Business

Masdar, Abu Dhabi’s renewable energy company, is to build a new 300,000 tonne waste-to-energy plant in partnership with Bee’ah, Sharjah’s integrated environmental and waste management company. The news follows the signing of a Memorandum of Understanding (MoU) between Masdar and Bee’ah in 2016 to collaborate in the development of new energy projects. Owned by the government of Abu Dhabi, Masdar ...

As 2016 draws to a close, Sharjah Investment and Development Authority (Shurooq) looks back on a busy year of promoting business and investment opportunities in the emirate. The authority’s 2016 campaign has included participation in global business and investment events, marketing roadshows, organising a major investor event in London and hosting the Sharjah FDI Forum. Activities have included visits to ...

H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and President of American University of Sharjah (AUS) has announced university plans to become the top research university in the Arab world within five years. Founded in 1997, the American University of Sharjah is a not-for-profit, independent, institution of higher education located in Sharjah’s University ...

NMC Health (LON:NMC), a leading UAE-based healthcare provider, is to acquire Al Zahra Hospital Sharjah from Gulf Medical Projects (ADX:GMPC) for US$560 million (AED 2.1b). Opened in 1981, the hospital is located in the Al Ghuwair district of Sharjah and is one of the largest medical facilities in the United Arab Emirates. NMC will fund the acquisition of Al Zahra ...

Global business aviation services company Gama Aviation has announced plans for its new purpose-built, integrated business aviation complex at Sharjah International Airport, scheduled to open in mid-2018. The company disclosed architectural concepts for its Sharjah fixed-base operations (FBO) at the Middle East and North Africa Business Aviation Association (MEBAA) Show held in Dubai this week. Gama has registered a 12 percent ...

Sharjah is building a new 4 million square foot (370,000 sqm.) exhibition and conference centre in Al Tai district, near the intersection of Emirates Road and Mleiha Road. Sharjah Book Authority (SBA) revealed recently that next year’s Sharjah International Book Fair will move to the new venue in order to expand its area from 25,000 square metres (269,098 sq. ft.) ...

Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry based in Sharjah and listed on the London Stock Exchange (symbol: LAM), has won a landmark US$ 225 million (AED 826.5m) contract from UK wind energy developer ScottishPower Renewables. Under the contract, Lamprell will fabricate up to 60 steel foundation jackets for the energy provider’s flagship East ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has confirmed options for five additional Airbus A320 aircraft. The delivery of original contract covering 44 firm orders and 5 options will be completed in 2017. The five new Airbus A320 aircraft will be put into service starting second quarter 2017 backlog and ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 26 percent increase in net profit for the three months ending 30 September 2016, compared to the same period last year. The company attributes the strong third quarter-performance to the success of its expansion strategy. The airline has added five ...

Majid Al Futtaim will invest AED 260 million (US$ 71 million) in the redevelopment of City Centre Sharjah, one of Sharjah’s largest shopping malls located on Al Wahda street in the centre of the city. Scheduled for completion in the last quarter of 2017, the expansion will add 13,700 square metres (147,466 sq. ft.) of retail space and is expected ...