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Shurooq real estate sales exceed AED 177 million at ‘ACRES’ 2024

As the Sharjah Real Estate Exhibition (ACRES 2024), one of the UAE’s premier gathering for the real estate industry, concluded closing deals that surpassed AED 1.4 billion, one of the exhibition’s participants – the Sharjah Investment and Development Authority (Shurooq) – came out as a top performer, contributing over AED 177 million to the total sales made on during the ...

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SPC Free Zone introduces first-of-its-kind “Instant License”

Serving as a global hub and a one-stop business centre committed to creating an ecosystem to cater to the vibrant business landscape in Sharjah, the Sharjah Publishing City Free Zone (SPC Free Zone) has unveiled its latest offering — the “Instant License Service.” This unique and comprehensive instant business licence has been developed to redefine the process of establishing businesses ...

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UAE ranks second globally in attracting Greenfield FDI

The United Arab Emirates (UAE) has secured its position as the world’s second-highest recipient of greenfield Foreign Direct Investment (FDI) announcements in 2023, following closely behind the United States. The revelation comes from the latest report by the United Nations Conference on Trade and Development (UNCTAD). The report sheds light on the UAE’s remarkable 28 percent increase in greenfield FDI announcements in ...

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Mohamed Al Musharrkh: Sharjah’s rise fueled by growing foreign direct investment

Foreign Direct Investment (FDI) serves as the lifeblood for the growth of numerous economies, playing a pivotal role in propelling the development of diverse sectors in the Middle East, particularly those extending beyond the confines of the oil industry. Sharjah in particular is rapidly establishing itself as a burgeoning hub for FDI, a testament to its strategic appeal in the ...

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Invest in Sharjah Showcases the Emirate’s Advantages to Over 120 Countries at the World Investment Conference in India

The Sharjah FDI Office (Invest in Sharjah) actively explored economic collaboration and investment synergies between Sharjah and prominent business communities in India during its participation in the 27th edition of the World Investment Conference. Organised by the World Association of Investment Promotion Agencies (WAIPA) from December 11-14 in New Delhi, India, the event served as a platform to highlight promising ...

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HFZA, Amazon UAE sign lease agreement for new logistics center

Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics center which will enhance delivery services for customers in the Northern Emirates. In line with HFZA’s vision to bolster economic growth and innovation in the region, the agreement supports Amazon UAE’s commitment to investing in its presence across the country. Once launched, the new ...

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SEC approves proposal for new financing programmes at “RUWAD”

Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Executive Council, and Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Executive Council, attended the meeting. Over the course of the meeting, attendees heard updates on development initiatives spanning a wide range of industries ...

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Mohammed bin Rashid chairs UAE Cabinet meeting, approves Optional System for End-Of-Service Gratuities for private sector Employees

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court; H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy ...

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Shams signs MoU with South Korean MBC

In a milestone step towards international cooperation and advancement of the media industry, Sharjah Media City (Shams) has signed an MoU with Munhwa Broadcasting Corporation (MBC), the largest television and radio broadcasting company in the Republic of South Korea. His Excellency Rashid Abdullah Al Obed, Managing Director of Sharjah Media City, and Hyoung-Mun Choi, Director of Business Centre and Head ...

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