The Sharjah Investment Development Authority (Shurooq) recently held a meeting with Indian officials to discuss investment opportunities in the Emirate. The roundtable focused on four key sectors – travel and tourism, environment, healthcare, and transport and logistics.
Highlighting the potential of the travel and tourism sector, Marwan Al Sarkal, CEO of Shurooq, outlined the immense potential that the emirate of Sharjah. “The latest projections show that Sharjah’s travel and leisure sector is likely to grow from AED1.24 billion this year to AED1.49 bn by 2016, furthermore tourism’s contribution to Sharjah’s GDP is expected to jump from nine per cent now to approximately 12% by 2016,” said Al Sarkal.
The Emirate is gaining prominence as a tourism and leisure destination, due to the carefully executed investment and development strategy under the directives of HH Sheikh Dr Sultan bin Mohammed Al Qasimi, member of the supreme council and ruler of Sharjah. This strategy has seen a diverse range of projects across major sectors being undertaken, which offer rewarding investment opportunities for local and foreign investors.”
Shurooq has initiated large array of projects, aimed at stimulating the Emirate’s burgeoning tourism sector, such as Al Jabal Resort – The Chedi Khorfakkan, Sir Bu Nair Island, Mlieha, the Heart of Sharjah, Al Bait Hotel, Al Majaz Waterfront, the Flag Island, the Kalba Eco-tourism project, Al Montazah Park, and Al Hisn Island – Dibba Al Hisn. Each of these projects has been carefully designed to stimulate the local economy, while also providing foreign investors with unique opportunities to capitalise on the phenomenal growth being witnessed in Sharjah’s tourism and leisure sector.