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Gama Aviation opens private terminal at Sharjah Airport

Global business aviation services company Gama Aviation has opened its own private aviation terminal at Sharjah International Airport, providing a full service private aviation hub for its customers serving Sharjah, Dubai and the Northern Emirates. “We have long seen the strategic potential of Sharjah as a private aviation hub,” said Gama Aviation CEO Marwan Khalek. “Our new lounge facility complements ...

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Sharjah reconstructs Souk Al Shanasiyah heritage site

Construction has begun on the reconstruction of the Souk Al Shanasiyah, one of Sharjah’s traditional market areas that was virtually lost to modernisation and is now being rebuilt on a 5,872 square metre plot in the Heart of Sharjah, one of the largest heritage developments in the Middle East. The Sharjah Investment and Development Authority (Shurooq), the investor/developer, aims to ...

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Port Canaveral, Florida signs 35-year agreement with Gulftainer

Port Canaveral this week signed a 35-year agreement with GT USA, the US business of Sharjah-headquartered port operator Gulftainer, to manage the port’s new container and multipurpose sea cargo terminal. Port Canaveral is a cruise, cargo and naval port in Brevard County, Florida, United States, south of Cape Canaveral Air Force Station and the Kennedy Space Center. The Port Canaveral ...

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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 ...

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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 ...

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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, ...

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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 ...

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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 ...

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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 ...

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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 ...

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