|12-21-2014, 11:53 AM||#1|
Sharjah projected investment opportunities in India
Throughout the Trade Mission conference in India that was held from December 15-18, the Sharjah Investment and Development Authority (Shurooq) outlined several projected investment opportunities of Sharjah in India.
During the conference Shurooq along with representatives of ExIm Bank of India, the Bombay Chamber of Commerce as well as the Indian Merchants Chamber discussed new business opportunities and predicted beneficial partnerships.
Also Shurooq held a meeting with representatives of Taj Hotels Resorts and Palaces (Taj Group) in which potential business partnerships and investments prospects where discussed yet none of the future mega projects were revealed to the public.
Sharjah continue on expanding internally and externally on a business and touristic scale as it hopes to reach its neighbors economical strengths; Dubai and Abu Dhabi, being a hub of global investments and a top destination for travelers across the world.
Being aware that visitors to the Emirate of Sharjah hit the one-million mark in the first half of 2014, according to the Sharjah Commerce and Tourism Development Authority (SCTDA)
Sharjah recorded a 15% increase in tourist arrival in the first six months from the same period last year when it saw 955,355 tourists.
Furthermore two months ago Tilal Real Estate has launched its first new mega-project, Tilal City, to develop and expand Sharjah`s real estate sector.
Tilal City will be located along Emirates Road, on a total area of 25 million square feet.
Tilal City is another promising investment opportunity for the UAE property market in general, and projected to attract local and foreign investors into the property market of Sharjah.
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