11 million sqft of land ready for development
Sharjah, 15th of March 2009: SNASCO, master developer of the Sharjah Investment Center (SIC), has commenced delivery of the 240 plots that make up phase one of the project, having already completed the AED400 million infrastructure phase.
The plots extend over an area of approximately 11 million square feet, and range from industrial to commercial, mixed-use and labour accommodation plots. The now-completed infrastructure phase included road network, sewage treatment plants, water supply systems, storm water drainage system, telephone and telecommunication infrastructure, fire protection systems, cooling systems and power generating plants. SNASCO has also finalized all the required procedures to acquire drawings for the plots.
Dr Omar Mashabi, General Manager of SNASCO and Development Manager of SIC, said that with the current circumstances, this achievement would not have been possible without the unlimited support offered to developers in the emirate by H.H. Sheikh Dr Sultan Bin Mohammed Al-Qassimi, Member of the Supreme Council and Ruler of Sharjah, and the Sharjah Government.
"We have enjoyed excellent cooperation from the relevant government departments, including the Directorate of Town Planning and Survey, the Sharjah Lands Department, the Sharjah Electricity and Water Authority, the Sharjah Fire Department, the Sewage Department and Etisalat. No matter the surrounding circumstances, SNASCO is committed to delivering its project in accordance with the schedule."
Regarding the other phases of the project, Dr Mashabi said that work is ongoing to ensure delivery of these phases to clients in accordance with the schedule, after finalizing the necessary procedures.
SIC covers an area of 32 million square feet, the largest development of its kind in the emirate. The project includes storage areas, labour accommodation, logistic support areas, and a special area for light and medium industry. Additionally there will be hotels, leisure services and a commercial center, as well as cafeterias, restaurants, recreation facilities and hotels.
Launched by SNASCO in November 2006, SIC is located in close proximity to Emirates Road, the Sharjah International Airport and neighbouring Sharjah Airport Freezone, and Hamriyah Port, and is only 30 kilometres from Dubai International Airport.
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About SNASCO:
SNASCO is a GCC based property developer with a number of landmark projects under construction in the UAE. These projects cover all areas of property development, including a low-rise residential and commercial project in Sharjah, called Al Basateen, and a mixed-use industrial project called Sharjah Investment Centre (SIC).
SNASCO has elaborate plans for further expansion throughout the region, and aims to develop properties with unique architectural and geographical characteristics, which reflect environmental sensitivity, impeccable planning and flawless execution.
For further information, please contact:
Hunada Zein Edin
Marketing and Communication Manager
SNASCO
Tel: +9716 5751175
Fax: +971 6 5751157
Hunada.zeinedin@snasco.com
www.snasco.com
SAHARA Communications
Tel: +971 4 329 8996
Fax: +971 4 329 8996
www.saharagcc.com
© Press Release 2009
