Home / Newspage 112

News

Sharjah to host World Forum for Foreign Direct Investment

The World Forum for Foreign Direct Investment will hold its 12th annual event in Sharjah, United Arab Emirates next year, hosted by Sharjah Investment and Development Authority (Shurooq). The forum is hosted by a different global trade hub each year and 2015* will mark the first year that the FDI event is held in the Middle East region. The World ...

Read More »

Sharjah’s new US$121m desalination plant to add 100 million gallon capacity

The opening of a new AED446 million (US$121m) desalination plant in Sharjah’s Hamriyah area, now makes Sharjah the only member of the United Arab Emirates with a water supply in excess of its needs, according to Sharjah Electricity and Water Authority (SEWA) . Officially inaugurated this week, the new desalination plant is part of the first phase of construction of ...

Read More »

Shurooq starts work on Phase II of Sharjah’s Flag Island development

Sharjah Investment and Development Authority (Shurooq) has started the second phase of the development of Flag Island in Sharjah’s Khalid Lagoon, which is expected to enhance the island’s appeal as a tourist attraction. The development is one of a number of high profile tourism and heritage-related infrastructure projects managed by Shurooq including Al Majaz Island and Al Majaz Waterfront developments, ...

Read More »

Shurooq meets business and government leaders in Erbil

The Sharjah Investment and Development Authority (Shurooq) met with business and government leaders from the Kurdistan Region of Iraq earlier this month in Erbil, the region’s capital city. The authority’s visit came as part of an 150-strong delegation to Erbil representing 54 UAE government departments and major private sector businesses in conjunction with the second ‘TradeUAE Iraq’ exhibition. Iraq is ...

Read More »

New AED 500 million runway to expand Sharjah International Airport capacity

Construction of Sharjah International Airport’s AED 500 million (USD 136 million) new airstrip is well underway and is work is expected to be completed over the summer months. The airport is one of the Middle East’s top airfreight logistics hubs and the home base of regional budget airline Air Arabia. Sharjah International Airport’s year-on-year growth is strong and it saw ...

Read More »

Shurooq takes Sharjah investment message to Russia and Iraqi Kurdistan

The Sharjah Investment and Development Authority (Shurooq) is promoting Sharjah’s investment proposition to Iraqi Kurdistan and Russia this month. The Russian Federation is a major trading partner of the United Arab Emirates with bilateral trade in excess of US$1.5 billion (AED 5.5 billion), while non-oil trade between the UAE and Iraq reached a total of US$8 billion (Dh29.42 billion) in ...

Read More »

Moody’s first report on Sharjah confirms credit strength

Moody’s Investors Services has published its first report on Sharjah, awarding the emirate with a A3 stable rating. The rating, which reflects the emirate’s credit strength, is primarily supported by its very strong fiscal and government debt position, noting that government debt is at low levels. A few months ago, global credit rating agency S&P announced its first ever sovereign ...

Read More »

Shurooq concludes investor roadshow in Kuwait and Saudi

The Sharjah Investment and Development Authority (Shurooq) took its investment promotion roadshow to the Kingdom of Saudi Arabia and Kuwait this month, in line with it’s goal to strengthen economic relations between Sharjah and neighbouring GCC countries. “We seek, through our roadshow, to highlight the investment potential in Sharjah and to familiarise business groups and economic authorities with the available investment ...

Read More »

UAE economy boosts demand for Sharjah property

Strong growth in the UAE economy and rising rents in neighbouring Dubai have boosted demand for residential and commercial property in Sharjah, according to a report by international real estate consultancy Cluttons. The report stated that average residential rental costs climbed by 4.5 per cent during the first quarter, leaving them 19 per cent higher than this time last year, ...

Read More »

Sharjah’s Bee’ah awards £300 million energy-from-waste facility contract to UK firm

Bee’ah, Sharjah’s award-winning fully integrated environment and waste management company, has awarded a GBP300 million (AED1.8 billion) contract to UK firm Chinook Sciences to build the world’s largest advanced thermal energy-from-waste facility. “There are many technologies and many companies which have used incineration for years,” said Bee’ah’s CEO Khaled Al Huraimel. “Sharjah wants to be a leader in the environmental ...

Read More »