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Sharjah participates in 3rd Belt and Road Summit in Hong Kong

Sharjah 24: As part of the delegation of the UAE, the Sharjah FDI office ‘Invest in Sharjah’ has participated in the 3rd Belt and Road Summit in Hong Kong, with more than 5,000 participants from 55 different countries. The UAE participated in the summit with a high-level delegation headed by the Ministry of Economy, including a number of senior officials ...

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UAE Cabinet approves 10-year visas, will allow 100% foreign ownership by year-end

The UAE Cabinet has approved a new long-term visa for international investors and talented professionals and is set to introduce an investment law allowing 100 per cent foreign ownership this year, according to an announcement on Sunday. State-news agency WAM said UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum directed the Ministry of Economy to ...

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Sharjah-held Shurooq’s UAE project portfolio totals $2bn

Sharjah Investment and Development Authority’s (Shurooq) project portfolio in the UAE spans 11.74km2, it has been revealed. In the last nine years, Shurooq’s real estate investments have amounted to $2.1bn (AED7.6bn), which includes completed and ongoing projects. Shurooq’s portfolio includes large-scale projects such as Al Qasba, Al Majaz Waterfront, and Al Montazah Amusement and Waterpark, as well as the Al ...

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100% foreign ownership: New UAE investment law to spur FDI, GDP growth

UAE’s game-changing investment law, which will allow up to 100 per cent ownership to foreign investors in some specific onshore business sectors, is expected to prop up private and foreign direct investments when it will be finally introduced in the last quarter of this year, economists and analysts said. The law, eagerly awaited by the business community, was widely expected ...

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Sharjah Ruler issues decree forming SRTIP board of directors

His Highness Dr. Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued royal decree no. 15 of 2017, forming the board of directors for Sharjah Research Technology and Innovation Park (SRTIP) free zone authority. The park is currently being developed, adjacent to American University of Sharjah campus, by the university’s commercial and investment arm ...

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Sharjah Municipality announces largest digitalisation project in GCC

Sharjah Municipality has announced the largest digitalisation project in the GCC, which will deploy enterprise software provider SAP’s advanced business solutions across all of the organisations internal and external services. The project will be developed and implemented in partnership with SAP, Evoteq (a technology company set-up by Bee’ah earlier this year) and Evoteq’s implementation arm, EvoGulf. One of the most ...

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Sharjah survey to gather demographic data on Emirati households

Sharjah Department of Statistics and Community Development (DSCD) has launched a new data gathering project that will update demographic information on the emirate’s 25,000 Emirati households. The project, called ‘Tahdeeth’, is the largest population survey since the Sharjah Census 2015 and is expected to continue until 4 December. Sharjah last full population census found that more than 1.4 million people ...

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Shurooq Holding Company formed by Royal Decree

His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah yesterday issued Emiri Decree no. 58 of 2017, establishing Shurooq Holding Company SOAG, a public joint stock company formed in the Emirate of Sharjah and wholly owned by Sharjah Investment & Development Authority (Shurooq). The new holding company is expected to play ...

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Sharjah aims to be region’s first age-friendly city

Sharjah has become the first Arab city to join the World Health Organisation’s (WHO) Global Network of Age-Friendly Cities and Communities. Holding the inaugural meeting of the city’s age-friendly network committee in May, the initiative falls under the emirate’s 2017-2020 strategic plan. In recent years, Sharjah has put increasing focus on environmental, ecological and societal issues and launched a wide ...

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