Business

Sharjah-based diversified holding company Gadoya Holdings, has opened a new AED 60 million (US$ 16m) manufacturing facility and corporate office in Sharjah Industrial Area. The Gadoya Holdings group currently employs a workforce of over 900 employees across 14 business verticals including engineeging, electricals, medical, plastics, real estate, travel and tourism, and sports and fitness. The new 120,000 square foot site ...

The Arab book market is worth US$1 billion per annum, according to the Chairman of Sharjah Book Authority (SBA), Ahmed Bin Rakkad Al Ameri, who was speaking at a panel session at the Sharjah International Book Fair this week. Some 650,000 people have visited the 35th edition of the eleven-day book fair during its first four days, with 1,681 publishing ...

Sharjah National Oil Corporation (SNOC) has announced the launch of a new 500 square kilometre (195 sq. mile) 3D seismic onshore survey to identify potential deep reservoirs of oil and gas. Expected to be completed by the end of 2016, the survey will focus on an area located 40 kilometers southeast of Sharjah city, from Al Soyouh in the north ...

Line Investments & Property LLC this week confirmed plans to open a 43,000 sqm. (462.848 sq. ft.) gross leasable area shopping mall in Sharjah’s Samnan area, near to Industrial Area 5 and the Sharjah Cricket Stadium, by the end of 2018. Multiple new developments across Sharjah are expected to add over 3 million square feet (278,000+ sqm.) of shopping mall space ...

Trade, investment and tourism from India have become a top priority for Sharjah, as its trade promotion organisations campaign widely to capitalise on growing interest in the emirate. Sharjah Commerce and Tourism Development Authority (SCTDA) and Hamriyah Free Zone both launched new marketing roadshows targeting India during the past few days, building on a busy year of promotion activities by Sharjah authorities. ...

Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and global facilities management service provider Apleona (formerly Bilfinger Facility Management and Building Services), have signed a joint venture agreement to establish a new world class facilities management company headquartered in Sharjah. Apleona delivers services for the property lifecycle beginning with property investment and covering planning, construction and ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has been ranked third in UK-based Airfinance Journal’s list of top 50 global airlines. The financial aviation intelligence magazine’s top 50 report evaluated the performance of 137 airlines based on a set of operational and financial parameters, including Total Revenue, Net Income, Passenger ...

Sharafco Group, a diversified petrochemicals group, has opened a new 80,000 cubic metre (cbm) oil storage terminal at Sharjah’s Hamriyah Free Zone. The new facility falls under Hamriyah-based Sharafco Petroleum FZE, a leading UAE supplier, marketer and manufacturer of petroleum and fuel products, which aims to lease out the tanks to global petrochemical traders. The US$100 million (AED 3.65b) storage ...

Sharjah Investment and Development Authority (Shurooq) unveiled a new ‘Invest in Sharjah’ brand at the Sharjah FDI Forum 2016 on Wednesday. Shurooq expects the new brand to help position Sharjah in global markets and help foreign investors identify the right opportunities in the emirate. Shurooq was established in 2009 to identify, evaluate and drive tourism, industry and heritage-related infrastructure projects, ...

Sharjah-based property company Al Thuriah has announced Sahara Tower 6, the final project in its 3.1 million square foot (288,000 sqm.) Sahara Complex on Sharjah’s Al Nahda Street, near to the border with Dubai. The new tower will complete the residential development, which includes 1,348 apartments, plus a variety of services and facilities. The last of six residential towers, the ...