"sunrise" Sharjah’s future vision supports more than 52 projects with investments and partnerships exceeding 7 billion dirhams
Sharjah, May 12 / WAM / The Sharjah Investment and Development Authority (Sunrise) revealed that the outcome of its development career within 15 years was to develop 52 projects and tourism and cultural experience that spanned more than 60 million square feet in various cities of Sharjah with investments and partnerships of 7.2 billion dirhams.
The initiatives included 3 projects in the real estate sector, with investments worth 5 billion dirhams and 10 qualitative projects in the hospitality sector, with investments of 850 million dirhams, 18 projects in the retail and entertainment sectors. Investments exceeded 870 million dirhams, 5 projects in the culture and arts sectors, with investments of 447 million dirhams, and 10 projects in the food and beverage sector. Strategic partners in various sectors in the context of its vision to diversify its investment portfolio and enhance sustainable growth.
The “Shorouk” projects included the development of marine facades over 7.7 km, which highlights the natural beauty of the emirate, as well as environmental projects that reflect the commitment of the authority to sustainability values. It contributed to creating more than 5,000 direct and indirect job opportunities, including 1095 opportunities through partnerships with 10 local and international bodies.
“Shorouk” confirmed that these results came as a fruit of the vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, led and supported by Sheikha Badour Bint Sultan Al Qasimi, the head of the commission, where “Shorouk” continued its priorities in achieving sustainable economic growth and enhancing diversity through an innovative approach and strategic partnerships focusing on attracting quality projects that contribute to promoting Sharjah’s competitiveness regionally and globally.
Sheikha Badour Bint Sultan Al Qasimi, President of “Shorouk”, said for fifteen years. Tourism and innovation, and we believe that the secret of our success is embodied in our ability to adopt a long -term vision in addition to our investment in promoting effective partnerships and commitment to forming a prosperous future that includes everyone.
His Excellency Ahmed Obaid Al -Qusayr, Executive Director of “Shorouk”, said since its foundation, “Shorouk” was keen to participate in building the future of Sharjah’s economic, social and cultural future and based on all our projects on a clear vision that is inspired by the directives of His Highness the Ruler of Sharjah and with the support of Sheikha Badour Bint Sultan Al Qasimi, President of the Commission, we worked on implementing this vision through integrated development projects that put the human and place at the heart of the growth equation where our strategy is based On diversity, sustainability and qualitative partnerships, and today we reap the fruits of this approach that have achieved a real economic and social impact and contributed to enhancing the emirate’s competitiveness and its investment attractiveness at the regional and global levels.
Shorouk succeeded in establishing its position and role as a major engine for the growth of the real estate sector in Sharjah, which recorded 7.6% of the non -oil GDP of the emirate and support the emirate’s contribution to the state’s gross domestic product.
The authority achieved an annual growth rate compound in its real estate sales by 48.9% between 2018 and 2024 and implemented three major projects “Maryam Island”, “Sharjah Sustainable City” and “Agwan Khorfakkan” with a total of 4,516 real estate units of 5 billion dirhams, 4,187 of which were sold to customers of 98 nationalities.
The “Maryam Island” project, which was developed by “Shorouk”, is located in partnership with “Eagle Hills” on the waterfront in the heart of the Emirate of Sharjah and includes 3,083 units on an area of 3.19 million square feet in the Khan area.
The “Sustainable City of Sharjah” is one of the most prominent sustainable environmental models in the region, where “Shorouk” developed it in partnership with “Diamond Devilops” on an area of 3.29 million square feet and includes 1,248 units.
The “Ajwan Khorfakkan” project, which is still under construction, is one of the most prominent landmarks in the luxury real estate market in Sharjah.
The tourism and hospitality sector witnessed during the first half of 2024 growth of 5.1%, and since its establishment, “Sunrise” has invested 850 million dirhams in 10 hospitality projects, three of which are still under construction that contributed to the development of infrastructure and luxury hospitality projects, which strengthened Sharjah’s position as a leading tourist destination.
The Sharjah Hospitality Group includes 7 projects that include heritage facilities and environmental and desert resorts in various parts of the emirate, and “Sunrise” added 35 new hotel units on it and supervised fully to its management and operation.
