Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, is studying plans for two new real estate developments in Sharjah worth an estimated AED 3 billion (US$822m), according to media reports. The company is also considering projects elsewhere in the region, including possible projects in Saudi Arabia. The new Sharjah projects in consideration are, reportedly, ...
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Two new construction joint-ventures formed
KBW Investments and Basma Group Sharjah have formed two construction UAE joint-ventures in Sharjah, Klampfer Middle East LLC and Arcadia Middle East LLC. The agreements were signed in Sharjah this week by HRH Prince Khaled bin Alwaleed bin Talal, Chairman, KBW Investments, and Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group Sharjah. The creation of Klampfer Middle East LLC ...
Read More »New AED 210 million Sharjah retail complex to open April 2017
A new 37,000 square metre shopping mall is being built near to Sharjah International Airport by Alef Group, a Sharjah-based real estate developer. The company has announced that it has awarded the construction contract for the AED 210 million (US$ 57m) retail complex to UAE contractor Omis Contracting and that it expected the complex to open in April 2017. Branded ...
Read More »Sharjah Waterfront CIty third largest mixed-use project in GCC
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 ...
Read More »Delta Foods to build AED60m can making unit in Sharjah
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 ...
Read More »AAE to build two high-tech engineering plants at SAIF Zone
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 ...
Read More »Delta Food Industries opens new AED40 million dairy plant
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 ...
Read More »Global port operator Gulftainer names new CEO
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 ...
Read More »Sharjah’s Zora gas field brought on-stream
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 ...
Read More »Gama Aviation to push ahead with expansion
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 ...
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