Jul 10 2010
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Shurooq discusses investment opportunities at Emirates Industrial City
The Sharjah Investment and Development Authority (Shurooq) recently held a meeting with the UAE-based Emirates Industrial Cities Co. ( EIC ) to discuss investment opportunities at its Emirates Industrial City project, as well as to develop ideas that are on par with the economic growth requirements of Sharjah in particular, and the UAE in general.
During his meeting with EIC 's General Manager, Eng. Mohammed Al Hazza', Shurooq's Chief Executive Officer, Marwan Al Sarkal, listened to a thorough description of the Emirates Industrial City project in Sharjah, as well as the available investment opportunities, quality services and amenities, and the host of light and medium industries it offers.
Emirates Industrial City includes numerous light and medium industries, including collective industries, transformational industries, packing, distribution and logistics support, commercial activities for furniture traders and suppliers, equipment, spare parts, home appliances and construction materials.
"Industrial cities attract huge attention from investors and traders in growing countries, with ideas and suggestions competing against each other to attract the biggest investments. But ambitions are usually hampered due to a lack of planning, lack of future insight or impeding growth. As a result, industrial cities get overflowed with commercial expansions, and their identities are mixed between residential and commercial activities, which is a distinct aspect of industrial cities in the Middle East in general. Though many industrial cities are established each year in the region, they tend to be forgotten soon afterwards," commented Al Sarkal.
He added: "Shurooq is particularly interested in this project as it provides numerous investment opportunities and services, including banking services, commercial centers, restaurants, conferences, hotels and other basic services. The Emirates Industrial City also provides access to international roads, marinas and airports, which may encourage companies to set up commercial complexes away from residential ones, safeguarding these complexes from traffic jams and pollution, and sustaining the environment at the same time. Our meeting with EIC management was fruitful, and we look forward to further meetings in the future".
Said Al Hazza': "Emirates Industrial Cities is a mega project extending over a total are of 20 million sq. feet of the Emirates Industrial City project site, which totals 83 million sq. feet. It is divided into eight sections, two of which have been specified for warehouses and logistics support. It houses 400 units that can further be divided into 4000 warehouses. The other six sections are specified for industrial investments, commercial activities, constant sale exhibitions for factories and multi-purpose business centers, with the flexibility to host other activities and support services."
He added: "Numerous ideas were put on the table during our meeting with Shurooq, and we are pleased with the authority's interest in developing the industrial sector in Sharjah. We are confident of the impact of such successful meetings - which specifically cater to the needs of investors - on the development and growth of the economy in the UAE and Sharjah."
Shurooq aims to establish a strong infrastructure for investment projects while encouraging investment opportunities in Sharjah and making Sharjah a safe haven for investments. It supports a wide range of investors in overcoming challenges, and cooperates with government and private institutions to achieve growth standards and strengthen Sharjah's reputation at all levels.
For further information, please contact:
Tel: +971 4 3298996
Fax: +971 4 3298995
Mobile: +971 50 4779923
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