Tag Archives: Investment

The Sharjah Investment and Development Authority (Shurooq) took Sharjah’s investment proposition to Shanghai this month, as part of its ongoing campaign to promote Sharjah as a destination for Chinese trade and investment. The authority took part in the 18th China International Fair of Investment and Trade in the coastal city of Xiamen, in partnership with the UAE Ministry of Economy. ...

The Sharjah Investment and Development Authority (Shurooq) will be presenting some of Sharjah’s largest real estate, tourism and mixed-use developments at Cityscape Global from 21 – 23 September 2014 at the Dubai World Trade Centre. Cityscape Global is the biggest annual real estate trade show in the Middle East and North Africa and draws investors and developers from around the ...

The launch of the Government of Sharjah’s debut sovereign Islamic bond issue or sukuk has been met by massive demand from investors. The 10-year US dollar sukuk was launched at a size of US$750 million (AED 275b) on Wednesday, securing orders worth about US$7.85 billion (AED 29b). Sharjah has secured global investor attention this year, after receiving its first sovereign ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX)  has secured US$100 million (AED 367m) financing for the Zora gas field development project, via its wholly-owned Dana Gas Explorations FZE. The Zora gas field is expected to come on stream during the first half of 2015 with a production capacity of 40 million standard cubic feet per day (mmscfd). The Dana Gas Group is ...

Hazel International FZE (HIF), owned by Indian conglomerate Veritas (India) Limited (VIL), has begun construction of a US$ 126.45 million (AED 464.5m) liquid and solid cargo handling terminal at Sharjah’s Hamriyah Free Zone. The new terminal is expected to make the free zone the second largest hub for petrochemicals, oil and gas bunkering and storage in the UAE. The new ...

Organisers of the annual World Forum for Foreign Direct Investment, Conway Data and Red Hot Locations, and hosts, the Sharjah Investment and Development Authority (Shurooq), have announced the dates for next year’s forum. The Sharjah World Forum will take place from 8 to 10 February 2015*. Held annually in locations around the world, the World Forum provides a platform for ...

Delta Food Industries (FZC), one of the UAE’s fastest growing food exporters, will invest AED 40 million (US$ 11m) in expanding its manufacturing and packaging facilities in the Sharjah Airport International Free Zone (SAIF Zone). According to the manufacturer, which was established in Sharjah in 2011, the expansion is to help ramp up production to meet the growing needs of ...

Sharjah Airport International Freezone (SAIF Zone) has registered 800 new companies during the first six months of 2014 and expects similar growth during the second half of the year, according to an interview given to the Gulf News by the Director of SAIF Zone Saud Salim Al Mazrouei. SAIF Zone now has 6,700 companies located in the 13 million square ...

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 ...

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, ...