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Latest in a series of Sharjah’s ongoing global networking efforts to showcase the strengths of its economy as a haven for foreign investors in a diversity of economic sectors, a high-level delegation from the emirate, led by Sheikh Fahim bin Sultan Al Qasimi, Chairman of Department of Government Relations of Sharjah, recently completed a visit to Boston, USA. A business seminar, organised by the Sharjah FDI Office (Invest in Sharjah), also took place in the city, and provided strategic and personalised prospects to Boston-based investors in Sharjah’s unique and leading investment climate. The delegation visit and program took place in…

Sharjah has welcomed the ASEAN community’s growing interest in the emirate’s robust and rapidly diversified economy, which attracted USD 1.63 billion in foreign direct investments in 2017 recording a sizeable jump in growth compared to 2016. Investors, diplomats, expanding enterprises and private businesses representing ASEAN members were brought together on a networking platform, the Sharjah-ASEAN Business Roundtable, organised by the Sharjah FDI Office (Invest in Sharjah)in collaboration with the ASEAN Business Councils Alliance, recently on Thursday. Among prominent attendees were HE Samuel Tan Chi Tse, Ambassador of the Republic of Singapore in UAE (Chair of ASEAN); HE Syed Md Hasrin…

The Sharjah Investment and Development Authority (Shurooq) and Injazat Services announce the establishment of the Sharjah Investors Services Centre, which will operate as the emirate’s first “one-stop-shop” high-end facility providing fully-integrated and streamlined services to investors looking to set up businesses in Sharjah. The new centre, to be headquartered in Al Qasba, will be a key access point for global business owners and entrepreneurs in Sharjah, and will play an integral role in facilitating high-level and mid-level investments across a variety of sectors within the emirate. The latest initiative by Shurooq and Injazat falls under the series of innovative ideas…

The Sharjah Investment and Development Authority (Shurooq) and BESIX, the region’s leading company operating in infrastructure concessions and construction, has signed a joint venture agreement to operate and maintain an existing wastewater treatment plant in Al Saja’a area in Sharjah. The newly formed company, called QATRA, will continue developing and expanding the wastewater infrastructure in line with Sharjah’s masterplan, whilst ensuring the highest level of operating excellence and service to all stakeholders. The expansion plans will also enable the plant to maximise the amount of reused water produced, thereby doubling the capacity from 30 million litres of high-recycled water to…

Sharjah Investment and Development Authority (Shurooq) has signed a second Memorandum of Understanding (MoU) with Korea’s global investment corporation REI Holding Group, to encourage bilateral investments, collaborate on industry information and expand business networks in both countries. The agreement follows on the recently announced MoU between Shurooq and REI’s Haewon Medical Foundation Sejong General Hospital to establish the first Korean hospital in Sharjah, and the visit of Moon Jae-in, President of South Korea, at a UAE-Korea Business Forum in March this year. President Moon highlighted Korea’s commitment to expanding cooperation with the UAE in new sectors as both countries push…

Over the past nine years, Sharjah Investment and Development Authority (Shurooq) has accrued a portfolio of completed and ongoing projects worth AED 7.6 billion extending across a total area of 11.74 million square metres. Following the Emiri decree No.2 to establish Shurooq, issued by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member Ruler of Sharjah, the authority has not only confirmed its pivotal role in driving the emirate’s prospects, it has established Sharjah as a major international business hub. “An outstanding investment development model” HE Marwan bin Jassim Al Sarkal, Shurooq Executive Chairman, said: “The policies…

More than 200 senior government officials, diplomats, consuls, business owners and investors have met at the Sharjah Economic Ramadan Majlis to discuss the essential role of incentives in developing the economy and attracting local, national and global investment. Organised by the Sharjah Investment and Development Authority (Shurooq), in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah FDI Office (Invest in Sharjah), the fourth edition of the event, titled ‘Economic incentives for accelerating business growth’, highlighted the legal, economic and logistical frameworks needed to encourage domestic enterprises as well as multinational corporations to either enter or expand…

The Sharjah Investment and Development Authority (Shurooq) signed a management agreement with Emaar Hospitality Group to operate a lifestyle boutique hotel in the heart of Al Qasba, one of the most popular lifestyle and leisure destinations in the emirate. Vida Al Qasba Sharjah, to be operated under Emaar Hospitality Group’s Vida Hotels and Resorts, an upscale lifestyle hotel and serviced residences brand, will add yet another dimension to Shurooq’s flourishing tourism portfolio, together with some of the region’s most distinctive and ambitious developments. Featuring 100 rooms and suites, Vida Al Qasba Sharjah is uniquely positioned to meet the increasing demand…

Celebrating its 8th participation at the Arabian Travel Market (ATM) 2018, one of the largest travel and tourism exhibitions in the world and in the region, Sharjah Investment and Development Authority (Shurooq) gives visitors and industry experts a virtual taste of authentic and leisure tourism in the emirate of Sharjah. Visitors, investors and industry experts at the Shurooq stand, which is exhibiting under the Sharjah Commerce and Tourism Development Authority pavilion, are enjoying the unique opportunity to experience the Mleiha Archaeological and Eco-tourism project through Shurooq’s latest Virtual Reality (VR) experience, where visitors are taken by air, land, indoors and…

Sharjah FDI Office (Invest in Sharjah), the investment promotion arm of the Sharjah government has unveiled that the emirate’s performance in attracting foreign direct investment (FDI) in various economic sectors has seen a sharp increase of 102 percent between 2016 and 2017, with FDI inflows worth USD 1.622 billion (AED 5.97 billion) last year as compared to USD 808 million (AED 920 million) in 2016. One of the key benefits of the process of these enlarged foreign investments has been felt by the job market in Sharjah, which has reported a 174 percent growth in 2017 with the creation of…