The “Najd Al -Maktar” project is a luxurious heritage hotel project located on the mountains of Khorfakkan city with an area of 17,654 square meters and consists of seven hospitality units within a mountainous village dating back to more than 100 years that were restored within a broader project to qualify the region in cooperation with the Initiative and Infrastructure Development Authority in the Emirate of Sharjah “initiative” and materials were chosen to ensure the preservation of the authentic architectural character and harmony with Natural environment and providing unique experiences that rise to the experience of visitors.
The “Rahal” project is an environmental hospitality project that extends over an area of 192,092 square meters in the city of Kalba and includes 20 compartment that enhances the concepts of sustainability.
The “Al -Badayer Oasis” project, a luxurious desert resort that includes 21 units and 25 luxury tents on an area of 226,530 square meters, is located near the sand dunes, providing guests for desert activities and adventures.
“The Rafraraf” is a luxurious ecosystem located on a quiet island in the city of Kalba within the Crimean Trees Reserve, which is supervised by the Environmental and Natural Reserves Authority and extends over an area of 678,265 square meters.
And the “Moon Blind” project, which is a camping project on an area of 79,900 square meters in the Maliha area.
And the “Al -Faya”, which is a luxurious desert hospitality project on an area of 15,211 square meters and includes five rooms that were restored to receive visitors in a comfortable and contemporary atmosphere.
As for “The Winds House” is a luxurious resort and from the Emirati heritage homes that have been restored and renewed in cooperation with the “Sharjah Heritage Institute” in Khorfakkan on an area of 24,929 square meters, where it includes 20 heritage houses that have been restored and converted, the largest of which is owned by the work of the operator into a restaurant and a reception facility and a mini historical exhibition to collect the 19 homes remaining between history and luxury in the city Khor Fakkan.
The “Shurooq” also developed the Chidi Al -Bayt Hotel, Sharjah “and turned it into a cultural jewel that combines Emirati heritage with contemporary luxury in the” Heart of Sharjah “area in cooperation with the group” General Hotel Manstant “.
The commitment of “Sunrise” in the hospitality sector extends to global -level projects in the field of food and beverages through restaurants and cafes that provide high -end experiences that enrich the luxury destinations of the authority and owns “Sunrise” and runs nine units in cooperation with a number of the most famous global chefs in order to enhance visitors’ experience. .
According to the Marketel Advisers Market Company, the entertainment and entertainment sector in the UAE is expected to witness an annual growth of 9.7% until 2027. These expectations are due to the growth of the numbers of tourist attractions in the country and the “Sunrise” invested 1.04 billion dirhams in 18 entertainment destinations that include 5 unique experiences through which it redefined the scene of the recreation and retail sectors in the emirate And the state.
Among the shopping centers on the water facades to the quiet islands and interesting adventures that meet these destinations and experiences the various interests of visitors, and “Sunrise” continues to enhance Sharjah’s position and its attractiveness as a regional destination for adventure, entertainment and tourism.
The “Khorfakkan Beach” project is a family destination and a center for water sports lovers along a length of 3.5 km, to enhance the promotion of tourism movement.
“The Adventures of the Mountain” is a distinct destination under development – near Jabal Al -Swaifa – overlooking the pearl beach intended by adventure lovers and includes a path to slide with rope, walking paths and another for mountain bicycles riding in addition to captivating looks from the restaurant and the surveillance platform above the mountain.
“Al -Hirah Beach” developed “Shurooq” a beach destination that extends a distance of 3.5 km, providing exceptional entertainment experiences in 18 restaurants, cafe, commercial and entertainment.
“Kalba Beach” extends over 700 meters on the eastern coast of the emirate near the Crimean Trees Reserve and is characterized by its preservation of the environment and meeting the criteria of “blue science” for sustainability, forming a calm destination to communicate with nature.
“The Water Club” is a partnership project between “Shorouk” and “Eagle Hills Sharjah Development” with an area of 183,800 square meters and includes 80 commercial units on an area of 130,015 square meters that include retail stores, restaurants, cafes, entertainment facilities and a gaming area on an area of 1,600 square meters.
