Receive weekly updates on Sharjah business news direct to your inbox
Shurooq of Sharjah – Nine Years of Driving a Diversified Economy

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…
read more »Economic Majlis Highlights Importance of Incentives in Supporting Business Sectors in Sharjah

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…
read more »Shurooq and Emaar Hospitality Group announce Vida Al Qasba Sharjah at Arabian Travel Market

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…
read more »Shurooq Opens a New Portal to Sharjah at ATM 2018 in Dubai

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…
read more »Sharjah Attracts AED 5.97 Billion FDI in 2017 Taking Cumulative International Investments to AED 36 Billion

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…
read more »Sharjah Confirms Participation at AIM 2018 to Link its Diverse Investment Opportunities to Soaring International Interest

A delegation of six sate-run and private sector authorities in Sharjah, will be part of the proceedings of the forthcoming edition of the Annual Investment Meeting (AIM 2018) – the region’s most established gathering of the international investment community, which will be held on April 9-11, at Dubai World Trade Centre. The emirate’s participation will be facilitated and organised by the Sharjah FDI Office (Invest in Sharjah), the investment arm of the Sharjah Government. The delegation will be utilising the AIM platform to take a closer look at latest location developments, market projections, FDI trends, and investment promotion strategies being…
read more »Shurooq and Nakheel partner to bring AED75 million retail centre to Sharjah

The Sharjah Investment and Development Authority (Shurooq) and master developer Nakheel have collaborated in a joint venture, that will bring a new community retail centre to Sharjah. The project - Nakheel’s first outside its home emirate of Dubai - has an estimated development value of AED75 million. Under the agreement, signed today by HE Marwan bin Jassim Al Sarkal, CEO of Shurooq, and Nakheel CEO Sanjay Manchanda, the two organisations will create a shopping, dining and leisure hub in Sharjah’s rapidly-expanding Al Rahmaniya district. The project, to be developed by Nakheel and managed by its retail subsidiary, Nakheel Malls, joins…
read more »Shurooq Puts Investments in Sharjah’s Authentic Tourism and Hospitality at Centre of ITB Berlin 2018
The Sharjah Investment and Development Authority (Shurooq) is promoting the emirate’s status as one of the Middle East’s most progressive and dynamic tourism destinations to 180 countries across five continents at this year’s ITB Berlin, the world’s largest travel trade show. Its participation comes as part of a delegation led by His Excellency Marwan bin Jassim Al Sarkal, CEO of Shurooq. Highlighting Sharjah’s authentic heritage, cultural locations and eco-friendly hospitality, Shurooq, participating under Sharjah Commerce and Tourism Development Authority pavilion, aims to attract interest from more than 160,000 visitors and industry leaders at the event, which began today (Wednesday) in…
read more »Packed Agenda for Invest in Sharjah Strengthens Trade Ties with India

Sharjah FDI Office (Invest in Sharjah) has met with many of India’s leading industrialists, entrepreneurs and government officials in a highly impactful tour of the sub-continent, participating in trade conferences and partnership summits in a packed schedule to promote Sharjah’s vast investment opportunities. In a series of meetings with existing clients, trade associations and prospective investors, Investment Promotions Managers at Invest in Sharjah, Saif Alsuwaidi and Rajesh Kadam highlighted Sharjah’s current business ties with India and future bilateral trade. The visit coincides with a landmark agreement between the UAE and India to enable businesses to transact directly in each other's…
read more »SULTAN AL QASIMI LAUNCHES THREE REAL ESTATE PROJECTS WORTH AED 2.7 BILLION IN SHARJAH

His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, today unveiled three ground-breaking real estate projects to be developed in Sharjah. Worth a total of AED 2.7 billion, the trio of projects are the result of a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, an Abu Dhabi-based private real estate investment and development company. Shurooq and Eagle Hills will work together in a strategic partnership represented by ‘Eagle Hills Sharjah Development’, a dedicated real estate company that aims to develop the three projects; Maryam Island, Kalba Waterfront and…
read more »