Press Release

Shurooq concludes participation in Cityscape Global

September 28, 2014

Several meetings conducted with key industry players
The Sharjah Investment and Development Authority (Shurooq) has successfully concluded its participation in Cityscape Global 2014, the region's leading property event, which took place at the Dubai World Trade Centre from 21-23 September.
Shurooq's stand attracted a high level of interest and widespread acclaim from numerous dignitaries and VIP's, including Sheikh Rashid bin Humaid Al Nuaimi, Chairman of Ajman Municipality and Planning Department, and Shaikh Mansour bin Mohammed bin Rashid Al Maktoum, as well as a number of investors and visitors interested in the real estate industry.
Ahmed Obaid Al Qaseer, COO of Shurooq, said, “As one of the region’s premier real estate events, Cityscape Global offered us an ideal platform to network and forge partnerships with key industry players, as well as to showcase our rich portfolio of mixed-use master planned development projects and eco-friendly initiatives designed to preserve the natural environment.”
In keeping up with its outreach strategy and its ongoing efforts to make the most of all domestic and foreign B2B events, Shurooq conducted a series of high-level meetings with government officials and business leaders, as well as representatives of real estate agencies and investors from a number of participating countries, to discuss the available investment opportunities in Sharjah and familiarize potential investors with the competitive facilities and incentives made available to foreign investors by Sharjah’s government.
Elaborating on these B2B meetings, Shurooq’s COO said: “We highlighted the emirate’s efforts to attract investors through its competitive facilities and incentives across different economic sectors, with the aim of accelerating the process of economic diversification, and with an emphasis on Sharjah as the most diversified economy in the region.”
Al Qaseer stated that Shurooq made use of this excellent networking platform to showcase a number of the Authority’s landmark development projects, including Al Jabal Resort - The Chedi Khorfakkan, Sir Bu Nuair Island, Al Bait Hotel in Heart of Sharjah, , among other leading projects that have contributed significantly to boosting the emirate’s growth and attracting more investment.
Shurooq’s COO emphasized that each of these projects have been carefully designed to stimulate the local economy, while providing foreign investors with unique opportunities to capitalize on the emirate’s exceptional growth.
Shurooq was established in 2009 with the aim of achieving social, cultural, environmental and economic development on the basis of Sharjah's distinct Arab and Islamic identity, and to encourage investment by adopting the best international standards in providing quality services that help attract investors from the region and the world.
Shurooq's key mission is to provide facilities and incentives to help overcome obstacles facing investment activities in the emirate, evaluate investment-related infrastructure projects, and lay down the necessary plans to complete such projects.
In recognition of its overall accomplishments, Shurooq was named The Banking Awards 2013 – and 2014 FDI Agency of the Year in the MENA region, in the European’s Global Banking and Finance Awards.
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