Sharjah Investment intends to launch the wholly-owned Shurooq Holding Company in the local stock markets within the next two years, as it includes a diversified portfolio of tourism, real estate, industrial and transportation projects.
According to Al Arabiya Net, this was announced by Marwan Al Sarkal, CEO of the Sharjah Investment and Development Authority, Shurooq, in press statements on the sidelines of the Sharjah International Travel and Tourism Forum. Al Serkal did not announce the destination of the offering. Whether the Dubai Financial Market or the Abu Dhabi Stock Exchange.
He pointed out that the company is expected to be listed after the completion of the final studies of the offering process, especially since Shurooq has become a leading brand for successful projects, which will enhance the economic landscape of the Emirate of Sharjah.< /p>
He pointed out that the Authority's investment portfolio has so far reached more than 12 billion dirhams, and real estate projects constitute about 6 billion dirhams, pointing out that Shurooq has established the emirate's trends in diversity. The economic, which has strengthened its position as a destination for investment, tourism and trade, a translation of the directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, which is focused on achieving comprehensive and sustainable development in the emirate.
Al Sarkal clarified that the next ten years will witness the development of the Sharjah Investment and Development Authority, the creation and development of real estate and tourism projects outside the Emirate of Sharjah, after it enhanced the tourism scene in the emirate with many projects. Among them are environmental and archaeological projects such as the Mleiha project for archaeological and environmental tourism, the Kalba project for eco-tourism, and the Moon Lodge project, in addition to launching a number of sustainable modern hotel facilities within these projects, as well as other projects specialized in the field of recreational tourism and sustainable environment that will be launched during the coming period.