finds. Sharjah: After discovering its biggest gas find in 30 years, Sharjah is continuing explorations for potential ...

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