The Sharjah Investment and Development Authority (Shurooq) plans to boost its economic diversification goal through new developments across sectors such as real estate, tourism, commercial and hospitality projects, media reports said.
Marwan bin Jassim Al-Sarkal, executive chairman of Shurooq, told the media, As businesses are gradually returning to normal, Shurooq is responding to the crisis and helping drive recovery to preserve the resilience and stability of the economy as well as ensure that the growth in all sectors is balanced. Shurooq’s numerous projects facilitate Sharjah’s policy of economic diversification, in line with UAE’s growth strategy.”
It is reported that Shurooq is taking stringent measures to safeguard its staff and workers against Covid-19. The organisation has partnered with global firms to launch new projects and vowed to remain available to investment opportunities. Sharjah which is considered one of the major cities in the UAE is expected to thrive through the new developments.
The new developments by Shurooq will bolster Sharjah’s economic diversification plans aimed at enhancing the investment space across the emirate.
Moreover, the new developments will pave the way for sectors such as renewable energy, health care, logistics and hospitality to launch new projects through Shurooq’s support.
Projects such as the House of Wisdom, Sharjah Sustainable City, Maryam Island, Palace Al Khan and Avenues Mall Sharjah are among the list of projects scheduled for completion in the next two years.
The emirate has worked hard in the last few years to attract foreign companies and spur economic growth.