Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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Al Saja’a Industrial Oasis, one of the largest industrial projects in the region, could create more than 20,000 jobs according to developer Sharjah Asset Management. The development of the new 14 million square foot industrial estate near Sharjah International Airport was announced in October.
Sharjah Asset Management expects that the total population of Al Saja’a Industrial Oasis will reach approximately 20,800 people, to include day and night movements to and from the estate. Accounting for the total population when all industrial plots are occupied, plus jobs created during the development of the project, Al Saja’a Industrial Oasis could create as many as 21,000 jobs.
According to Sharjah Asset Management, the investment arm of the Government of Sharjah, 15 percent of the industrial park’s 353 plots have already been sold to pre-registered investors. The size of plots in the industrial estate, which are being offered on a freehold or leasehold basis, varies from 13,454 square feet to 53,819 square feet, mostly for light and medium industries. Additional plots at Al Saja’a will be put on sale in the near future.
Infrastructure development for Al Saja’a Industrial Oasis are already in progress by contractor Darwish Engineering Emirates. According to Sharjah Asset Management, approximately AED 385 million (US$ 105m) is being invested in the project’s infrastructure to provide electricity, gas, telecommunications, roads, water and drainage networks.
Sharjah began zoning areas for industry more than forty years ago and now has 18 designated industrial areas. It has also created free trade zones, with Hamriyah Free Zone Authority and Sharjah Airport International Free Zone (SAIF-ZONE) today hosting some 13,500 companies from 157 countries across multiple industrial sectors.
Source: SAM, media
