Sharjah Investment Center moves toward more development and growth

The project board recently held a meeting in the presence of Mr. Saleh Al-Sorayai, Chairman of SNASCO, and all the partners. During the meeting, they evaluated the progress witnessed by SIC, and all the positive reactions, the project has received to date. They also discussed the widening of the firm's horizons and their future strategic investments inside the UAE.

All the participants at the meeting came to a consensus that the approach the project was taking thus far was the most fruitful, referencing the positive reactions it had garnered. Consequent of these reactions, they agreed that more developments should be established across Sharjah, acknowledging the role the SIC will play in consolidating the emirates economy and in attracting external investors.

"From the outset we knew that the UAE would be a good land for projects and an excellent place for property investments and today we are witnessing the truth of this, with the success of our plans. The great response the SIC has witnessed assures me that our choice was the right one", said Mr. Saleh Al- Sorayai, Chairman of SNASCO.

"Regardless of size and description, our projects are developed only after an in-depth feasibility study has taken place. During this process we kept in mind the development instructions given by H.H Sheikh Sultan bin Mohammed Al Qassimi, member of the Supreme Council, Ruler of Sharjah, and his ambitions for the emirate's economic revolution. We have designed our projects for this emirate according to his principles. ", added Al- Sorayai.

Many developing companies are looking for more investment chances inside the emirate and they endeavor to establish more leading projects that can support the economy and attract more investment - consolidating a presence and maintaining effectiveness in the gulf real estate market, Sharjah in particular.

Above all this, the meeting had discussed possible plans and mechanisms that may strengthen SNASCO's own presence and effectiveness inside the UAE while studying new and future wise investment opportunities.

SNASCO a leading Saudi-Emirati alliance announced that they are going to establish a new company, under the management of SNASCO, to assure the project can utilize the best of both nations and execute the project in the most professional way. This alliance includes many bright names in the domain of property inside the Gulf region, including Sinao Gulf, Hamad Al- Wabel Company For Property, Hamad Bin Mohammed Bin Soaidan and Co., Mr. AbdulRahman Bin Saleh Al- Motlak Al Hanaky, and Mr. Hamad Bin Abdullah Al Sorayai.