Sharjah Investment Centre sizzles at Qatar International Real Estate & Investment Exhibition

Showcasing the highly-acclaimed Sharjah Investment Centre (SIC) project at this event, Snasco, the main developer of the project, once again received exceptional responses, reflecting the positive relations between the UAE and Qatar as well as the considerable interest of the Qatari market in the SIC project.

Snasco Chairman, Mr. Saleh Nasser Al Sorayai, said about the firm's participation in the exhibition, "We were particularly keen to come to this exhibition, as the UAE shares a very healthy relationship with Qatar, where the current real estate market is full of promise. Participating in Q-REX offered us the opportunity not only to showcase what we have to offer, but also to explore possibilities in the Qatari market."

Studies show that Qatari investments in foreign markets amount to around QR145bn among 40 Arab, GCC and other foreign countries, with investments making up a substantial portion of that total in UAE.

Qatar is currently one the fastest growing countries in the GCC, at a rate of 9.9%, and is the world's largest exporter of liquefied natural gas.

The government of Qatar has allocated approximately QR 23bn for infrastructure development, and has plans to invest over $130bn more in the next five years.

Other issues being addressed by the Qatari government are the shortage of residential property and high inflation.