Sharjah looks for investors

Emirate has invested heavily in economic development

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Sharjah looks for investors Sharjah is experiencing a surge in economic growth.
By Staff Writer Published  October 16, 2012

The Emirate of Sharjah has invested heavily in economic development and is seeing the benefits of the investment. It has displayed new services and more details about the Emirate at Sharjah Economic Development Department’s stand at this year’s GITEX TECHNOLOGY WEEK.

Sharjah has chosen four sectors — travel and tourism, transport and logistics, healthcare, and environment — for economic growth over the next four years, according to a recent study released by the Sharjah Investment and Development Authority (Shurooq).

Marwan Bin Jassim Al Sarkal, CEO of Shurooq, says about Sharjah: “The Emirate is already achieving strong growth, powered by a host of giant projects related to tourism, logistics and transport, healthcare and environment, and other sectors offering significant investment potential to both local and foreign investors.”

Among the projects that are currently underway are the Chedi Khorfakkan Resort, Kalba Eco-tourism project, the Heart of Sharjah, and the Al Jazeera Park makeover, among other initiatives undertaken and supervised by Shurooq in its capacity as the investment regulatory body of the Emirate. Other transportation projects are also on the cards and new projects are in the development stage as well. The transport and logistics market is expected to grow at 15 per cent annually after it reached AED3.53bn in 2012.

Further, His Highness Sheikh Sultan bin Mohammed al Qasimi, member of the supreme council and ruler of Sharjah, recently announced plans to set up an integrated healthcare city. The healthcare industry is expected to grow 9.3% up to 2016.

2194 days ago
Vinod Mehra

Its commendable that Emirate of Sharjah has invested heavily in economic development and is seeing the benefits of the investment. However to catch up with some of the popular destination in UAE; Sharjah authorities has to work on ensuring that investors feel welcome. the investors should not only see but begin believing in the Sharjah intent to make it easy for FDI

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