The Sharjah Investment and Development Authority (SHUROOQ) recently inked a memorandum of understanding (MoU) with Dohaland Hospitality, a subsidiary of AMLAK Holding. The aim of the agreement is to boost bilateral relations and mutual cooperation by establishing joint ventures for development of projects by both parties.
The signing ceremony took place at Qatar National Convention centre in Doha and was attended by Sheikha Bodour bint Sultan Al Qasimi, chairperson of Sharjah Investment and Development Authority (SHUROOQ) and HE Ahmed Al Hajaji, CEO of AMLAK Holding. The MoU was signed by HE Marwan bin Jassim Al Sarkal, CEO of Sharjah Investment and Development Authority (SHUROOQ), and HE Abdul Aziz Al Emadi, CEO of DOHALAND Hospitality.
According to the MoU, both parties agree to jointly evaluate potential investment opportunities and to invest in a number of tourism development projects that are currently being developed and managed by SHUROOQ.
Sheikha Bodour bint Sultan Al Qasimi looks at expand business and investment cooperation between Qatar and Sharjah. “The tourism sector in particular, which is projected to expand by 12% by 2016, benefits from exceptional support and encouragement. This MoU will aid both SHUROOQ and Dohaland’s approach to developing investment projects across a range of vital sectors, and will help deliver niche tourism projects to boost the emirate’s position on the global tourism map.”
Elaborating further Marwan bin Jassim Al Sarkal said: “This agreement will pave the way for broader investment opportunities and for developing tourism. We are pleased to be collaborating with Dohaland Hospitality in developing operations and in activating the role of tourism, business and other growth sectors in the Emirate.”