Sharjah, 13th of April, 2016,

Sharjah Investment Center recently signed a Dh126.5 million deal with Scan Electromechanical Contracting Company for the installation of a power plant over an area of 32 million square feet in a strategic location in Al Arqoub near Sharjah International Airport.

According to the provisions of the agreement, Scan Electromechanical Contracting Company will install and commission a 180 MW Siemens power plant and connect it to Al Hamriyah Power Station in Sharjah within a period of 20 months.

The signing ceremony took place at the Sheraton Sharjah hotel, under the patronage and in the presence of HE Dr Rashid Al Leem, Chairman of the Sharjah Electricity and Water Authority (SEWA), and was attended by Mr Saleh Al Sorayai, Chairman of Sharjah Investment Center, and Mr George Khalil Aziz, Partner and CEO of Scan Electromechanical Contracting Company, who signed the agreement on behalf of their respective organisations in the presence of a number of officials, directors of government departments, VIPs, businessmen and media representatives.

In his speech on the occasion, Mr Al Sorayai expressed his pleasure in signing the agreement with Scan Electromechanical Contracting Company, saying: Signing this deal is a new milestone in the construction works of this vital project, which is well-positioned with its state-of-the-art infrastructure and facilities that add value to the quality of the fully-integrated projects in the Emirate of Sharjah. This contributes to achieving the vision of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, which aims to boost the status of the Emirate of Sharjah as a destination of choice for investors in industrial and trading sectorsa destination where they are provided with an investor-friendly climate and a multitude of services, facilities and incentives.

The ceremony included a presentation about the Sharjah Investment Center, delivered by Mr Ahmed Al Ghamdi, Consultant at the Sharjah Investment Center, who explained that the multi-purpose development is strategically situated near Sharjah International Airport and Al Hamriyah Port.

The development includes plots for industrial, commercial and residential usage, as well as community and logistic facilities which add an economic dimension to the Emirate of Sharjah, he said.

Sharjah Investment Center serves the business sector in the Emirate of Sharjah, and will contribute to the process of investment attraction. The development will introduce new areas of investment in innovative enterprises, and offer all the necessary facilities, services and incentives to maintain sustainable economic development in Sharjah and the UAE as a whole.

In Mr Azizs presentation about the power plant, he said: Most parts of the power plant, which will generate 180MW electricity, are manufactured by the German company, Siemens. Installation and commission works will be completed within 20 months, and the project is expected for completion by the end of 2017. The power plant will meet the highest standards of operational efficiency and will be connected with Hamriyah Power Station within the Sharjah Power Grid.

At the end of the ceremony, Mr Al Sorayai, alongside the members of the board of directors, honoured HE Dr Rashid Al Leem, HE Engineer Salah bin Butti, Chairman of the Directorate of Town Planning and Survey, Mr Sami Farhat, CEO of Invest Bank, and Engineer Baha Al Nahawi, General Manager of Darwish Engineering Emirates, in recognition of their significant support and contribution to this milestoneone that paves the way for a quantum leap in the integrated investment developments in the Emirate of Sharjah.

-Ends-

For more information, please contact:
Emad Dwekat,
Sahara Communications
0097143298996
emad@saharagcc.com

Press Release 2016