Tag Archives: Investment

Sharjah Investment and Development Authority (Shurooq) has announced that it will silver-sponsor the Annual Investment Meeting (AIM) 2016, the global economic event which is organised annually by the UAE Ministry of Economy in Dubai. Participating with Shurooq is a promising line-up from the Sharjah government representatives at the forum, these include the Sharjah Economic Development Department (SEDD), Sharjah Chamber of ...

The United Arab Emirates is the world’s third strongest country brand, according to the annual Nation Brand survey carried out by London-based consultancy Brand Finance. The UAE ranks after Singapore and Switzerland in the evaluation of the world’s top 100 nation brands, with a brand value of US$ 403 billion (AED 1.48 trillion). While the USA topped the Nation Brand ...

Chemicals, colour and plastic products manufacturer Blend Group has announced plans to build a US$10 million (AED 37 million) production plant in Sharjah Airport International Free Zone (SAIF Zone). The new facility, which is expected to be completed by mid-2016, will increase the group’s production capacity from 1,200 tonnes per month to 2,500 tonnes per month. SAIF Zone has proved ...

Sharjah Investment and Development Authority (Shurooq) plans to invest AED 5 billion (US$ 1.4b) in tourism development projects by the year 2018, in Sharjah city, Sharjah’s east coast and in island resorts. HE Marwan bin Jassim Al Sarkal, CEO of Shurooq, recently revealed the authority’s multi-billion investment plans in an interview with UAE newspaper Al Ittihad. Shurooq was established by ...

Sharjah Investment and Development Authority (Shurooq) and the Arab-British Chamber of Commerce (ABCC) have signed a Memorandum of Understanding in London to encourage, promote and facilitate investment and development cooperation among the business communities in Sharjah and the United Kingdom. The MoU was signed by HE Marwan bin Jassim Al Sarkal, CEO of Shurooq and Dr Afnan Al-Shuaiby, Secretary General ...

Five new real estate developments are currently under study by the Sharjah Real Estate Registration Department that aim to benefit from recent changes in the emirate’s real estate laws. Sharjah updated is property ownership laws last year to allow foreign expatriates living in the United Arab Emirates to purchase 100 year leaseholds in real estate zones designated by the government. According to ...

India’s largest manufacturer of polymer emulsions for paints and coatings, textiles and adhesives has officially opened a new US$ 51 million (AED 187m) emulsions plant in Sharjah’s Hamriyah Free Zone Authority (HFZA) commencing operations in April. Visen Industries Ltd. (VIL) is the market leader in India with regular customers like Asian Paints, Berger Paints, Kansai Nerolac and Jotun Paints. The ...

Sharjah residential property rents increased 23 per cent during the first nine months of 2014, according to Cluttons. The real estate consultancy credited ongoing reverse migration from neighbouring Dubai and the rapid expansion of Air Arabia as key factors driving the increase, combined with a limited supply of residential property. Apartment rental prices in the emirate surged 35 per cent ...

Preparations for the 2015 World Forum for Foreign Direct Investment are well underway and registration for the event is now open. Held annually in locations around the world, the 2015 forum will be held from 7 – 10 February in Sharjah, United Arab Emirates, hosted by Sharjah Investment and Development Authority (Shurooq) and organised by Red Hot Locations. It is ...

The Sharjah Investment and Development Authority (Shurooq) has concluded a series of high profile meetings with trade and investment organisations in the U.S.A., holding meetings in Washington DC, Seattle, San Francisco and Los Angeles. The authority was visiting the United States as part of a larger delegation led by the UAE Ministry of Economy. Shurooq’s delegation included Sheikha Bodour bint ...