SNASCO reports outstanding sales of SIC project

As expected, the SIC project has received highly favorable responses from investors across the GCC as well as Arab countries, as the UAE and Sharjah's real estate markets continue to flourish.

Sales at the SIC are commensurate with the pace at which the project's extensive infrastructure is progressing.

Speaking on these responses to the development, SNASCO and SIC Chairman, Mr. Saleh Al Sorayai, said,

"We are tremendously proud of what has been achieved by the SIC thus far, and we look forward to further success with this project. We have put a lot of time and effort into our marketing campaign for the SIC, and the rapid sales of the phases upon their release reflects the success of the campaign. We've introduced the SIC to the public via a number of channels, including all the region's major real estate exhibitions and fairs, and the response we've had clearly shows the value attached to this development, not only by us as the developer, but also by the various investors who support the SIC initiative".

"The SIC's location and design make it a major centre for business development across a variety of sectors not only for Sharjah, but also for neighboring emirates, as the SIC is ideally situated for easy access to various logistical resources, making it an extremely attractive investment," he added.

The SIC project holds a great deal of significance for the emirate of Sharjah, where it is expected to play a major role in the emirate's continued economic expansion.

The project will serve as a commercial hub for a number of the emirate's main industries, and will be equipped with all the necessary resources to ensure the smooth operation of logistics and other shipping-related businesses in particular.

In addition to commercial and industrial facilities, the SIC will include a number of residential units, hotels and entertainment facilities.

"We are particularly appreciative of the support of the government of Sharjah for this project. Sharjah's government is well known for its support of projects and initiatives that enhance the emirate and add to its economic growth potential, and it is largely due to this encouragement and support that these projects are successful," said Al Sorayai.