Chairperson of Shurooq emphasises the significance of the two projects in boosting the economic and tourism landscape in Sharjah
Bodour Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), conducted a detailed inspection visit and oversaw the progress of two new projects currently under development by Shurooq. These includeSharjah Sustainable City, a first-of-its kind project in the emirate that meets the highest standards of green economy and environmental sustainability,which is being developed by Shurooq in partnership with Diamond Developers, and Al Hira Beach, which Shurooq commenced in February 2021.
During the visit, Bodour Al Qasimi was accompanied by Ahmed Obaid Al Qaseer, Acting Chief Executive Officer of Sharjah Investment and Development Authority (Shurooq),Yousif Ahmed Al-Mutawa, Chief Executive Officer of Sharjah Sustainable City, and several directors of various departments under Shurooq.
Bodour toured the two projects, and was briefed on the status of their progressand array of facilitiesand amenities planned for each site. The Shurooq Chairperson wasupdated on the stringent criteria followed to ensure completion of the projectson time in line with Sharjah’s vision to accelerate advancement of the tourism and real estate sectors and to fulfil Shurooq’s goal of enhancing the investment appeal of Sharjah and creating new business opportunities.
Bodour thanked all the teamsinvolved in the various stages of construction of the two projects for their efforts and their keenness to complete the work on time and in adherence to the highest standards of quality.
Bodour Al Qasimi emphasisedthat the Sharjah Sustainable City project aligns with Shurooq’s strategy of bolstering environment-friendly investments and business diversification andin developing projects with the highest level of long-term impact.
Speaking about the Al Hira Beach project,Bodour Al Qasimi pointed out that it translates Shurooq’s inclusive vision thatbuilds onSharjah’s aspirations and goals of bringing paradigm shifts in the tourism sector and investing in projects that contribute to the progress and development of theareas in which they are located.
The Sharjah Sustainable City: A model for future cities
The Sharjah Sustainable City, an urban mixed-use residential community project, is a model for future cities. The project’s design meets the highest standards of social, environmental and economic sustainability criteria. Adopting renewable and clean energy systems, the sustainable community comprises eco-friendly and energy-efficient 3, 4 and 5-bedroom villas, indoor vertical farms, a school, and service facilities such as gyms, separate swimming pools for men and women, as well as dedicated play areas for children.
The AED 2 billion project extends over 7.2 million sqftand is being implemented in four phases. The first phase includes 280 villas that have been fully sold out, while the second phase includes 324 villas, of which 55% have been sold, and is scheduled to be deliveredin March 2023.
Al Hira Beach: Shurooq’s largest beach development project
The AED 87 million Al Hira Beach project extends over a 3.5-kilometre stretch across the shoreline overlooking the Arabian Gulf in the Al Fisht area in Sharjah. It comprises of three clusters with 6 retail units in each, featuring 18 restaurants and cafes,a promenade, marina, sports facilities and service amenities.
Al Hira Beach is the second inclusive beach project developed by Shurooq after the Khorfakkan Beach. It has marked 98% completion, and the commercial units are ready to be rented.The beach is scheduled to open for visitors and beachgoers in the second quarter of 2022.
About the Sharjah Investment and Development Authority (Shurooq):
The Sharjah Investment and Development Authority (Shurooq) is currently leading a diversified portfolio of infrastructure projects, with a total value of more than AED 12 billion (USD 3.2 billion) and covering a total land space of more than 12 million sqm across Sharjah’s western, central and eastern regions.
Shurooq’s portfolio of projects reflects its mission to enhance long-term investment prospects offered by Sharjah to businesses, SMEs and startups across a wide range of sectors. Furthering this goal, the authority has been driving Sharjah’s Public Private Partnerships (PPPs) through joint ventures with key local and global brands.
Through each of its focus sectors, Shurooq takes the responsibility of driving investments and creating new partnerships that effectively boost Sharjah’s economy and FDI growth, working closely in partnership with numerous state and federal entities contributing Sharjah and UAE’s economic standing and development.
