News

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 ...

The recent Moody’s rating for Sharjah will impact positively on the emirate’s business environment as well help in attracting investments, according to the chairman of Sharjah Economic Development Department (SEDD). Sharjah’s rating of A3 by Moody’s Investors Service is based on the increased government revenue, stability of the budget indicators and high gross domestic product (GDP) per capita, Sultan Abdullah ...

UAE’s game-changing investment law, which will allow up to 100 per cent ownership to foreign investors in some specific onshore business sectors, is expected to prop up private and foreign direct investments when it will be finally introduced in the last quarter of this year, economists and analysts said. The law, eagerly awaited by the business community, was widely expected ...

The Sharjah Investment and Development Authority (Shurooq) has signed a memorandum of understanding with REI Holding Group and Haewon Medical Foundation Sejong General Hospital to establish the first Korean hospital in Sharjah. The signing ceremony took place in the South Korean capital Seoul, where Shurooq Executive Chairman Marwan bin Jassim Al Sarkal and representatives from Shurooq and REI Holding were ...

200 senior government officials, consuls, businessmen and investors take part in economic session Al Shehhi: “Newly introduced incentives play a vital role in stimulating the business environment.” Al Sarkal: “Economic Council highlights flexible legislation Sharjah offers to investors” Al Hajri: “Our aim from the Majlis is to map out strategic opportunities to boost Sharjah’s FDI and diversified sectors” Al Musharrakh: ...

The Sharjah FDI Office (Invest in Sharjah) and senior officials from business departments in Sharjah have met with top Dutch investors and national commercial entities at the ‘Sharjah–Netherlands Business Seminar’ in Rotterdam on Wednesday (May 9), sharing latest insights about Sharjah’s rapidly transforming economic experience, which has seen a given rise to lucrative business opportunities in a diversity of non-oil ...

Sharjah’s largest infrastructure project has taken another step towards completion following the inauguration of the Middle East’s longest covered tunnel, part of a highway development expected to boost connectivity, trade and logistics between the east and west coasts of the emirate. On April 14 Sheikh Sultan bin Muhammad Al Qasimi, ruler of Sharjah and member of the UAE’s Supreme Council, set ...

Leading economic development agency in Middle East in attracting capital investment projects The Sharjah FDI Office, (Invest in Sharjah), has reinforced its status as one of the region’s key foreign investment drivers, having been recognised once again as a top ‘Investment Project Agency’ (IPA) in one of the most important and prestigious investment industry awards worldwide. The ‘Mac Conway’ awards, ...

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 ...

Rexton Technologies Middle East, an industrial arm of Sharjah-headquartered Kingston Holdings FZC, is setting up a multi-million dollar LED Manufacturing facility in Sharjah Airport Free Zone (SAIF Zone), to capitalise on the region’s growing demand for LED lights. According to recent research by Frost & Sullivan, the GCC LED market is currently growing at 16.8 percent (CAGR) per annum and ...