"basis" It allows foreign investors to use"100" A year in a project "Industrial"
Sharjah, April 10 / WAM / Basas Real Estate Company – the real estate arm of Sharjah Islamic Bank launched an exceptional advantage for the industrial shock lands project in Sharjah, allowing foreign investors of all non -Arab nationalities to benefit from the right to use for a period of 100 years, in addition to free ownership of Arab investors.
This initiative comes to give foreign investors the opportunity to benefit from the strategic project site and its rewarding investment returns, which contributes to enhancing the attractiveness of the Emirate of Sharjah as an ideal destination for long -term industrial investment.
This decision includes all nationalities without exception as long as the investor holds a valid residence within the UAE, which establishes the principle of equality in investment opportunities and enhances the competitiveness of the real estate environment in the emirate.
Eng. Ahmed Al -Amiri, General Manager of Asas Real Estate Company, said that the launch of the usufruct feature for 100 years comes in response to the growing expansion of the demand for industrial stinging lands and to provide flexible options that allow foreign investors to enter the real estate and industrial market in Sharjah. This step also contributes to enhancing the project’s status as an essential engine for economic and investment growth by attracting new segments of investors and supporting the expansion of industrial activities in a promising area An accelerated developmental renaissance is witnessing this feature is a complement to the previously provided by the project for Arab investors in a way that enhances the diversity of the investor base and increases the project’s competitiveness at the region level.
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