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, ...
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 »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 »Analyst expects $3bn of Sharjah construction projects in 2014
Sharjah could award up to AED 11 billion (US$3 billion) of construction projects by the end of 2014, according to a new report by Meed Projects. The report, which takes into account all known construction and transport projects in Sharjah with an estimated value of over AED18.3 million (US$5 million), predicted a bumper year for construction in the Emirate. According ...
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