Global business aviation services company Gama Aviation plc now offers ‘Category Zero’ handling for its fixed based operations (FBO) at Sharjah International Airport. New handling rates have been introduced to encourage the region’s light aircraft users to use Gama’s facilities at the airport. According to the company, there are some 128 light aircraft in the Middle East, accounting for 16 ...
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Sharjah to establish digital government centre
Sharjah plans to establish a Centre of Excellence for Digital Government in the American University of Sharjah Research, Technology and Innovation (RTI) Park. The news was revealed during a meeting between His Highness Sheikh Dr Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council, Ruler of Sharjah and President of American University of Sharjah and visiting SAP CEO Bill ...
Read More »SEWA evaluates Hamriyah expansion bids
Sharjah Electricity and Water Authority (SEWA) is evaluating eight bids for the contract to expand and convert Hamriyah power plant from an open-cycle plant to a combined-cycle facility, according to Middle East Economic Digest (MEED). Media reports indicate that the expansion is expected to increase electricity production capacity from 500 Megawatts (MW) to between 1,000 MW and 1,500 MW. The ...
Read More »Astronomical observatory to be built in Mleiha
Mleiha Archaeological and Eco-tourism Project, a new tourist, heritage and eco-tourism destination 50km east of Sharjah city, is to have an astronomical observatory built on top of one of the area’s mountains. The observatory is one of the outcomes from an agreement signed between Sharjah Investment and Development Authority (Shurooq) and Sharjah Centre for Astronomy and Space Sciences (SCASS), under ...
Read More »Shurooq seeks to strengthen cooperation with Turkish businessmen
Opportunities for Turkish investors was the main item on the agenda at a business meeting at Sharjah Chamber of Commerce and Industry (SCCI). Organised by Sharjah Investment and Development Authority (Shurooq) in association with the Turkish Business Council in the UAE, the event was held in the presence of His Excellency Erdem Ozan, Turkish Consul General in Dubai, His Excellency ...
Read More »Air Arabia Q1 net profit up 34 percent
Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 34 percent increase in its net profit for the three months ending 31 March 2016, compared to the same period last year. The strong first quarter financial results exceeded analyst expectations, despite regional economic uncertainties resulting from lower oil prices. ...
Read More »80% of Sharjah Investment Center plots sold
Sharjah Investment Center (SIC), a new 32 million square foot mixed-use industrial development in Sharjah, has sold 80 percent of the plots in its first two development phases to-date, according to Saudi property developer SNASCO. The project, which is a joint venture between SNASCO and UAE investors, has sold 350 plots out of the 15 million sq. ft. area allocated ...
Read More »SAM to launch stage two of Al Saja’a Industrial Oasis
Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, plans to launch the second stage of sales for Al Saja’a Industrial Oasis on April 28th via a sales event at the Sheraton Sharjah Beach Resort and Spa. SAM opened sales for the first stage of its new 14 million square foot industrial estate in October last year, ...
Read More »Sharjah’s Tilal Properties eyes AED 3 billion of real estate projects
Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, is studying plans for two new real estate developments in Sharjah worth an estimated AED 3 billion (US$822m), according to media reports. The company is also considering projects elsewhere in the region, including possible projects in Saudi Arabia. The new Sharjah projects in consideration are, reportedly, ...
Read More »Sharjah piques the interest of global investors at AIM 2016
Sharjah Investment and Development Authority (Shurooq) has announced that the Sharjah Pavilion at the Annual Investment Meeting (AIM) 2016 has successfully showcased Sharjah’s distinctive investment ventures to government officials, decision-makers and international investors at the leading global economic event, which is organised every year by the UAE Ministry of Economy. Sharing the pavilion with Shurooq were the Sharjah Chamber of ...
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