The “water metaphor façade”, which is an entertainment destination on an area of 111,419 square meters, characterized by its vital location overlooking the Khaled Lake in the city of Sharjah and attracts tourists and residents and embraces a wide range of international and local restaurants and cafes throughout the year.
The “Al -Qasba” project is the Center for Art, Culture and Family Experiences in Sharjah and one of the first multi -use destinations that receive families, tourists and entrepreneurs on an area of 63,350 square meters and renewed “Shurooq” destination in 2022 due to its attractiveness and the increase in public turnout.
The “Sunrise” project also developed the “Al -Montazah Gardens” project on an area of 126,000 square meters, “Al -Hafee Park” on an area of 135,500 square meters, “Al -Alam Island” on an area of 35,963 square meters and three “fields of science” with an area of 8,967 square meters in Kalba, 7,063 square meters in Khor Fakkan and 1,590 square meters in Dibba Al -Hosn.
The “Sunrise” projects in this sector include “Sharjah boats” and “tourism tour in Sharjah”, along with the “sky adventures” project, the first official authorized center for paragliding training in the UAE.
The achievements of “Sunrise” in the culture and arts sector come to consolidate the position of Sharjah as a global cultural center and a standard of the creative economy, reviewing the rich heritage of the emirate and confirmed its commitment to enhancing cultural ties between nations. Among the most prominent projects of the authority in this sector:
Al -Nour Island includes artistic installations, figures and natural experiences on an area of 45,470 square meters.
“The Heart of Sharjah”, an initiative to preserve the cultural identity and historical heritage, and the restoration and renovation of the ancient heritage region in “The Heart of Sharjah” on an area of 3,403 square meters, and includes basic features such as “Al -Arasha Market” and “Al -Shenasiya Market”, cultural facilities and museums, as it hosts major activities such as “Sharjah Heritage Days”.
“Mirrors Center for Arts and 1971 Design Center”, these assets constitute a cornerstone of the prosperous cultural scene in Sharjah and offer programs, workshops and regional and international artistic exhibitions, and the “Miria Art Center” provides opportunities for creative exploration and artistic development, and each area is more than 621 square meters.
“House of Wisdom” to celebrate the choice of “UNESCO”, the Emirate of Sharjah, the global capital of the book for the year 2019 and the directives of His Highness the Ruler of Sharjah, “Shorouk” project “House Al -Hikma” project was built on an area of 40,391 square meters. This leading cultural destination that uses advanced technology is characterized by sustainable design and modern facilities and providing more than 100 thousand paper books.
“Maliha National Park” Maliha site was nominated to the UNESCO World Heritage List. Interactive.
The Sharjah Foreign Investment Office, “Invest in Sharjah”, affiliated with “Shorouk” since its foundation in 2016, contributed to enhancing Sharjah’s position as a leading investment destination through 373 strategic initiatives and partnerships that included 57 international visits, 89 delegations, 70 global participation and hosting 42 events.
The office played a pivotal role in enhancing investor confidence and improving business opportunities in Sharjah, as it succeeded in attracting 617 projects, providing 46,761 new job opportunities, generating capital investments worth 96.75 billion dirhams in the manufacturing sectors of agricultural food, transportation, logistical services, health, quality of life, green technology, human capital, innovation, education, culture and tourism.
The Sharjah Investment Forum, which is organized by “Invest in Sharjah” annually, is the largest event of its kind in the region, and contributes to promoting dialogue, partnerships and opportunities for investment in various sectors.
The “Sunrise” vision includes providing more opportunities for the small and medium -sized companies sector and local entrepreneurs. The authority currently provides areas ranging between 40 and 500 square meters in “Heart of Sharjah”, as well as commercial opportunities in “Al -Hirah Beach”, “Khorfakkan Beach” and “Al -Alam Square – Kalba” and other destinations.
Sharjah is distinguished as a leading destination in economic diversity, as non -oil sectors constitute 96% of its economic activity, and the emirate also plays a fundamental role in supporting the UAE’s direction to achieve net zero carbon emissions by 2050. In 2024, Sharjah ranked fourth in the Gulf and the seventh in the rankings of the system of emerging companies in the Middle East and North Africa region according to “the global report of the corporate system Emerging 2024 “issued by” Start App Jenome “and” The World Entrepreneurship Network “.
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