Business

Sharjah Waterfront City, a multi-billion dollar development on Sharjah’s northeast coast announced at Cityscape Global last September, has been listed as the third largest mixed-use project in the Gulf by MEConstructionNews.com. The AED 20 billion (US$ 5.4b) project, being developed by Sharjah Oasis Real Estate Development, is Sharjah’s largest master-planned mixed-use development project to-date and will be built over 10 ...

Delta Food Industries (FZC) has announced plans to build a AED 60 million ($16.3m) tin can manufacturing unit in Sharjah Airport International Free Zone (SAIF Zone) in partnership with India’s Anand Tin Containers. The announcement follows the opening of the company’s new AED 40 million (US$ 11m) dairy plant in the free zone last month, which added evaporated milk and ...

Advanced Armour Engineering (AAE), an armour-grade steel supplier, processing and design optimisation specialist, is to build two high tech factories in Sharjah Airport International Free Zone (SAIF Zone). The British-owned company signed a long-term agreement with the authority for a total working area of 50,000 square feet at the free zone. Pre-built facilities at SAIF Zone will be reconfigured to ...

Delta Food Industries (FZC), one of the UAE’s fastest growing food exporters, has opened a new AED 40 million (US$ 11m) dairy plant in Sharjah Airport International Free Zone (SAIF Zone). The new plant, which will manufacture evaporated milk and cream, is expected to support the company’s expansion, ramping up production for export markets. Established in 2011, Delta Foods manufactures ...

Gulftainer has announced the appointment of Flemming Dalgaard as the new Chief Executive Officer of the group. The Sharjah-headquartered group is now the the world’s largest privately-owned, independent port operator, operating and managing ports and logistics businesses in the UAE and internationally across Iraq, Brazil, Lebanon, Saudi Arabia and the USA. The operator was recently presented with the ‘Port Operator ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) started production from Sharjah’s Zora gas field in January, according to an investor presentation from the company. The Zora gas field forms part of the Sharjah Western Offshore Concession and is located in waters off Sharjah and Ajman. The field, which was originally discovered in 1979, has an initial production capacity of about ...

Global business aviation services company Gama Aviation plc has revealed to the Gulf News that it has now received approval to build a new maintenance hangar its fixed base operation (FBO) in Sharjah International Airport. The approval means that the company will be able to add three or four aircraft to its Sharjah-based managed fleet, in addition to the 7-8 ...

Sharjah Investment and Development Authority (Shurooq) has partnered with Dubai’s Emaar Properties and Abu Dhabi real-estate developer Eagle Hills to establish Omran Properties, which will develop commercial, industrial and real estate projects in Sharjah and beyond. Sharjah’s real estate market has seen a transformation with the recent construction of large-scale master planned developments and changes to laws allowing foreigners to ...

American University of Sharjah (AUS) has appointed Hussain Al Mahmoudi as Chief Executive Officer of AUS Enterprises, a new holding company mandated to develop revenue-generating commercial activities for AUS via special purpose vehicles. AUS Enterprises was established by Amiri decree in November 2015. The appointment of the new CEO was approved by the AUS Board of Trustees, chaired by His ...

Sharjah headquartered United Arab Bank (UAB) has announced the successful closing of an US$120 million credit facility for client, Aegean Oil Terminal Corporation (Aegean). The credit facility marks the first syndicate lead for UAB, as it seeks to position itself as a lead arranger. Other syndicate members are Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai and National Bank ...