His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah, today announced that Sharjah Investment and Development Authority (Shurooq) is set to develop the Al Hisn Island, a leisure and tourist attraction located in Dibba Al Hisn. Overlooking the Indian Ocean, the project is located on a reclaimed island that was built as a residential ...
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New US$100m Sharjah luxury resort planned
A new US$100 million (AED 367m) art and culture themed 5-star luxury beachfront hotel and resort, the Majlis Grand Mercure Sharjah, is to be built on Sharjah’s corniche and managed by global hotel operator Accor. The new development was announced this week by H.E. Sheikh Sultan bin Ahmed Al Qasimi, chairman of Basma Group Sharjah and H.R.H. Prince Khaled bin ...
Read More »Al Zahia properties handed over
Forty-nine homeowners have taken possession of new properties in the US$1.36 billion (AED5 b) Al Zahia mixed-use gated community development in Sharjah. According to the developers, fifty-one homes have been completed, including two show homes, and another 197 units will be built by Q2 2016. Developed by Majid Al Futtaim and owned by the government company Sharjah Holding, the community ...
Read More »US$150m freehold estate project launched
The UAE’s first full-service freehold residential plots have been announced in Sharjah by Shoumous Properties, a joint venture between Albatha Real Estate and Moafaq Al Gaddah (MAG) Group. Unlike the many other freehold residential developments in the United Arab Emirates, the Shoumous Residential Complex will allow investors to build and sell their own homes according to Sharjah’s real estate regulations. ...
Read More »Bee’ah unveils new eco-friendly HQ design
Sharjah’s award-winning integrated environmental and waste management company, Bee’ah, announced its new, state-of-the-art, eco-friendly headquarters during the first day of the World Future Energy Summit 2015 (WFES) in Abu Dhabi this week. The new Bee’ah headquarters building, which takes its inspiration from desert sand dunes, has been designed by Prtizker prize-winning architect Zaha Hadid and reflects the organisation’s passion for ...
Read More »AED 2 billion Tilal City launched
Tilal Properties, a new joint venture between Sharjah Asset Management and Eskan Real Estate Development, has announced Tilal City, a 25 million square feet mixed-use community strategically located near the Emirates Road (E611), just 10 kilometres from Sharjah’s International Airport. The AED 2 billion (US$ 540 million) real estate development will include some 2,000 residential plots, offices, retail stores, open ...
Read More »Construction to begin on world’s largest waste-to-energy facility
His Highness Sheikh Dr. Sultan Bin Mohammed Al Qasimi, Member of the UAE’s Supreme Council and Ruler of Sharjah, this week issued instructions to Bee’ah, Sharjah’s waste management and environment company, to build, what is expected to be, the largest waste-to-energy plant in the world. Bee’ah awarded British firm Chinook Sciences with a GBP 300 million (AED 1.8 billion) contract for ...
Read More »Sharjah Cement sales increase 19% in buoyant market
Sharjah Cement and Industrial Development Co. (SCIDC:ADX) has announced a 18.7% increase in sales revenue from AED 322.7 million (US$ 88m) in H1 2013 to AED 383.1 million (US$ 104m) in H1 2014 with a 135% increase on net profit for the first half of 2014, compared with the same period last year. The company attributed the rise in turnover ...
Read More »Sharjah invests in infrastructure to improve road traffic
Sharjah’s Roads and Transport Authority (RTA Sharjah) has announced a number of new projects to improve road traffic flow, ease congestion and increase road safety. The Authority appointed consulting services company W.S. Atkins earlier this year to conduct a comprehensive 6 month study on Sharjah’s road traffic to include traffic congestion, pollution and road safety RTA Sharjah has announced the first ...
Read More »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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