Economy

Sharjah is looking to undertake more real estate development projects with integrated services and amenities as part of a strategy to attract more investors to the emirate. The lack of real estate projects with built-in amenities has been one of the key challenges of the emirate, according to Marwan Bin Jassim Al Sarkal, executive chairman of the Sharjah Investment and ...

In line with Sharjah’s development and strategic objectives to enhance economic diversification, the Sharjah FDI Office (Invest in Sharjah) concluded its participation in three leading global investment events which were held in Xiamen and Shanghai, China. The three exhibitions set the stage for discussions on common investment and business interests between both parties and presented “Invest in Sharjah” the opportunity ...

Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council (SEC), chaired a meeting of the Council on Tuesday, at the Ruler’s Office in Sharjah, in the presence of Sheikh Abdullah bin Salem Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Sharjah Executive Council. Following the ...

Region’s leading FDI forum held under the patronage of His Highness the Ruler of Sharjah As global economies transition from readying themselves for the Fourth industrial revolution, to devising frameworks and capital markets that pave way for a profitable and sustainable future, the 4th Sharjah FDI Forum, slated to take place on 10 and 11 of December, under the patronage ...

The Sharjah Investment and Development Authority (Shurooq) and BESIX, the region’s leading company operating in infrastructure concessions and construction, has signed a joint venture agreement to operate and maintain an existing wastewater treatment plant in Al Saja’a area in Sharjah. The newly formed company, called QATRA, will continue developing and expanding the wastewater infrastructure in line with Sharjah’s masterplan, whilst ...

His Excellency Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority (Shurooq) said: “Key attributions to Sharjah’s diversified growth during 2017 until mid-2018 include the current strategic distribution of capital and investments across new, existing and emerging sectors in the emirate. State entities, such as Shurooq, had a leading role in increasing investments from the ...

The company’s AED11 million investment in the road extension aligns with its objective to play a key role in driving Sharjah’s economy. Gulftainer, one of the world’s largest privately-owned independent port operators, based in the UAE, will invest in the construction of the Saja’a Permanent Access Road. The company’s AED11 million investment in the road extension aligns with its objective ...

The UAE government has created a buzz of expectation with its plans to introduce a 10-year residency visa to attract investors and new talent. The new visa rules, to be in place by the end of 2018, have potentially far-reaching consequences at a time when major developed countries such as the US are putting up barriers in visas and immigration ...

Top Sharjah officials and economic stakeholders have welcomed the move by global credit ratings agency, Standard & Poor’s (S&P), reaffirming Sharjah’s BBB + / A-2 sovereign credit ratings in long- and short-term. Lauding the decision by the global watchdog, they emphasised that Sharjah’s economic outlook remains healthy and positive in short and long terms, thanks to the Emirate’s diverse economy ...

Sharjah’s gross domestic product (GDP) reached AED92.7b in 2017, increasing by an average of 4.7 per cent, according to figures released by the Sharjah Economic Development Department. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, (SEDD) said that the increase in GDP reflects the wise vision of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, ...