Sharjah Investment Centre steals the show at Cityscape

The international show that features 300 local and international property firms is currently exhibiting projects that are well over a trillion dirhams.

Observers said that the high visitor and investor interest in the project is the result of various reasons; one of the most important being its feasibility, indicating to the overwhelming impact it will have on the Emirate of Sharjah and the UAE market in general, while answering the needs of investors. Furthermore, its appearance at Cityscape marks the entry of one of the very few industrial projects to be showcased at the exhibition.

SIC represents one of the most important projects Sharjah is developing that is dedicated to all its society segments and has been designed to substantial augment economic progress by boosting investment opportunities in the emirate and the UAE.

The project is situated on the Emirates Road near to Sharjah International Airport and Hamriyah Port, and is the first mixed use industrial development in Sharjah. The project includes storage areas, labor accommodation, logistic support areas, and a special area for light and medium industry. Additionally there will be hotels, leisure services and a commercial center, accompanied by the Investment Center.

As work had commenced on the project a month after its official launch, SNASCO signed a contract with ARABUILCO, to start flattening works of the project land. To date more than 70% of the groundwork has now been completed; demonstrating the firm's commitment to finish works on time.

"Due to SNASCO's aims and strategy, it's a must that we move towards developing these kind of schemes - especially these type of mega-projects, where something new and unique can be added to not only Sharjah but also the UAE.' said Mr. Saleh Al Sorayai, Chairman of SNASCO, the developer, marketing and supervisor of SIC.

SNASCO, a leading real estate investment company was born of a Saudi- Emirate alliance. Some of the two nations leading realty and investment firms had established this specific company that has been designed to create new investment opportunities that is dedicated to the successful management and implementation of their projects.

Al Sorayai said that SIC, with its complete buildings and services will be an added avenue for investment in Sharjah and has the potential to dramatically affect its social, economic and political sectors.